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21.06.20224220Dubai’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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20.06.20224961Despite 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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20.06.20224164Dubai 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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17.06.20225218For 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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16.06.20226497Extra-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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16.06.202223364When buying or renting real estate in Dubai, one of the essential items on the to-do list is connecting to utilities. In Dubai, issues of water supply, electricity supply, and sewerage are regulated by the Dubai Electricity and Water Authority (DEWA). The DEWA is a public company and the only utility services provider in Dubai...
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15.06.20225491According to real estate experts, the UAE real estate market still offers several attractive opportunities, especially for international investors who have arrived in the country for the first time at the Expo 2020 mega-event. Many visitors were here not only at Expo-2020, but also sought to explore business and investment opportunities...
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15.06.20224748A villa in Dubai Hills has been sold for a whopping 128 million dirhams, making it the most expensive villa to be sold in the area this year to date. A seven-bedroom mansion with an area of 34,113 square meters, located on a plot of 42,518 square meters, was sold brand new. The villa is decorated in a modern and classic style and features...
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15.06.20224847According to market analysts, real estate market activity in Abu Dhabi and Dubai remained high in the first three months of 2022 amid a number of government initiatives, economic growth and improving market sentiment. According to real estate market experts, in the first quarter of 2022, about 3,800 residential units were commissioned in the Abu...
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15.06.20224840It is expected that following the results of the first five months of 2022, transactions with villas and apartments in the amount of 61.9 million dirhams will be registered in the Dubai residential real estate market. This will happen despite a record surge in global inflation. Real estate consultant Knight Frank believes that the impact...
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