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04.07.20215758The USD 272.5 million Regalia tower is scheduled for completion in 2024. Deyaar Development, a Dubai-based property developer, plans to add a 70-storey high-rise to the Dubai's 'family' of skyscrapers and expand its portfolio in the emirate. Construction on the USD 272.5 million Regalia tower in Business Bay is due to start next month. Deyaar...
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03.07.20215074The ValuStrat Price Index (VPI) for Dubai grew 3.8 percent in the second quarter. During the second quarter of this year sale prices for villas in Dubai showed the best performance since 2014. According to the report issued by the real estate consultancy ValuStrat, the highest annual capital gains were recorded in The Meadows, Arabian Ranches, The...
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02.07.20215228Dubai Hills Vista/Majestic Vistas will comprise 40 luxurious villas and these are the last villas to be built in Dubai Hills Estate. Emaar Development PJSC, the leading property and lifestyle developer in the region, will launch Dubai Hills Vista/Majestic Vistas in partnership with Automobili Lamborghini. This collaboration will result in a...
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01.07.20216166119 plots sold for USD 230 million, 1,321 apartments and villas sold for USD 612 million. 2,020 real estate and property transactions amounting to USD 1.2 billion in total were recorded in Dubai during the week from June 25 to July 1, 2021. 119 plots sold for USD 230 million, 1,321 apartments and villas sold for USD 612 million. The largest land...
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30.06.20214942The development, named Saadiyat Reserve/The Dunes, consists of 83 four- and five-bedroom villas. Aldar Properties, Abu Dhabi’s biggest developer, announced the last phase of the Saadiyat Reserve residential project, located on Saadiyat Island. Named Saadiyat Reserve/The Dunes, the new phase comprises 83 four- and five-bedroom villas, Aldar...
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30.06.202123775The United Arab Emirates is a relatively young yet rapidly evolving and self-sufficient investment market. Although, the UAE real estate market has many features common for other countries, it also possesses a substantial share of unique characteristics. These peculiarities include aspects such as terminology, documentation, and investor conduct...
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28.06.20214931The number of luxury properties sold in the emirate in 2021 is more than in the whole of 2020. 22 luxury properties worth USD 770 million have already been sold in Dubai in 2021, while only 19 similar properties were sold in the whole of 2020. According to the real estate company Knight Frank, the trend towards buying homes worth USD 10 million...
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27.06.2021542350 percent of 100 investors surveyed by SmartCrowd believe that Dubai's real estate market has already 'bottomed out'. SmartCrowd, a property investment platform regulated by the Dubai Financial Services Authority (DFSA), has named the top six areas most popular among investors interested in property crowdfunding in Dubai. It follows a recent poll...
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26.06.20216395Decline in rentals and house prices are considered to be the major reason for increased affordability of the cities. UAE has become more affordable for expatriates in 2021 as cost of living in the country’s two major cities, Dubai and Abu Dhabi, dropped significantly, states Mercer in its latest report. Dubai moved from 23rd to 42nd place in the...
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25.06.20216608The ownership of the housing units that are available for purchase in the Aras Residence project is freehold for all nationalities. Aras Group, a Dubai-based real estate company, has announced the launch of its first real estate project in Majan. The project is named Aras Residence and valued at USD 20 million. Aras Residence is the company's...
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