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09.07.20233673Elitz 2 will be built in Dubai, offering a choice of small studios, as well as one-two- and three-bedroom apartments. The project consists of two towers with 39 and 45 floors. Elitz 2 will be built in the Jumeirah Village Circle (JVC). The total cost of construction is estimated at AED 900 million ($245 million). The project will use...
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09.07.20233878In the first six months of 2023, the Dubai real estate market set an absolute record in comparison with similar periods of previous years. According to preliminary data, 61,000 transactions were made totaling AED 179.34 billion ($48.83 billion). The record was achieved largely due to the outstanding performance of March, May and June 2023...
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09.07.20232576June 2023 was a record year for Dubai in terms of real estate transactions, despite the Islamic holiday of Eid al-Adha. In June, 10,405 real estate transactions totaling AED 30.3 billion ($8.25 billion) were registered in the emirate. This is the best June figure in history. Prior to that, June 2009 was considered a record with a total...
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06.07.20236826In the United Arab Emirates, real estate transaction statistics for January to May 2023 show a very marked increase compared to the same period in 2022. This applies to both the established, stable market of real estate in Dubai and the rapidly developing Abu Dhabi market. Content: Dubai results Abu Dhabi market results Mortgage transactions...
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05.07.20233472Experts are confident that the Dubai real estate market is not threatened by a sudden collapse or a slowdown. On the contrary, the market will develop for a long time. Positive reasons include the emirate’s rapid population growth, low taxes, and low property prices, which are still far from London, Paris or Hong Kong. Content: Prices and...
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04.07.20238567Real estate in Dubai is in demand among tenants and buyers from around the world. One of the reasons for this is that the UAE is included in the list of the safest locations on Earth. Strict laws are in force here, and the police work is well organized. The consequence of this is a low crime rate. But are there any risks for travellers and expats...
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03.07.20233679Dubai expects rapid development of the protech segment of the real estate market, experts say. New digital solutions will make it possible to manage real estate investments more efficiently and open previously inaccessible opportunities for buyers and investors. By June 2023, Dubai has become home to 55% of all pro tech startups in the...
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03.07.20233282In Abu Dhabi, sales have begun in The Source II residential complex. This is the second stage of The Source project, an expensive residential complex on Saadiyat Island. There will be 148 apartments in the residential complex. Within walking distance of the residents will be the Soul Beach Beach Pavilion (South Beach), the TeamLab...
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03.07.20234379The Floating Seahorse project is due to be completed in Dubai by the end of 2023. These are “floating villas” with underwater floors. In total, the project includes 131 three-storey villas. In each villa, one floor is under water. The area of each villa is about 372 m2, on which there are, among other things, two bedrooms and three...
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03.07.20232992Sales of the third stage in a large residential area of South Bay have started in Dubai. The project belongs to luxury real estate in the center of Dubai, has an artificial lagoon and a coastal zone 3 km long. The new stage is called South Bay Phase 3. It includes more than 200 objects. Among them there are semi-detached villas with four...
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