News

  • Experts estimate that in May 2023, real estate transactions worth AED 2.4 billion ($653.4 million) were made in Sharjah.   A total of 3,540 transactions took place in all cities and districts of the emirate. Such data was collected by Sharjah Real Estate Registration Department (SRERD).   According to the department's report, the real...

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  • Dubai's off-plan project market expects further growth, while the finished real estate market should slow down and reach a plateau. This forecast for the results of May is given by analysts from Dubai, based on several factors. Experts believe that the off-plan real estate market will continue to grow due to the multitude of new houses under...

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  • In Dubai, a new area of luxury real estate will appear on the artificial archipelago of Palm Jebel Ali. This was announced by His Highness Sheikh Mohammed bin Saeed Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai.   Palm Jebel Ali will be about twice the size of the elite Palm Jumeirah area. In Palm Jebel Ali, the...

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  • In Abu Dhabi, the Century Village residential complex will appear on Al Reem Island. The project is designed specifically for workers in such areas as healthcare, transport, and the hospitality industry. It is now in demand in the capital of the UAE the most.   The project will cost AED 320 million ($87 million) and will provide housing for...

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  • A new project designed for wealthy real estate buyers will appear in Dubai. We are talking about the Sobha Hartland II project, which will take a total of 743,000 m2. At the same time, about 30% of each individual plot will take landscaping.   The project provides villas with five and six bedrooms, as well as four-bedroom apartments....

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  • A villa worth AED 749 million ($204 million) was put up for sale in Dubai. At the moment, this is the most expensive house in Dubai, despite the growth of the luxury real estate market.   For $204 million, the buyer will receive a mansion in the Versailles style (also known as French Baroque) with an area of 5,574 m2 on a land plot with...

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  • Real estate prices have increased by 46% in six months compared to the same period last year in Dubai.   Contrary to numerous forecasts, the growth of the real estate sector in Dubai did not slowdown in 2023. In the period from January to the beginning of June, the growth amounted to AED 93 billion ($28 billion), which is 47% higher than in...

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  • In Dubai, land plots intended for luxury homes have doubled in price, in some areas - four times. The reason is the huge demand and low supply; now there are practically no suitable sites left.   Recently, there has been a boom in off-plan real estate in Dubai, analysts say. Local developers have several new projects and they are actively...

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  • Experts expect that about 4,500 wealthy foreigners will move to the United Arab Emirates in 2023.   It is expected that the UAE will be in second place in the world in terms of the influx of migrants with a fortune of more than $1 million. Australia will be in first place at the end of the year, Singapore will be in third, and the United...

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  • In Dubai, average prices for some types of real estate have overtaken the record figures of 2014. First of all, this applies to villas and apartments in expensive areas.   According to the Dubai Land Department, the average price of villas in May 2023 was set at around AED 2.5 million ($680,000). Experts note that this is 5% higher than the...

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