Real estate and property transactions totaled 5.5 billion AED in the week ending July 15, 2022. There were a total of 1,614 transactions. According to Dubai's Land Department (DLD), 186 plots were sold for AED 594.72 million, while 1,004 apartments and villas were sold for AED 2.43 billion. The top three transactions, according to the DLD weekly report, were land in Ras Al Khor Industrial First that...
During the four-day Eid Al Adha holidays from July 8-11, at least 5.6 million Dubai residents and visitors used public transportation to get around the city's landmarks, according to RTA. The Roads and Transport Authority operates public transportation, taxis, and shared mobility systems (RTA). The Red and Green Lines of the Dubai Metro served approximately 2,150,000 residents, while the tram...
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, issued a directive last week widely regarded as a progressive step toward improving the rights of children born to Emirati mothers by foreign fathers, granting them the same benefits as other citizens in healthcare and education. It is a welcome decision that rekindles the hope of affected families that they will be granted full...
Property Finder, the region's leading proptech firm, has launched 'SuperAgent,' the Middle East and North Africa's (MENA) first AI-driven ranking system powered by an in-house data platform — Agent Data Assistant (ADA). The new mechanism, which debuted at the end of last year, employs millions of data points to assist homebuyers in locating the most responsive agents with up-to-date and proven...
The second of six brand-new Dh100 million-plus (the emphasis is on the "plus") villas on the Palm, in what developer Alpago Properties refers to as the "Billionaires' Row," is now for sale. The property, which is located on Frond G, is being built as demand for ultra-luxury residences in Dubai continues to rise. Last month, Alpago launched its first vessel, the "Riva Del Lusso," which "attracted an...
Dubai South Properties, the master developer, has launched the South Bay in the heart of The Residential District. There will be a 1-kilometer-long crystal lagoon, "multiple beaches," over 800 villas and townhouses, and over 200 waterfront palaces. The project includes a more than 3-kilometer-long seaside promenade. The announcement comes as Dubai South and the newly renamed Expo City Dubai (formerly...
Given that developers have accelerated the pace of projects to ensure timely completion and handover of projects, MBR City is expected to lead the delivery of residential units in Dubai this year. According to Zoom Property Insights, the mixed-use development topped the chart by delivering the most residential units in Dubai during the first quarter, and it is expected to maintain that position for the...
Dubai has revealed the best international university campuses in its latest higher education league table. The Higher Education Classification, developed by the Knowledge and Human Development Authority (KHDA), in partnership with Quacquarelli Symonds (QS), a UK company specializing in the analysis of higher education institutions around the world, provides a rating of 17 campuses of international...
Al-Futtaim Group Real Estate in Dubai launched a new residential development in Al Badia, Dubai Festival City, on Monday. Al Badia Terraces is a residential mid-rise tower complex with over 350 units. Al Badia Terraces will have 132 one-bedroom units, 193 two-bedroom units, and 26 three-bedroom units. The bedrooms start at 749 square feet for a one-bedroom, 1,183 square feet for a two-bedroom, and...
According to experts, Dubai's luxury property market will continue to rise in the second half of the year due to a lack of prime and ultra-prime residential units that can meet rising demand from both end-users and foreign buyers. According to industry experts, analysts, and market experts, demand for prime and ultra-prime properties in Dubai has been increasing since the beginning of the year as high...
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