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05.06.20232799According to experts, the average rent for a 1-bedroom apartment in the UAE varies from AED 35,000 to AED 40,000 per year ($9,530 - 10,900), while an additional surcharge of 20% or more may be charged for new apartments. Tenants in the UAE are increasingly moving to higher-quality real estate, increasing rents in new buildings and Class A...
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05.06.20233341Tenants in Dubai are increasingly seeking to buy property in the property, fearing eviction from landlords due to rising rents, said Richard Wade, managing director of the group of companies in the Dubai real estate sector. According to the group's report for Q1 2023, the supply of new residential units remains limited in both the sales and...
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05.06.20232535Dubai's leading private developer, Danube Properties, expanded its portfolio of branded residential projects yesterday by launching the ultra-luxury Fashionz tower in partnership with FashionTV in the wake of the leading demand for luxury and branded residential real estate in the local real estate market. Located in Jumeirah Village...
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05.06.20232630From penthouses in the city center to real estate by the sea on Palm Jumeirah — luxury housing for a short time is popular — and dictates the appropriate rental rates. However, the situation is changing as inexpensive locations for short rentals appear that attract travelers. Landlords offering short-term rentals in Dubai on this Eid...
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05.06.20232454Real estate transactions in Dubai jumped by 80% to 157 billion AED in the first quarter of 2023, compared with 87 billion AED received from the sale of real estate in the emirate in the same period of 2022. The emirate's real estate market has experienced unprecedented growth, which began last year and will not weaken in 2023. The number of...
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05.06.20233167The property, located within a 15-minute walk from Dubai Metro stations, has increased in price by up to 77% over the past five years. According to a study published by CBRE consulting company, real estate prices located within a 15-minute walk from the Dubai Red Line metro station increased by an average of 26.7% in the period from Q1...
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31.05.20235120Al Habtoor Group announced the construction of one of the world’s tallest residential towers. The project called Habtoor Tower will have 81 floors and have an area of about 327,000 sq. m. The building will include a total of 1,701 residential units. At the moment, there is no information about its height and price. Content: Location Project...
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24.05.20233613In Q1 2023, the value of real estate transactions in the capital of the UAE increased by 147% compared to the same indicator in 2022, and the concluded purchase and sale agreements increased by 66%. Such data is contained in the report of the Department of Municipalities and Transport of the Emirate. Compared to Q4 2022, in the first 3 months of...
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17.05.20239333In Dubai, 30,767 housing purchase and sale agreements were completed in the first three months of this year, totaling AED 87.9 billion ($ 23.96 billion). Rent in the villa segment rose by 89% while housing costs grew by 24%. This is in accordance with information released by the emirate's Land Department. Content: Most Sought-After Areas: Dubai...
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10.05.20234589According to the latest report from the CBRE consultancy, the average apartment prices in Dubai rose 14.5% to AED 1,256 (342%) per square foot, while average villa prices rose 14.9% to AED 1,484 ($404) per square foot per annum. The pace of sales on a monthly basis also accelerated, with apartment prices up 1.8% and villas up 2%. Although the...
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