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05.03.20235778According to a recent analysis by Savills, Dubai surpassed the world's leading residential real estate markets in 2022, as capital value increased by 12.4% compared to a 3.2% increase in capital value in major cities around the world. The emirate is expected to see a steady increase in capital value in 2023, as Savills expects prices to...
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05.03.20234221Gardenia Townhomes II townhouses, which entered the market at the second stage of construction, are completely sold out. The project, which is part of the Wasl Gate Master Development project in Jebel Ali, is scheduled to be completed in Q3 2024. The cost of townhouses under construction starts from AED 2.9 million, while the tempting payment plan...
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05.03.20234852The launch of 2 of the 12 projects that the Dubai developer has planned for 2023 has already begun. Their names were inspired by the Greek islands. The construction of the Santorini and Mykonos projects in Dubai Studio City will cost AED 320 million. During the construction, environmental features and energy efficiency were taken into...
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05.03.20235976The legendary Emirates Palace Hotel in Abu Dhabi was named Emirates Palace Mandarin Oriental. With the name change, the owner of the hotel hopes to restore its position as the "iconic beach resort in the world". "Emirates Palace Mandarin Oriental in Abu Dhabi marks an important milestone for the brand and confirms our commitment to the...
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03.03.20235393Dubai had a population of 3.55 million in 2022, and it continues to grow rapidly as the city has become a second home for many expats. As the growing demand for housing exceeds the supply in the real estate market in Dubai, leading developers have launched several new residential developments, including Dubai Ritz-Carlton Residences, Mama...
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02.03.202312812Dubai has become the world’s most sought-after place among international home buyers and investors. The market of real estate in Dubai continues to grow thanks to the numerous investment-attractive opportunities, the climate and the transparent investment processes. The large worldwide investments in 2022 ensure that Dubai, and its new development...
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01.03.20231636Jumeirah Lake Towers is re-launching a large number of new facilities. The most expensive apartments cost more than AED 2 million. Verde Tower is a 58-storey building that will be located opposite Cluster H. The developer, who has recently been busy with off-plan launches, expects Verde sales to amount to AED 1.6 billion. These included...
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01.03.20235130According to the Dubai Land Department (DLD), on Monday, February 20, 2023, 561 purchase and sale transactions totaling AED 1.7 billion were made in the Dubai real estate market, as well as 100 mortgage transactions totaling AED 94.43 million and 61 gift transactions totaling AED 65.91 million. 34 plots of land worth AED 268.94 million and...
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01.03.20235201Along with food and clothing, housing is one of the most pressing basic human needs. Against the backdrop of such planetary problems as climate change, loss of biodiversity and environmental pollution, the world today is also facing a double blow of population growth – projected to reach 8.6 billion in 2030 and 9.8 billion by 2050 – and growing...
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01.03.20234812The rent in Palm Jumeirah continues to rise in 2023. The penthouse in the One at Palm skyscraper was rented for AED 1.7 million per month. The deal represents one of the largest single apartment rental deals in Dubai this year. Despite the high rent, the 4-bedroom penthouse with an area of 445 square meters was in demand because it was the...
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