News and articles

  • Dubai South Properties launches a new project – The Pulse Villas

    50 percent of villas in the new project are already booked by interested investors. The Pulse Villas project is scheduled for completion by 2024. Master-developer Dubai South Properties announced the launch of The Pulse Villas. The project is the second phase of The Pulse development, the heartbeat of Dubai South’s Residential District. The...

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  • Weekly real estate transactions in Dubai, from February 18-25, 2021

    145 plots of land were sold for USD 143 million; 877 apartments and villas were sold for USD 422 million. 1,445 real estate and property transactions worth USD 1.1 billion in total were registered in Dubai during the week from February 18 to February 25, 2021. 145 plots of land were sold for USD 143 million; 877 apartments and villas were sold...

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  • Dubai developer Deyaar posts a loss in 2020

    Despite the impact of the pandemic, the developer said the construction on its projects continued in line with the scheduled timeline. Dubai-based developer Deyaar reported a loss in 2020 owing to higher impairments and fair value adjustments it had to take into account due to the coronavirus pandemic. The developer posted a loss of USD 59...

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  • Dubai has the second-highest number of prime properties in the world

    According to Knight Frank, London has 68,189 prime homes followed by Dubai at 42,356 units, Sydney (27,436), Hong Kong (21,285), and Singapore (10,416). Dubai has the second-highest number of prime properties among all the major global cities after London. According to Knight Frank, London has 68,189 prime homes followed by Dubai with 42,356...

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  • RAK Properties' net profit reached USD 31 million in 2020

    The company's revenue increased by 25 percent to USD 66 million in 2020 compared to USD 53 million in 2019. RAK Properties PJSC have announced their financial results for the fiscal year 2020. The property developer recorded a net profit of USD 31 million in 2020 compared to USD 25 million in 2019. The company reported an increase in its...

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  • Increased property transaction trend will continue in 2021

    Dubai's real estate market witnessed massive activity at the beginning of the year as secondary and ready properties transactions jumped to nearly seven-year high. And according to official and industry executives, this trend of increased transactions will continue in the coming months. A total of 3,300 sales transactions worth USD 1.8 billion...

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  • Real estate deals in Sharjah surge 5.1 percent in 2020

    The number of deals sealed last year by non-GCC investors increased significantly by 32.5 percent. On the back of stimulus measures rolled out by the government to overcome the pandemic challenges, real estate transactions in Sharjah surged 5.1 percent. In 2020 the emirate recorded 64,459 transactions worth USD 4.3 billion in total. According to...

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  • Abu Dhabi registers USD 20.14 billion worth of real estate transactions for 2020

    In 2020 the value of real estate mortgages amounted to USD 12 million, totalling 11,000 transactions. The value of real estate transactions in Abu Dhabi in 2020 totalled USD 20.14 billion, 28 percent higher compared to 2019, which recorded a value of 15.7 billion. 19,000 transactions were concluded in the emirate during the previous year,...

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  • Weekly Real Estate Transactions in Dubai, February 11-18 2021

    80 plots of land were sold for USD 113 million and 776 apartments and villas were sold for USD 334 million. 1,277 real estate and property transactions amounting to USD 1.3 billion were registered in Dubai during the last week ending 18 February 2021. 80 plots of land were sold for USD 113 million and 776 apartments and villas were sold for USD...

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  • Investors show sustained interest in Emaar Properties' projects

    Due to "sustained interest from investors, both domestic and foreign", Emaar managed to achieve USD 2.9 billion worth of property sales during 2020. Emaar Properties, Dubai's largest listed developer by market capitalisation, reported 'sustained interest' from investors, despite a 20 percent decrease in full-year revenue for 2020 caused by the...

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