News

A research claims that the value of real estate transactions in the Emirate of Sharjah climbed from AED1.9 billion in October to AED2.7 billion ($735 million) in November. 650 of the 2,813 real estate transactions performed during that time were sales, accounting for 23.1% of all transactions, according to a data from the Sharjah Real Estate Registration Department (SRERD). A total of 322 mortgage...

The Dubai Land Department (DLD) reported 468 sales transactions for AED1.39 billion, 84 mortgage deals worth AED259.89 million, and 65 gift deals worth AED109.6 million on Thursday in the city's real estate market. To date, real estate sales have exceeded AED 1.7 billion in value. The sales included 67 land plots at AED363.83 million and 401 houses and apartments totaling AED1.03 billion. The mortgages...

B1 Properties recently disclosed that this season's sales of its Palm Jumeirah villas were among the highest ever. The meticulously curated portfolio of the premium real estate firm includes the most sought-after properties in the Middle East. B1 Properties, which was founded in 2021 and specializes in buying properties on the Palm Jumeirah, has quickly established itself as the industry leader in luxury...

Aldar Properties and Mubadala Investment Company will pay Dh450 million for Al Maryah Tower, a premium Grade A commercial office skyscraper on Al Maryah Island. Aldar will own 60% of the property, and Mubadala will possess the remaining 40%. The 25-story tower is next to Aldar's four commercial buildings at ADGM, which boosts the company's growing commercial portfolio. The first tenants of the...

According to information provided by the Dubai Land Department, the real estate market in Dubai saw 385 sales for AED936.65 million on Tuesday, 98 mortgage deals worth AED186.25 million, and 41 gift deals totaling AED131.82 million (DLD). The total cost of the real estate deals completed so far exceeds AED 1.2 billion. The sales included 358 villas and apartments worth AED691.86 million, 27 land plots...

According to the Dubai Land Department, the value of transactions in the real estate market in Dubai reached AED 9.1 billion ($2.5 billion) by the end of the week (DLD). For the week ending December 9, 2022, at least 2,233 apartments and villas were sold for a combined AED 4.64 billion. At least 419 plots worth a combined AED 2.24 billion were also auctioned. The largest transaction for the week was...

The Dubai real estate market is having a solid year, according to Zoom Property Insights. In October, prices rose by 1.8 percent, and November followed a similar pattern. Investors in the sector are driving increased prices as well as end users. Zoom Property Insights stated that the average property price in Dubai is AED1,070/square foot. increase in Dubai real estateThe research also said that,...

With a 100,000 square foot seafront plot of property in Dubai Marina selling for Dh690 million ($187.6 million) in the closing stages, the residential real estate market in Dubai is still setting sales records. The largest residential deal of the year in Dubai is this one. It surpasses the Dh600 million deal through which Mukesh Ambani, an Indian business magnate, acquired a second Palm property. At...

Dubai, which will see a 13.5 percent price increase in 2023, is the most anticipated of the top 25 cities. The report from Knight Frank predicts that prices will rise by an average of 2% across all 25 cities. After Dubai, Los Angeles and Miami are in the second and third places, respectively. The forecast rate has, however, decreased over the past six months as recessionary worries have grown. In the...

All property buyers will be able to convert their 100-year leasehold rights into full freehold titles thanks to Arada, the largest developer in Sharjah. This will be achievable after receiving the required Sharjah Real Estate Registration Department approvals. Recently, Sharjah granted freehold rights to owners of real estate in specific investment zones. All nationalities and non-residents are covered...