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01.03.202126121When you plan to invest in housing in the United Arab Emirates to earn money, the most important issues to consider are apartment prices and the condition of the local real estate market. Before you buy a property in order to resell or rent it out, you need to study the average cost per square meter as well as what volume of housing in different...
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01.03.20217861According to the new survey, the majority of UAE residents believe that rents and property prices almost bottomed out and will either stabilize or go up over the next 12 months. The study, released by Peninsula Research, showed that 53 percent of UAE residents expect prices and rents to become stable or go up in the next year. These results...
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28.02.20218319The company said tenants could also take advantage of a 20 percent food and beverage discount at the adjacent five-star Oaks Ibn Battuta Gate Dubai Hotel. Luxury residential and hospitality property developer Seven Tides has launched attractive new rental rates, with a two-month rent free period, for new tenants at Discovery Gardens and The...
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27.02.2021887350 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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26.02.20217795145 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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25.02.20218703Despite 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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24.02.20218755According 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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22.02.20217707The 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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22.02.2021134363Is 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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21.02.20218131Dubai'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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