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03.03.20226624The construction of the 365-meter-high Ciel Tower in Dubai, which is to become the tallest freestanding hotel in the world, has reached an intermediate stage - 52 floors. The work on the megaproject at Dubai Marina is in full swing in order to meet the planned completion date in the fourth quarter of 2023, and the opening of the hotel in the first...
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03.03.20225248The Dubai real estate market registered 294 purchase and sale transactions worth 666.33 million dirhams and mortgage transactions worth 915.77 million dirhams on Monday, data released by Dubai Land Department (DLD) showed. Sales included 265 villas and apartments worth 556.45 million dirhams and 29 land plots worth 109.88 million dirhams,...
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28.02.20225577Dubai Land Department (DLD) has released the 1st edition of Dubai's first ever official Residential Rental Performance Index (RRPI). In January 2022, the total monthly index was 0.938, and the index price was AED 51.101. The monthly index of apartments was 0.943 and the index price was AED 46.994, while the monthly index of...
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28.02.20226346Saudi Arabia and the UAE continue to lead the real estate market in the Middle East region, relying on government initiatives and developing market dynamics. Real estate experts are largely optimistic about the prospects for future growth of the real estate sector, as both countries continue their main measures to diversify the economy...
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28.02.20225374Real estate prices in Dubai rose by 33.4% in January to an average of 1,575 dirhams per square meter, as the housing market remained stable amid a rapid economic recovery in the emirate. Luxury real estate prices increased by 35.1%, while the affordable and budget segments registered an increase of 37.2% and 15.7% year-on-year...
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24.02.20225888According to the latest data, the Dubai real estate market continued its growth in January 2022, as housing prices and rents have increased since the beginning of 2015. The residential real estate market recorded an increase in transaction volumes by 80.2% year-on-year last month, as off-plan real estate sales, as well as sales in the secondary...
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24.02.20225674Dubai has consolidated its position as one of the best cities for expats due to its high quality of life, safe environment, excellent infrastructure, successful pandemic strategy and the introduction of visa and labor reforms. The stable economy of the emirate, which is expected to grow to 4.5% in 2022, is one of the main reasons...
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24.02.20226799The Department of Municipalities and Transport (DPT) has launched the first of its kind platform to ensure transparency in the Abu Dhabi real estate sector. Due to DARI digital services system, community members can be protected from any real estate fraud, unscrupulous agents, online ads about non-existent projects and proposals. On the...
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24.02.20225699The total value of Abu Dhabi real estate transactions exceeded 71 billion dirhams last year, with higher growth expected in 2022. In 2021, a total of 14,958 transactions worth 71.5 billion dirhams were made, reflecting a positive trend in the context of the pandemic, said Adeeb Al Afifi, executive director of real estate at the...
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24.02.20225120Buyers snapped up real estate in Dubai with a total value of 4.5 billion dirhams ($1.2 billion) in a week, the Dubai Land Department (DLD) said on Friday. The property includes 252 plots worth 1.1 billion dirhams, as well as 1,437 apartments and villas worth 2.47 billion dirhams. It was sold during the previous week. The...
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