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24.06.20223930Currently, over 700,000 residential units have been sold in the UAE. The construction sector needs to market 25,000 to 30,000 properties to accommodate a growing population every year. And although the market has been booming recently in terms of construction volumes and increased demand, its future becomes more and more foggy because of global...
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24.06.20222911Dubai’s real estate market witnessed 6,651 real estate transactions worth $4.98 billion (AED 18.3 billion) in May 2022, marking the highest figures for the month of May in 13 years in terms of real estate sales volume and value. The transaction figures reported in May 2022 also marks a 51.5 percent increase year-on-year for sales volume and a 65.4...
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23.06.20222707The real estate and properties transactions were valued at AED6.7 billion in total during the week ending Friday, 17th June. The sum of transactions was 2,423, data released by Dubai's Land Department (DLD) showed. The sales included 213 plots sold for AED1.03 billion, as well as 1,652 apartments and villas sold for AED3.8 billion. The top three...
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22.06.20222505UAE property market growth still soars in 2022. During 2021, Dubai recorded over 52,000 apartment and villa real estate transactions, totalling Dh114.2 billion, which was more than the total for 2019 and 2020 combined. Meanwhile, about 15,000 property transactions tallying to a total value of Dh71.5 billion dirhams were recorded in Abu Dhabi last...
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22.06.20225899The year 2022 continued the positive trend of 2021’s success and paved a new path for the real estate market in the UAE. This post highlights the records of two of the most outstanding emirates – Abu Dhabi and Dubai – that demonstrated tremendous growth across the key areas of the real estate market in H1 2022. Content: Growth Drivers in Abu...
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21.06.20222578Dubai’s real estate market is experiencing highs in transactions and rents, according to a new report. There were 30,903 residential real estate transactions from January through May in the United Arab Emirates’ largest city. This was the highest figure since 2009 over the same period. In May alone, there were 5,542 residential real estate...
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20.06.20223039Despite the decline in real estate transactions in April and May of this year, the Dubai’s sector earned $16,800,000,000 from January to May. During the year, it is forecast that GDP growth will reach 6% in the market, as well as in Abu Dhabi, the capital of the United Arab Emirates. Content: Reasons for the increase Business...
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20.06.20222489Dubai real estate market recorded 501 sales transactions worth AED1.2 billion, in addition to 117 mortgage deals of AED278.84 million, and eight gift deals amounting to AED7.69 million on Monday, data released by the Dubai Land Department (DLD) showed. In 2021, the number of houses with a price of $10 million exceeded the cumulative figure of...
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17.06.20223047For the week of June 6–10, 2022, the total value of real estate transactions was AED 8.7 billion ($2.3 billion). 2,369 transactions were completed overall during this time. For AED 1.26 billion ($343 million), 262 land plots were auctioned. For AED 3.4 billion ($925.6 million), 1,572 flats and villas were sold. Content: The most expensive...
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16.06.20223732Extra-premium real estate in One Za'Abeel One&Only Sales is put up for sale. It is a project that entered the Guinness Book of Records. Currently, the buildings are under construction. The end of construction is expected in 2023, but investors and buyers interested in the greatest possible luxury can purchase a home right away...
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