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28.11.20208641The Dubai Land Department's weekly report states, 1,400 real estate and property transactions amounting to $1 billion were registered in Dubai during the last week ending 26 November 2020. 60 plots of land were sold for $112 million and 944 apartments and villas were sold for $430 million, the report points out. The top three transactions were...
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27.11.20208428JLL property consultant presented its latest Global Real Estate Transparency Index (GRETI) 2020. According to JLL Dubai and Abu Dhabi's transparency index has notably increased, the cities are ranked 36th and 48th respectively. This indicates the increasing attractiveness of both emirates as investment hubs within the region. 'As governments and...
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25.11.20208707Primary contractor Gammon & Billimoria starts work on Noor District as sales open and earthworks commence. Deyaar Development PJSC (Deyaar) has announced the start of construction on phases 3 and 4 of its Midtown community development in Dubai. Gammon & Billimoria LLC was chosen as the primary contractor for the project with contracts...
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25.11.202012407Launching of the 510-units project demonstrates the growing interest in premium products in Abu Dhabi's real estate market. Aldar Properties announced on Saturday, its new residential community Noya in the heart of Yas Island, was sold out in four hours on the first day of the public launch. The sales brought over $270 million to the company,...
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24.11.20209477The real estate sector, just like other industries in UAE, has also made a lot of effort to adopt sustainable models and practices. Catering the increasing demand for environment-friendly projects focusing on clean energy, Diamond Developers launched The Sustainable City in Dubai in 2013. Famous for its driverless cars, greenhouses and...
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23.11.20209460The company behind the project is Binghatti Developers. The project covers an area of about one million square feet and features a 35-storey residential tower. Binghatti Developers has started the construction of the second phase of the Binghatti Avenue project in Dubai Healthcare City, Al Jaddaf area with $163 million total investment. The...
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22.11.20209028Arada Developments begins home handovers at phases 4 and 5 of Nasma Residences launched in June 2019. Sharjah-based property development company Arada announced the beginning of home handovers for nearly 500 units in the two last phases at Nasma Residences, the company's best-selling project. Construction on phases 4 and 5 started in June 2019....
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20.11.20205784The first ever d3 Architecture Festival, organised in partnership with the Royal Institute of British Architects Gulf Chapter (RIBA Gulf Chapter), took place in Dubai on 11-14 November 2020. The festival focused on architecture, urbanism, and development. Architecture has played a major role in shaping Dubai’s skyline and UAE’s diversified...
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14.11.202010166Rental market will remain under pressure in the nearest months, analysts predict. Uncertainty in the job market is making UAE residents look for affordable apartments for rent. The latest data show that rents in Abu Dhabi fell basically in all the areas of city, ranging from 4% to 15% in Q3 2020. One-bedroom apartment rent starts from $9,000 and...
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13.11.2020102221,013 villas and townhouses were sold in Dubai in October in both the off-plan and secondary market. The demand for villas and townhouses in Dubai is at an all-time high. The growth started in May, which saw 110 transactions, and since then has increased by 500%, according to Property Finder, a leading real estate portal. The number of...
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