The master developer in Dubai has turned the idea of the "Deira Islands" into a collection of five islands with a combined area of 17 square kilometers. The developer's continuous emphasis on the Dubai brand is reflected in the name of the new area, "Dubai Islands." The project will follow the Dubai 2040 Urban Master Plan and "reinforce the emirate's position as a global destination of choice for...
Foreign buyers of real estate in Dubai, which has become one of the world's most attractive investment locations, have expressed a great interest in the 10-year residence program, Golden Visa. According to Zoom Property Insights, Dubai is anticipated to draw a sizable portion of the $100 billion worldwide citizenship-by-investment industry, which is anticipated to rise five times by 2025. The emirate...
DUBAI, 16th August 2022 (WAM) -- The Department of Planning and Development - Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed about 16,000 transactions through its Licencing Department during the first half of 2022, registering a growth of 22 percent as against the same period last year. The Licencing Department provides corporate licensing services to local and...
The first half of 2022 saw Emaar Development’s biggest property sales ever, supported by recently profitable launches that will add value going forward. Compared to H1 2021, when property sales were AED13.825 billion (US$3.764 billion), they increased by 10% to AED15.216 billion (US$4.143 billion) in H1 2022. 15 projects in various master plans were launched during the first half of 2022 by the...
Emaar Properties PJSC reported a considerable increase in first-half profitability, supported by strong real estate sales and improved recurring revenue business performance. This performance is evidence of consumers’ sustained trust in the Emaar brand and of Dubai’s economy’s broader post-pandemic recovery, which was driven by the real estate market. Emaar reported high first-half revenue of...
According to data supplied by Dubai’s Land Department (DLD), the real estate market in Dubai had 436 sales transactions worth AED 971.4 million on Tuesday, along with 101 mortgage transactions for AED 1.38 billion and 17 gift transactions totaling AED 55.13 million. More than AED 2.4 billion has been spent on real estate as a result of sales of 360 villas and apartments for AED 738.88 million,...
The week of August 5, 2022, had a total of 5.3 billion AED worth of real estate and property transactions. 2,247 transactions were made in total. 1,510 flats and villas were sold for AED2.79 billion, while 255 plots were sold for AED1.24 billion. A land in Hadaeq Sheikh Mohammed Bin Rashid was sold for AED106.57 million, coming in the first place, and land in Island 2 was sold for AED90 million,...
According to the Savills Dubai Office H1 2022 – Market in Minutes report, Dubai’s office market has remained resilient over the first half of 2022, helped primarily by the ongoing demand for Grade A office space, which has also resulted in a steep decline in vacancy levels for this segment. According to the research, there has been a high demand for occupants due to a robust local economy, where...
According to Sharjah 24, Sharjah Municipality (SM) reported that the percentage of rental contracts in the city of Sharjah increased by 6% in the first half of this year compared to the first half of last year. The SM has made it easy for dealers to ratify these contracts in a variety of ways, which supports its objective of boosting residential, commercial, and tourist attractions.(Sharjah) In this...
According to data issued by the Dubai Land Department, 2,285 real estate transactions of AED6.8 billion were completed for the week ending July 29, 2022. For a total of AED1.35 billion, 254 plots were sold; for AED3.35 billion, 1,516 apartments and villas were sold. The top three transactions included the sale of land in Hadaeq Sheikh Mohammed Bin Rashid for AED100.53 million, followed by the sale...
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