The real estate market in Dubai saw 496 sales transactions worth AED1.67 billion on Monday, in addition to 107 mortgage agreements totaling AED169.05 million and 13 gift deals totaling AED32.08 million, according to data given by Dubai's Land Department (DLD). 49 land plots valued at AED756.08 million and 447 homes and apartments valued at AED910.14 million were sold. Over AED1.8 billion was spent...
Leading UAE developers Lead Development and Jubail Island Investment Company (JIIC) have helped to officially break ground on Jubail Terraces, an affordable mixed-use community development in Abu Dhabi with 242 apartments and other crucial amenities. These apartments at Jubail Terraces will be housed in a collection of low-rise, low-impact blocks, each of which will have 23 retail units on the ground...
Celebrities from around the world continue to invest in Dubai's luxury real estate market, with Nabilla Leona Benattia-Vergara joining a lengthy list of previous investors. Through Omar Naguib, the founder and CEO of ON Real Estate, Vergara—who is also the creator of the personal care company Nabilla Beauty—acquired a €5 million (more than Dh20 million) apartment in Damac Bay owned by...
The real estate market in Dubai had 457 sales transactions worth AED5.96 billion on Tuesday, along with 77 mortgage deals totaling AED334.39 million and 25 gift deals totaling AED61.22 million, according to data released by Dubai's Land Department (DLD). AED1.18 billion worth of 405 homes and apartments and AED4.78 billion worth of land parcels were sold. The mortgages were for 59 villas and...
First and foremost, any contract changes or amendments, including rental price changes, must be agreed upon by both the landlord and tenant at least 90 days before the tenancy expiration date. The tenant must formally state whether they intend to renew their contract or vacate the property. Any renewal price changes must be made according to the Rera index calculator, unless agreed otherwise. In this...
Demand to buy two-bedroom apartments is higher than one-bedroom units among investors and end-users in Dubai, as the market witnesses the emergence of new consumer preferences such as a growing incline towards ownership and the inflow of more families to make their second home. According to Property Finder’s data for March 2023, around 59.7 per cent of people who intend to own property in Dubai are...
According to the most recent analysis conducted by international real estate consultant Knight Frank, Dubai saw 88 home sales over $10 million that totaled Dh6 billion during the first quarter. The analysis by Knight Frank also reveals that the city's premier residential neighborhoods, including the Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island, continue to dominate luxury home sales, with...
The real estate market in Dubai witnessed 464 sales transactions for AED 827.14 million on Wednesday, along with 80 mortgage deals for AED 236.13 million and 9 gift deals totaling AED 14.26 million, according to data published by Dubai's Land Department (DLD). Sales of 417 houses and apartments and 47 land plots totaling AED139.47 million were made. The mortgages covered 20 land plots valued at...
According to Knight Frank's most recent analysis, 88 homes valued at above $10 million and totaling Dh6 billion were sold in Dubai during the first quarter. According to Knight Frank's analysis, the city's most prestigious residential neighborhoods, such as Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island, continue to dominate the sale of luxury homes, with first-quarter average transacted prices...
In Al Maryah Island, Aldar will partner with the Abu Dhabi wealth fund to build commercial real estate assets. These will be built inside the Abu Dhabi Global Market, a free zone and financial hub. Aldar will hold 60% of the joint venture’s shares, with Mubadala holding the remaining 40%. The agreement was reached shortly after Aldar purchased four commercial towers at ADGM from Mubadala last...
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