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14.03.20225963Sales of properties worth $10 million or more reached a record high in Dubai in 2021. According to Knight Frank, 93 luxury homes were sold in 2021, which is more than in the last five years combined. In fact, according to the data, 2021 accounted for 39% of all $10 million real estate sales in Dubai since 2010. In general, more...
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14.03.20225201According to Dubai Land Department (DLD), real estate transactions worth 13.4 billion dirhams were made over the past week. The weekly DLD report states that the number of transactions amounted to 2,333. 245 land plots were sold for 2.09 billion dirhams, 1,542 apartments and villas were sold for 3.29 billion dirhams. The three...
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14.03.20225133Dubai's real estate sector attracted a total of 38,318 foreign investors, who made 51,553 new investments worth more than 99 billion dirhams ($53 billion). International Property Show (IPS), which will be held from March 24 to 26, will become a powerful platform that will connect local and international developers with real estate...
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09.03.20226090It is expected that in Arabian Ranches 2, Damac Hills and Jumeirah Islands, villas will remain popular for rent in 2022, while Business Bay, Al Karama and Dubai Marina are likely to dominate the apartment segment due to their advantageous location in an affordable price range. Real estate experts believe that the first-ever official...
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09.03.20225584According to Knight Frank, sales of luxury homes in Dubai worth more than USD 10 million have reached a record high. In 2021, more than 52,000 transactions with apartments and villas totaling AED 114.2 billion were registered in the Dubai residential real estate market, which is more than in 2019 and 2020. «Wealthy investors around the...
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09.03.20225140Dubai Lagoon is located on a land plot where the value of real estate has been steadily increasing over the years. According to investors, the first building on the territory of Dubai Lagoon, a project launched in 2005, may be commissioned in the near future. The initial project was supposed to be implemented in stages from 2008,...
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09.03.20225725Fees for services for property owners and investors in development projects were reduced by 26.4% during 2020 and 2021. According to the Department of Municipalities and Transport (DMT), service charges were reduced by 18.1% in 2020, and another reduction of 8.3% was introduced in 2021. Reduced maintenance fees have resulted in property...
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03.03.20225296On Wednesday, Hayyan launched its new project worth 3.5 billion dirhams, which will house the largest blue water lagoon and the largest public park in Sharjah. The project covers an area of 8.7 million square feet, accommodates a total of 1,836 villas located in three different zones. The construction is expected to be completed in the...
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03.03.20225233Prices for luxury housing in Dubai increased by 44% in 2021, due to increased demand from wealthy buyers, as the emirate's real estate market continues to recover after COVID-2019, amid government initiatives and effective response to the pandemic in the country. Record growth in prices for luxury housing helped Dubai to take first place...
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03.03.20225943According to a new report by Knight Frank, published on Tuesday, prices for luxury housing in Dubai increased in 2021, outpacing the growth in the luxury real estate markets in the United States. Such an increase in prices was due to the «relentless demand» from wealthy buyers who are attracted by the good quality of life in the emirate,...
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