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05.09.20223278The single largest sale of residential land on Jumeirah Bay Island, which occupies 46,222 square meters of prime coastal location, was closed for 180 million dirhams ($50 million). Jumeirah Bay offers first-class real estate on the seashore for wealthy people. The sale of this plot on the island of Jumeirah Bay broke the previous record of...
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05.09.20225472A radical idea developed by the architectural firm Zero Space will transform the Dubai skyline. Downtown Circle, a 550-meter-high ring that will surround the Burj Khalifa. This idea is designed to challenge the generally accepted notions of skyscraper housing and gated communities. In addition, sustainability and self-sufficiency are the...
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05.09.20222312The total value of real estate transactions for the week ended August 19, 2022, amounted to 10.3 billion dirhams. A total of 3,149 transactions were made. 2,239 apartments and villas were sold for 3.94 billion dirhams, while 344 plots were sold for 2.55 billion dirhams. The top three deals included the sale of land in Al Wasl for...
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05.09.20222603The UAE has tightened the rules for investing in real estate and asked real estate agents, brokers and law firms to report cash transactions in the amount of 55,000 dirhams and above to the UAE Financial Intelligence Unit. The Government has announced new reporting requirements for certain real estate transactions in order to strengthen...
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05.09.20223209Dubai's real estate market remained stable and ranked fourth in the world in terms of the growth in the cost of luxury housing in the first half of the year, as prices rose by 4.7% compared to an average of 2.4% in 30 cities around the world, as the emirate attracted wealthy individuals and investors after a successful strategy to combat COVID-19...
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31.08.20223778As the demand for villas in Dubai is unabated and the supply is gradually being exhausted, Dubai developers are getting ready to launch new promising projects. And not a moment too soon! Market analysts forecast that the demand in this sector, including medium-priced and premium-class properties, will remain unchanged in the nearest future...
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29.08.20223157The Sharjah Municipality reported that the percentage of lease agreements in the city of Sharjah increased by 6% in the first half of this year compared to the first half of last year. Sharjah Municipality has made it easier for dealers to ratify these contracts in various ways, which supports its goal of increasing the attractiveness of...
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29.08.20223154On Wednesday, August 3, 2022, it was announced that a four-bedroom house on Jumeirah Bay Island in Dubai was sold for 55 million dirhams at a price of 7,775 dirhams per square meter. The sale of Bvlgari mansion takes place due to the fact that prices on the island of Jumeirah Bay have increased by 44.3% per square meter (from 4,502 dirhams...
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29.08.20222891During the week ending August 5, 2022, real estate and real estate transactions totaling 5.3 billion dirhams of the UAE were made. A total of 2,247 transactions were made. 1,510 apartments and villas were sold for 2.79 billion dirhams, while 255 plots were sold for 1.24 billion dirhams. In Al Khaimah 5, the most transactions were...
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29.08.20222831According to a recent study, residents looking for affordable housing in the emirate preferred Jumeirah Village Circle. Rental prices in the region located south of Dubai increased by 7-16%, averaging 34,000 dirhams, 48,000 dirhams and 70,000 dirhams per studio, one-bedroom and two-bedroom apartments. With an increase from 2% to...
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