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31.10.20223047According to data published by the Dubai Land Department, 1,809 real estate transactions totaling 7.3 billion dirhams were completed in the week ending October 7, 2022. 975.52 million dirhams were paid for 98 plots, and 4.47 billion dirhams were paid for 1711 apartments and villas. During the week, the total amount of mortgaged...
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31.10.20223473According to the most recent data, Dubai real estate has maintained high growth rates, and the value of real estate transactions reached a nine-year high in September due to growing demand in the primary and secondary markets. The volume of real estate transactions increased by 13.34% to 8,649 in September 2022, while the value of...
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31.10.20223483According to Mo'asher, in August 2022, the Dubai real estate market experienced the highest monthly rate in the last ten years. Mo'asher is the official Dubai Sale and Rental Price Index issued by Dubai Land Department (DLD). In August 2022, a total of 9,720 purchase and sale transactions were registered in the Dubai real estate market....
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31.10.20223449According to experts, the Dubai real estate market looks likely to regain growth, as the government has eased most of the restrictions associated with the pandemic, which will benefit the tourism, aviation, hospitality, logistics and retail sectors. Analysts, top managers and industry experts said the real estate sector would ultimately...
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31.10.20223345The Opalz project was sold out on the first day of its launch in 2022, reflecting the growing public and investor confidence in the developer and the Dubai real estate sector. Opalz is the 18th project in the developer's investment program. Opals will be built on a 66,985 square meter plot of land in Dubai Science Park, opposite Dubai...
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28.10.20223649A mansion built on the Dubai island of Palm Jumeirah has become the most expensive house ever sold in the emirate, breaking the record for sales of luxury real estate in the city. The mansion is located on the G Palm Jumeirah gable, on the so-called Billionaires’ Row. The villa, known as Casa Del Sole, was sold in July 2022 for 302.5...
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28.10.20223669Buyers of off-plan real estate in Dubai can now apply for a Golden UAE Visa if their investments amount to more than 2 million dirhams. Selected developers and real estate agents can recommend to immigration authorities that these buyers comply with investment recommendations and be granted 10-year resident status. Developers form internal...
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24.10.20223877To attract buyers, developers in Dubai use a term they haven't used for a long time: discount. After the US Federal Reserve rate hike, mortgage rates in the UAE increased by another 0.75%. Some developers are trying to assuage end users' concerns about their mortgage costs by offering direct discounts. These discounts mainly occur in the segment of...
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24.10.20224198According to data provided by Dubai Land Department (DLD), 498 purchase and sale transactions worth 1.24 billion dirhams of the UAE were made on Monday in the Dubai real estate market, as well as 80 mortgage transactions totaling 444.06 million dirhams and 12 gift transactions totaling 65.68 million dirhams. Mortgage loans included 51...
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12.10.20224064In 2022, the global economy faces several serious challenges at once, endangering the very foundation of its operation. One of these challenges is inflation, whose historically high growth rates threaten the production and markets of the majority of the world's countries. Raising interest rates on loans, particularly on mortgages, is one of the...
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