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05.09.20226225Dubai's real estate market remained stable and ranked fourth in the world in terms of the growth in the cost of luxury housing in the first half of the year, as prices rose by 4.7% compared to an average of 2.4% in 30 cities around the world, as the emirate attracted wealthy individuals and investors after a successful strategy to combat COVID-19...
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31.08.20226527As the demand for villas in Dubai is unabated and the supply is gradually being exhausted, Dubai developers are getting ready to launch new promising projects. And not a moment too soon! Market analysts forecast that the demand in this sector, including medium-priced and premium-class properties, will remain unchanged in the nearest future...
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29.08.20225483The Sharjah Municipality reported that the percentage of lease agreements in the city of Sharjah increased by 6% in the first half of this year compared to the first half of last year. Sharjah Municipality has made it easier for dealers to ratify these contracts in various ways, which supports its goal of increasing the attractiveness of...
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29.08.20225703On Wednesday, August 3, 2022, it was announced that a four-bedroom house on Jumeirah Bay Island in Dubai was sold for 55 million dirhams at a price of 7,775 dirhams per square meter. The sale of Bvlgari mansion takes place due to the fact that prices on the island of Jumeirah Bay have increased by 44.3% per square meter (from 4,502 dirhams...
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29.08.20225475During the week ending August 5, 2022, real estate and real estate transactions totaling 5.3 billion dirhams of the UAE were made. A total of 2,247 transactions were made. 1,510 apartments and villas were sold for 2.79 billion dirhams, while 255 plots were sold for 1.24 billion dirhams. In Al Khaimah 5, the most transactions were...
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29.08.20224972According to a recent study, residents looking for affordable housing in the emirate preferred Jumeirah Village Circle. Rental prices in the region located south of Dubai increased by 7-16%, averaging 34,000 dirhams, 48,000 dirhams and 70,000 dirhams per studio, one-bedroom and two-bedroom apartments. With an increase from 2% to...
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29.08.20225699According to Mo'asher, the official Dubai sales and Rental Price Index, a total of 8,897 purchase and sale transactions worth 22.75 billion dirhams were made in the Dubai real estate market, which is the largest number of purchase and sale transactions for June in the last nine years. Almost 40% of all purchase and sale transactions were...
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28.08.20226140While hopes of the pandemic ending were premature, 2021 nevertheless marked the year of economic recovery. The Middle Eastern economies rebounded during 2021 and into 2022, led by a surge in energy prices in Saudi Arabia as global demand for oil and natural gas increased strongly, and widespread air travel returned. The rising cost of oil per...
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27.08.20226637Abu Dhabi-based real estate developer Aldar Properties has acquired a high-end island resort in the UAE capital, as well as two luxury islands intended for residential development. The company said it acquired Nurai Island, a private island just a few kilometres north of Saadiyat only accessible by sea. It is home to the exclusive beachfront hotel...
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26.08.20225258Dubai’s property sector is set to be in the spotlight again with the expected IPO of a key business park operator. Dubai Holding’s Tecom Group, home to 7,500 companies, may announce its intention to float this week. Bankers describe the IPO as a key test of whether Dubai has truly drawn a line under its devastating 2009 crash. But Tecom’s listing...
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