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19.05.202113780Against the backdrop of the 2020 pandemic, there have been new changes regarding the acquisition of real estate by foreigners. A year ago, the Dubai Lands Department (DLD) officially authorized remotely conducting purchase and sale transactions, and leasing commercial and residential properties through special online services. It is now possible to...
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19.05.20218366The 59-units building is located within the Maryam Gate Residences community, the second phase of the Maryam Island mega project. Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, is launching Shams Residences on Maryam Island, a first-of-its-kind luxury waterfront development in...
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18.05.20217246Demand for residential real estate has picked up faster than expected, Morgan Stanley states. According to Morgan Stanley's latest research, Dubai real estate prices are rising for the first time in six years amid higher demand and a slowdown of project launches since 2017. Citing consulting firm ValuStrat's report, it said there was a 1.2% month...
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17.05.20218659The first units in the first phase of Riviera will be handed over this summer. One of UAE's leading private developer Azizi Developments has started the construction of the fourth phase of Riviera, its flagship master planned community inspired by the French Mediterranean in MBR City in Dubai. Azizi’s fourth phase of Riviera is built at a project...
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15.05.2021769350 plots sold for USD 58.8 million, 417 apartments and villas sold for USD 222 million. 621 real estate and property transactions amounting to USD 408 million in total were recorded in Dubai during the week ending 10 May, 2021. 50 plots sold for USD 58.8 million, 417 apartments and villas sold for USD 222 million. The largest land transaction...
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14.05.20217899Investors from over 45 nationalities bought apartments in one of the developer's most popular project in Dubai Healthcare City. The development made about USD 100 million in sales. UAE's leading private developer Azizi Developments has announced the sale of 486 out of 645 units at its world-class Creek Views I project in Dubai Healthcare City. The...
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13.05.20217644From January to April 2021 the company recorded sales of over USD 136 million. One of UAE's leading real estate developer, Reportage Properties, recorded sales of over USD 136 million since the beginning of 2021, which is more than 200 percent higher compared to the first four months of 2020, when sales stood at USD 44.9 million. At the moment...
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12.05.20217091The number of off-plan transactions in April increased by 12.9 percent, which was the highest in 14 months. According to UAE's leading real estate portal Property Finder, the real state sector in Dubai witnessed solid activity last month recording a total of 4,832 property transactions worth USD 2.3 billion. Off-plan transactions increased by 12...
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12.05.202117544Real estate in Dubai is rather diverse and unique, as it includes residential and commercial stock, high-rise buildings and detached houses, and the most modern complexes. What’s more, Dubai has shown that it is a serious contender in the real estate sector. Especially, having completed the construction of some of the world’s tallest buildings to...
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11.05.20217499The company is keen to continue providing residential destinations that give residents a comfortable, safe and modern lifestyle. Ras Al Khaimah-based developer RAK Properties announced that its profits had increased by 433 percent during the first quarter of 2021. The company's profit for Q1 2021 amounted to a total of USD 17.4 million compared...
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