During the week ending June 10th, 2022, the total value of real estate and property transactions was AED8.7 billion. There were 2,369 transactions in total. AED1.26 billion was paid for 262 plots, while AED3.4 billion was paid for 1,572 apartments and villas. In third place, land in Al Merkadh sold for AED110 million, followed by land in Wadi Al Safa 2 for AED78.23 million and land in Al Merkadh for...
According to data provided by Dubai's Land Department (DLD), the real estate market in Dubai recorded 293 sales transactions totaling AED 757.33 million on Wednesday, including 73 mortgage deals valued at AED 135.94 million and 9 gift deals valued at AED 16.28 million. 264 villas and apartments worth AED507.79 million and 29 land plots worth AED249.54 million were sold, while 67 villas and...
Villas and mansions aren't the only hot properties in Dubai right now; plots for development are selling just as quickly. For the first time, non-UAE nationals interested in building villas or mansions can purchase a cluster of plots in the Al Wasl neighborhood. There are only 140 of these plots available, with the majority measuring 10,000 square feet. Investors will be able to build luxury villas and...
According to a leading property portal, the Abu Dhabi real estate market outlook appears to be improving, with demand for villas and apartments continuing to rise. According to Zoom Property Insights, the second half of 2022 looks more promising for Abu Dhabi's real estate sector, as the market began the year on a high note, fueled by mega-developments, Al Etihad Rail expansion, and rising oil...
According to real estate industry executives and analysts, this trend is primarily seen among salaried class people in their 20s, 30s, and 40s who are investing to hedge against inflation. Danube Properties' Dh300 million Pearlz project was sold out on the first day of its launch in March. Young and middle-aged residents who plan to stay in Dubai for an extended period of time are increasingly...
In order to achieve Dubai's ambitious goal of becoming the world's smartest city, the municipality has launched a unified electronic platform for building permits. This platform offers building permit services from all licensing authorities to consulting firms and contracting firms. The Dubai Building Permit Development Committee, formed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice...
After being tenant-friendly in recent years, the rental market will balance out and begin to favor landlords; however, rental increases will not be uniform across the city, according to experts. According to analysts, top executives, and industry experts, the Covid-19 variant will continue to impact remote working, supporting demand for villas and larger units. "As a result of changing working...
RAK Properties, Ras Al Khaimah's leading real estate developer, has announced the launch of the Bay Residence — Central I project, a mixed-use residential development on Hayat Island in Mina Al Arab, Ras Al Khaimah. "We are pleased to announce the opening of the Bay Residences — Central I, one of four cutting-edge residential buildings on Hayat Island." Residents and guests will enjoy breathtaking...
Iman Developers announced the opening of their newest project, the Oxford Terraces in Jumeriah Village Circle, on Tuesday (JVC). The Oxford Terraces, valued at approximately Dh72 million, will be Iman Developers' sixth residential development project. This latest project will add a total of 117 apartments, with 58 studio apartments, 51 one-bedroom units, and 8 two-bedroom units ranging in size from...
According to property experts, the UAE's real estate market continues to offer several appealing opportunities, particularly for international investors who first arrived in the country for the Expo 2020 Dubai mega event. Emad Haq, vice chairman at H&S Real Estate, spoke to Khaleej Times about the "spillover effect" that the global mega event had created by firmly putting the city, and by extension...
Compare listings
Compare