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22.06.20225317UAE 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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22.06.202211145The 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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21.06.20225545Dubai’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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20.06.20226452Despite 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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20.06.20225618Dubai 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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17.06.20226541For 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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16.06.20228364Extra-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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16.06.202228344When 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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15.06.20226896According 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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15.06.20226095A 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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