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11.12.20223071According to data provided by the Dubai Land Department (DLD), on Tuesday, November 15, 2022, 553 purchase and sale transactions worth 1.43 billion dirhams were made in the Dubai real estate market, as well as 107 mortgage transactions totaling 387.11 million dirhams and 12 gift transactions totaling 43.73 million dirhams. More than 1.8...
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11.12.20224001Dubai's real estate market continued its growth in October 2022, with prices rising significantly throughout 2022. Average prices rose by 8.5% for apartments and 13% for villas in the year to October 2022, data compiled by the real estate consulting company CBRE showed. On a monthly basis, prices for apartments increased by 1.4%, and for...
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11.12.20223518According to the executive director, the upcoming gaming and integrated resort of the American hotel operator Wynn Resorts in Ras Al Khaimah will be larger than its Las Vegas facility. Construction of the foundation will begin in the middle of next year. In early 2023, he hopes to make rendering, programming, and plans more accessible. At the...
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11.12.20222887According to the data, 4,441 properties worth more than 21.04 billion dirhams were sold in the Abu Dhabi real estate market in the third quarter of 2022. According to the Department of Municipalities and Transport (DMT), the emirate reported 1,995 real estate transactions totaling 5.39 billion dirhams and 2,446 mortgage transactions...
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11.12.20222810A villa on the popular Palm Jumeirah Island in Dubai has been rented for six months for 4 million dirhams ($1.09 million) as rents for luxury properties across the city are skyrocketing. With a one-year lease, this will equal a record 8 million dirhams, surpassing the previous record of 7.5 million dirhams set by a villa in Emirates Hills...
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11.12.20223540The largest developer in the UAE has begun construction of a new skyscraper in Dubai in partnership with the famous jewelry and watch brand Jacob & Co. The building should become the tallest residential building in the world. The height of the Burj Binghatti Jacob & Co Residences complex, which will have more than 100 floors, has...
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02.11.20226231The Dubai real estate market has only continued to gain momentum, driving demand for elite housing units in the third quarter of the current year. For this period of time, the growth in sales peaked at 70 billion AED. These three months have been the most successful in the history of the local market, with an 18% increase if compared to the second...
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01.11.20223747The boom in the Dubai real estate market has lately been drawing increasing numbers of foreign buyers who are looking for a second home and/or a buy-to-rent property. Wealthy Russians have traditionally been particularly active in this market. They are usually interested in beachfront properties, according to Sean McCauley from Devmark Group (a...
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01.11.20223953The Dubai real estate sector is at the very center of growth and activity of the rapidly urbanizing world. According to a Bloomberg report, local real estate prices surged by 89% over the past year alone. In the first half of 2022, the Dubai Land Department registered over 43,000 real estate transactions worth a total of over USD 31.3 billion. The...
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01.11.20223897Laguna Properties, a luxury real estate agency, published a forecast for the Dubai real estate market in the last quarter of 2022. Experts see great promise in the emirate’s segment of luxury residences. Investors are attracted by the status of a safe haven, the past experience of resilience to external shocks, and the capability of mid-term and...
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