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04.12.20213857The decision to keep Dubai open to tourism amid the pandemic, combined with low mortgage interest rates, attractive prices, the upcoming World Expo opening and strong demand from both local and foreign buyers, has given an extraordinary boost to the last months of the real estate market of this emirate. Dubai authorities said that the value of...
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03.12.20213654According to the latest data, November has become the busiest month in terms of property sales in the last eight years on Dubai property market, as buyers continued to buy villas and apartments. Dubai has seen 6,388 deals worth AED 14.79 billion ($ 4 billion), the highest level since December 2013. Transactions volume for the month...
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02.12.20213786Experts speak of a strong interest in the luxury real estate market. The Palm Jumeirah Villa in Dubai has been sold for over AED 100 million ($ 27 million). The family residence was acquired by European buyers who wished to remain anonymous. The seven-bedroom, nine-bathroom home is set on a nearly 20,800-square-foot plot and includes a sauna, a...
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01.12.20214268The buyer is a Russian citizen. The land plot on Jumeirah Bay Island was sold in Dubai to double its original price to a Russian buyer: AED 61 million. The oceanfront plot LV11 is one of the few remaining on the site. Initially bought for AED 34 million, the recently concluded sale rose to AED 61 million in six months, “making it the most...
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30.11.20214441After Dubai was locked down a few months ago, Dubai property buyers should look at the current situation and developments in the Dubai property market that can be expected in short to medium term. A minor weakness of the US dollar against major world currencies, as measured by the so-called dollar index, has made real estate in Dubai cheaper. It...
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30.11.20214075It is reported that the fastest rise in property prices in the world was observed in Dubai last year. Dubai is one of the centers of attraction in the Middle East in terms of trade and tourism. According to the global housing index published by the consulting company Knight Frank, property prices in Dubai, the commercial heart of the United Arab...
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25.11.20213961166 plots sold for USD 274 million, 1,684 apartments and villas sold for USD 1.04 billion. 2,283 real estate and property transactions amounting to USD 1.9 billion in total were recorded in Dubai during the week from 18 to 25 November, 2021. According to the Dubai Land Department's weekly report, 166 plots sold for USD 274 million, 1,684...
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24.11.20213859To date the value of property sales transactions exceed 2020 as a whole by 43.4 percent. Amid the ongoing Expo 2020, the largest global event and the first-of-its-kind in the Middle East, the Dubai real estate market continued to record new achievements and further growth of real estate sales transactions volumes. October 2021 recorded 5,352 sales...
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23.11.20213653This situation is an ideal opportunity for investors to expand their Dubai portfolios and profit from short-term rentals. For those who plan to book a holiday home in Dubai during the second half of December, here’s a piece of advice – do it as fast as you can. That’s because short-stay or holiday home rentals are recording almost overnight gains...
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22.11.20213730A move to electronic real estate transactions will significantly reduce the time required to complete transactions. Dubai’s property market is moving towards digitalization, where one can buy, sell and register property through digital ways. This is what the Dubai Land Department mentioned at Cityscape Global 2021. The whole process for potential...
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