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27.02.2021541650 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 launch...
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26.02.20214956145 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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25.02.20215714Despite 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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24.02.20215576According 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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22.02.20214943The 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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22.02.2021112028Is it expensive to live in the UAE ? What are the prices here? Many people planning to relocate to this country are wondering, what is the average salary in the UAE? The average income here is AED 20,000 (about $5,500). This is higher than in many countries around the world; however, the cost of many essential daily items, such as food,...
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21.02.20215588Dubai'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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20.02.20214635The 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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19.02.20215115In 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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18.02.2021479080 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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