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05.06.20214687The supply-demand imbalance has been a defining feature of the emirate’s residential market. Dubai’s property prices held down for over half a decade by a supply glut will likely stay on the sidelines of a global upswing in values of prime residential real estate, Bloomberg reported, citing Knight Frank research.The emirate's construction industry...
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04.06.20215444The developer plans to build branded luxury homes and an ultra-luxury boutique hotel in space between the One & Only and W Hotel resorts. Dubai-based developer Nakheel announced it had sold one of the few remaining beachfront plots on the West Crescent of Palm Jumeirah to UAE real estate company Select Group and its joint venture partner...
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03.06.20214775164 plots sold for USD 222 million, 1,030 apartments and villas sold for USD 604 million. 1,623 real estate and property transactions amounting to USD 1.6 billion in total were recorded in Dubai during the week from May 28 to June 3, 2021. 164 plots sold for USD 222 million, 1,030 apartments and villas sold for USD 604 million. The largest land...
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02.06.20217937Whether you are a tourist, foreign professional, investor, or businessman, it’s most likely that you have already come across Dubai’s popularity with regard to real estate on more than one occasion. So if you are one of the few who has encountered this sort of thing, then you might even already have taken the chance to invest in the Emirate’s real...
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02.06.20215876The list includes top 8 locations with the highest number of property transactions as of June 1, 2021. Activity at Dubai’s property market flatlined when COVID-19 broke out early last year. However, since the global lockdown was lifted and coronavirus restrictions eased, buyers have returned to the market snapping up all kinds of residential...
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01.06.20215089Realty deals during the above-mentioned period both in Abu Dhabi and Dubai amounted to USD 16 billion. UAE property market saw nearly USD 18.6 billion in sales transactions in the first quarter of the year. The successful result is a fresh sign that the worst is over and economic recovery is accelerating due to increased spending on infrastructure...
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31.05.20214635According to the developer, 53 percent of buyers were under 40 years of age and 31 percent were women. Abu Dhabi-based Aldar Properties has sold out its recently launched Noya Luma project in four hours. This generated sales of USD 152 million to the company. According to the developer, 53 percent of buyers of the 189 standalone villas,...
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30.05.2021475798 percent of the construction work at the Star project has been complete. Azizi Developments, a leading developing company in UAE, has announced that the construction of its well-connected condominium project, Star, is now 98 percent complete. The project is strategically located in the heart of Dubai’s new growth corridor – Al Furjan. The...
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29.05.20214931Experts say, an acceleration in Dubai housing market activity this year is more likely than a slowdown. Dubai property prices are expected to rise for the first time in six years this year due to a swift vaccine rollout that has lifted hopes for an overall economic recovery, according to a poll of real estate analysts carried out by Reuters...
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28.05.20214598148 plots of land were sold for USD 323 million, 1,008 apartments and villas were sold for USD 593 million. 1,599 real estate and property transactions worth USD 2.8 billion in total were registered in Dubai during the week from 21 to 27 May, 2021. 148 plots of land were sold for USD 323 million, 1,008 apartments and villas were sold for USD 593...
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