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02.04.20232527On March 24, 2023, 3,164 real estate transactions worth 8.6 billion AED were made. This information was provided by Dubai Land Department (DLD). According to DDL data, 2,177 apartments and villas were sold for a total of 4.73 billion AED, while 218 land plots were sold for 1.9 billion AED. The sale of two land plots on Palm...
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02.04.20232578It became known about the launch of a new residential project Waves-2 in Dubai, UAE. The message came after the information about the full sale of off-plan real estate in the first phase of the Waves-1 project development. The developer is Damac Properties. According to the developer, Waves-2 will be built next to Waves-1 in the mega-popular...
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02.04.20232126Higher mortgage rates do not discourage end users from purchasing real estate in Dubai. Even the second 0.25% rate hike on March 22 is unlikely to reduce demand. The status of the Dubai and UAE real estate market as a "safe haven" for investment surpasses all other considerations, market sources say, describing the return of demand for mortgages...
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02.04.20232404Prices for luxury real estate in Dubai are still 20-80% lower compared to such major cities as Monaco, Hong Kong, New York, London, Geneva, Paris, Beijing, Tokyo, etc., despite a significant increase in prices after COVID-2019. According to a report by Knight Frank, for $1 million (3.67 million AED) in Dubai, you can buy 105 sq. m., in Monaco –...
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29.03.20232946UAE banks' interest rates on mortgages have been raised again. The decision was made on March 22. The rate has been increased by 0.25%. This is the ninth increase since February 2022. A real estate loan is available for 6% per annum. The interest rate is equivalent to the return on investment in most of the emirate's real estate, but the measures...
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28.03.20232377The leading developer of Sharjah for the first time put up for sale luxury real estate in its neighboring emirate of Dubai. This is the Sarai Villa complex, which has become the fifth phase of the "forest-themed" megaproject in the Masaar community. Prices in the new complex start from 20 million AED ($5.45 million). Buyers will be offered...
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28.03.20232114Expo City Dubai will be completely pedestrian-friendly, focused on the needs of residents, environmentally self-sufficient and clean. Limited mobility, movement around the territory using buggies, scooters and bicycles will be available to tenants and visitors of Expo City Dubai. A human-centric space free of cars and heavy vehicles, Expo City...
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28.03.20232462People with large capitals have been moving to Dubai en masse for several years. The Emirate has become a haven for ultra-high net worth individuals (UHNWI) who moved here during and post-pandemic. According to recent data, 66.7% of ultra-high net individuals (UHNWI) who have bought real estate in Dubai use it as their main place of residence...
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28.03.20232931The first residential units in Expo City Dubai have a price tag of 1.2 million AED ($330,000) and above. The first phase of the City, which will appear at Expo 2020, was intended exclusively for rent. The announced launch will be the first phase of real estate sale in the Expo Valley and Expo Central communities within the framework of the Dubai...
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28.03.20235169It has been almost 20 years since foreigners began buying real estate in Dubai. The transaction procedure has changed and has become convenient, fast, and transparent. Content: Foreigners choose freehold in Dubai Overall results of 2022 Luxury housing sales in Dubai Business Bay is the best-selling location of the year The most sought-after...
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