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22.11.20214490A 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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21.11.20214715Investor-friendly government policies have a positive impact on the investment environment in the country. Kuwait Financial Centre Markaz announced the launch of its 'UAE Real Estate Outlook H1 2021' report that features indicators of positive signs of the country’s real estate sector sustained recovery. The report points out that there was a...
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20.11.20215414The easing of COVID-19 restrictions and increase in international visitors are two of the key drivers of growing consumer confidence in Dubai and Abu Dhabi. In the recent months Dubai has witnessed a steady increase in the number of tourists and business travelers driven largely by Expo 2020 which recorded about one million visitors in the first...
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19.11.20214856The real estate market of the emirate is making a slow but steady recovery. A year after bottoming out, the Dubai property market continues to recover as prices increased by just under 1 percent in October to stand at USD 266 per square foot. After a massive 2.51 percent gain in June, monthly price growth continues to gradually lose momentum and...
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18.11.20214012156 plots sold for USD 232 million, 1,423 apartments and villas sold for USD 852 million. 1,969 real estate and property transactions amounting to USD 1.7 billion in total were recorded in Dubai during the week from 11 to 18 November, 2021. According to the Dubai Land Department's weekly report, 156 plots sold for USD 232 million, 1,423...
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17.11.20214363High net worth individuals still consider Dubai the number one destination for property investment. Dubai is seeing strong demand for luxury properties especially from international buyers primarily from the CIS, the UK and other parts of Europe including France, Germany and Austria. This is a good example of the fact that high net worth...
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16.11.20213814According to the latest findings, total residential transaction value in Dubai increased by 10 percent quarter-on-quarter. Dubai's pandemic response, overall quality of life and recent visa reforms are among the main reasons why the residential real estate market of the emirate achieved near-record transactions over Q3 2021. According to the...
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15.11.20214571The project surveyed 28,835 buildings, 102,523 villas, 61,321 vacant plots, 773 parking lands, and 6,943 under construction land plots. Last Saturday the Dubai Land Department (DLD) launched a project called Building Classification Survey (BCS) that will cover all 150,000 land plots across the emirate. It will cover all residential, commercial,...
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14.11.20213847In the latter half of the year sales prices for residential properties have showed increases of up to 4 percent. Following the ease of travel restrictions in Abu Dhabi, the capital’s real estate market has been on a steady upward trajectory in the latter half of the year with sales prices for residential properties showing increases of up to 4...
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13.11.20214105India, Pakistan, UK and China are among top non-Arab countries that invest in the emirate's property sector. Dubai's real estate market has retained its position as a perfect overseas investment destination among various Arab and non-Arab countries for many years now. This can be seen from the fact that it ranked among the top three global...
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