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11.12.20224305Dubai's residential real estate market continues to show record sales: a 100,000 square meter plot of land with sea views in Dubai Marina was sold for 690 million dirhams ($187.6 million) at the final stage. This is Dubai's largest residential deal in 2022. This surpasses the 600 million dirhams deal in which Indian billionaire Mukesh...
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11.12.20224117The Real Estate Regulatory Agency has released a set of updated guidelines for real estate professionals in Dubai. This year, major reforms have been carried out in how agents can participate in the purchase, sale or rental of real estate. This includes the landmark decision to limit the number of brokers who can make real estate transactions at...
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11.12.20223594In the week ending December 9, 2022, a total of 3,186 real estate transactions worth 91 billion dirhams were registered in Dubai, according to a report by the Dubai Land Department. In total, according to the data, 419 plots were sold for 2.24 billion dirhams, 2,233 apartments and villas were sold for 4.64 billion dirhams. A plot...
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11.12.20223123The comprehensive plan for the development of rural and wild areas of Dubai has been officially approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum. This area is 2,216 km2 and includes the implementation of complex projects and development initiatives. «We have the most beautiful city in the world. Our goal is to make the Dubai...
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11.12.20223804According to a new report, Dubai's luxury housing market will experience significant double-digit price growth, and by 2023 it will lead global markets. According to Knight Frank's main forecasts for 2023, prices for luxury residential areas will increase by 13.5% in 2023. This is the highest price increase in the world, as cities such as...
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11.12.20224459Dubai's «Billionaires' Row», located on the Front G site in Palm Jumeirah, is now considered «the most exclusive street for the rich and famous of Dubai». Earlier in 2022, another of the branded villas on «Billionaires’ Row» Casa Del Sole was sold for a record amount of 302 million dirhams for the Dubai real estate market amid the rapid...
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11.12.20223326Real estate transactions in Dubai for the week ending November 25, 2022 were estimated at 15 billion dirhams. According to Dubai Land Department data released on Friday, a total of 2,867 transactions were registered during this period. In total, 313 plots were sold for 1.57 billion dirhams during the week, while 1,936 apartments and villas...
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11.12.20222959According to CBRE, the average rental price of real estate in Dubai has increased by more than 27% due to a sharp increase in demand for real estate in Dubai. As tenants have become less inclined to move due to rising prices, the number of renewals has increased and the number of new contracts has decreased. CBRE's monthly survey of Dubai's...
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11.12.20223686A major real estate developer in the Emirate of Sharjah, announced the completion of the 2nd stage of construction of the Al Mamsha Souks project. The complex has been called the first fully pedestrian community in Sharjah, offering a fresh and intriguing look at communal life in the area. The project, located in the center of Sharjah, consists of...
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11.12.20223234Since it takes from 750 to 1000 days for the fastest completion of construction, more and more developers in Dubai are beginning to fulfill their promises and deliver objects on time. Developers who completed their projects last year did so in an average of 4.4 years. Of the 350 active projects, 86 were completed in Dubai in 2021. This led...
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