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31.01.20224918According to the consulting company ValuStrat, the cost of villas and apartments in Abu Dhabi has increased significantly over the past five years in the fourth quarter of 2021, which was facilitated by the economic recovery of the UAE. The ValuStrat Price Index (VPI) for Abu Dhabi, which tracked five cottage settlements and five...
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31.01.20225536Recently, a multi-billion-dollar resort development project was announced on the artificial island of Al-Marjan in Ras Al-Khaimah. The multifunctional integrated resort, scheduled to open in 2026, will be the largest foreign investment of its kind in Ras Al-Khaimah. The planned location will include a luxury hotel with more than 1,000 rooms, a...
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31.01.20225601287 plots were sold for 1.08 billion dirhams, while 1,059 apartments and villas were bought for 2.25 billion dirhams. TOP-3 deals included a plot of land in Al Hebiah Fifth, sold for 190 million dirhams, then a plot of land that was sold for 45 million dirhams in Al Thanyah First, as well as a plot sold for 190 million dirhams in Al Hebiah...
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22.01.20225693Dubai's luxury real estate market in 2021 showed the third largest price increase among cities in the world, and first-class residential communities promise to become a safe haven for investment in 2022. The city's real estate market is expected to achieve capital growth of 4 to 5.9% this year in 2022, after a 17.4% growth in 2021, as the...
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22.01.20226038The cost of villas and apartments in Dubai increased in the fourth quarter of last year: the largest annual capital gains were recorded in relatively old gated communities such as Arabian Ranches (34.1%), Jumeirah Islands (33.9%), The Lakes (31.2%) and Palm Jumeirah (27.6%), according to the real estate consulting company ValuStrat. The...
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19.01.20225835UAE landlords are gradually increasing the amount of the advance payment and refusing more cheques. In fact, some landlords are even willing to offer a price reduction if it means paying the full cost of the annual rent with one cheque. The renter cannot be held liable for non-payment, as a result of which landlords begin to...
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19.01.20225475According to Arabian Ranches, real estate prices in the most popular areas of Dubai have increased by 35% during 2021. Dubai's real estate sector has recorded a «phenomenal» increase in rental and sale prices in well-known areas of the UAE. In the affordable segment, the most sought-after areas for potential buyers were Damac Hills 2 and...
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17.01.20225564Real estate transactions in Dubai in 2021 amounted to about 151 billion dirhams (41.1 billion US dollars), which is the highest figure since 2009. According to some reports, the total number of transactions last year reached 61,241, which is the highest figure since 2013. This value jumped by 110% compared to 2020, while the total number...
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17.01.20225103219 plots for 1.12 billion dirhams UAE, 1022 apartments and villas were sold for 2.25 billion dirhams UAE. Jabal Ali First recorded the largest number of transactions over the past week, 99 purchase and sale transactions worth 227.19 million dirhams were made, followed by Al Hebiah Fifth with 44 purchase and sale transactions worth 97.93...
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17.01.20226112The pace of sales in the Dubai real estate market at the beginning of 2022 is not decreasing. The land plot in Jumeirah Bay was sold for a colossal sum of 150 million dirhams. The deal was concluded just a few weeks after another land plot was sold there for 80 million dirhams. The last sold plot with a total area of 47,000 square meters...
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