The real estate market in Dubai had 396 sales transactions worth AED1.33 billion on Tuesday, along with 66 mortgage deals totaling AED18.2 million and 69 gift deals totaling AED100.96 million, according to data given by Dubai's Land Department (DLD). 363 houses and apartments worth a combined AED932.73 million and 33 land plots worth AED402.2 million were sold. The mortgages also comprised 63 homes and...

After a difficult debut immediately following the Covid phase, "co-living" options in Dubai are now vying for more visibility with tenants. As landlord attitudes change at a time when potential tenants are looking for less expensive accommodation, particularly among the younger generation, co-living spaces will become more common in the city. Dubai Young people throughout the world are no longer...

RAK Properties PJSC, Ras Al Khaimah's largest listed real estate developer, disclosed Dh408 million in annual revenue for 2022 on Sunday. In the course of the year, RAK Properties built 207 villas in Marbella, a luxurious beachfront development on Hayat Island, and 266 flats in Julphar Residence on Abu Dhabi's Reem Island. RAK Properties also successfully opened the 5-Star InterContinental Hotel &...

Homes in Dubai's newest, ultra-luxury districts are almost ready to sell for Dh100 million or more. An Indian family paid Dh90.5 million for an eight-bedroom villa on "Lanai Island," which is a part of the Tilal Al Ghaf master development, at the beginning of February. villa A spokesman of Metropolitan Premium Properties (MPP), the company that negotiated the deal, stated that the opulent mansion with...

According to data supplied by Dubai’s Land Department (DLD), the real estate market in Dubai saw 537 sales transactions worth AED1.44 billion on Wednesday, along with 79 mortgage deals totaling AED193.57 million and 30 gift deals totaling AED104.38 million. The sales included 106 land plots worth AED616.72 million and 431 houses and apartments worth AED824.67 million. The mortgages covered 14 land...

According to the most recent data published by Dubai's Department of Economy and Tourism, 14.36 million international overnight visitors visited the city in 2022, an increase of 97% over the 7.28 million tourists that came in 2021. (DET). Additionally, the emirate came very close to the 16.73 million tourists it had before the epidemic in 2019, which further bolstered its standing as the top global...

2,157 real estate transactions of more than AED 9 billion were made for the week ending 3 February 2023, according to figures published by the Dubai Land Department. (DLD). The largest transaction was the sale of land in Al Wasl for AED 147.5 million, which was followed by sales of land in Island 2 for AED 112 million and Mohammad bin Rashid Gardens for AED 54 million. Al Hebiah Fourth took third...

The largest developer, investor, and manager of real estate in Abu Dhabi, Aldar Properties, and Dubai Holding, a highly diversified investment corporation with a large portfolio of assets valued at Dh130 billion, have signed a legally binding joint venture agreement. The project aims to develop interesting new housing opportunities across important Dubai neighborhoods. The milestone agreement heralds...

According to Arada, revenues would rise by 46% to Dh3.51 billion in 2022 compared to the previous year. The company sold 2,268 residences in 2022, a slight decline from the year before, as homebuyers maintained a recent trend of making investments in larger and more expensive villas and apartments. Jouri Hills, Arada's first project outside of Sharjah, was housed in the renowned Dubai master...

Al Fahid Island has been purchased by Abu Dhabi-based Aldar Properties, which intends to develop a waterfront property there, the company said on Tuesday. The 3.4 million square meter island is traversed by the Sheikh Khalifa bin Zayed Highway (E12), the main route connecting Yas Island and Saadiyat Island. The deal will enable Aldar to significantly expand the size of its land bank and short-term...