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31.01.20225107Dubai's real estate market is expected to grow in 2022, despite COVID-19 causing uncertainty in the market, as strategic government initiatives, visa reforms, a sustainable economy and a successful strategy to combat the pandemic will continue to attract global investors. Recent data show that the decline in the loan-to-value ratio and the...
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31.01.20225773DMC's Uptown Tower has reached a height of 329 meters and is being prepared for completion in the third quarter of 2022. The 79-storey tower is expected to become the first ultra-tall tower in the center of Dubai, a new area near the Jumeirah Lakes Towers, Jumeirah Park and the Jumeirah Islands in the south of the city. Uptown Tower...
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31.01.20225225Dubai Land Department (DLD) has signed memorandums of understanding with companies specializing in providing intelligent and advanced real estate solutions. As part of the memorandum, the companies will provide high-quality, interactive data on real estate prices by region and in accordance with the construction of real estate, including...
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31.01.20225081According to the consulting company ValuStrat, the cost of villas and apartments in Abu Dhabi has increased significantly over the past five years in the fourth quarter of 2021, which was facilitated by the economic recovery of the UAE. The ValuStrat Price Index (VPI) for Abu Dhabi, which tracked five cottage settlements and five...
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31.01.20225734Recently, a multi-billion-dollar resort development project was announced on the artificial island of Al-Marjan in Ras Al-Khaimah. The multifunctional integrated resort, scheduled to open in 2026, will be the largest foreign investment of its kind in Ras Al-Khaimah. The planned location will include a luxury hotel with more than 1,000 rooms, a...
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31.01.20225704287 plots were sold for 1.08 billion dirhams, while 1,059 apartments and villas were bought for 2.25 billion dirhams. TOP-3 deals included a plot of land in Al Hebiah Fifth, sold for 190 million dirhams, then a plot of land that was sold for 45 million dirhams in Al Thanyah First, as well as a plot sold for 190 million dirhams in Al Hebiah...
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22.01.20225817Dubai's luxury real estate market in 2021 showed the third largest price increase among cities in the world, and first-class residential communities promise to become a safe haven for investment in 2022. The city's real estate market is expected to achieve capital growth of 4 to 5.9% this year in 2022, after a 17.4% growth in 2021, as the...
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22.01.20226207The cost of villas and apartments in Dubai increased in the fourth quarter of last year: the largest annual capital gains were recorded in relatively old gated communities such as Arabian Ranches (34.1%), Jumeirah Islands (33.9%), The Lakes (31.2%) and Palm Jumeirah (27.6%), according to the real estate consulting company ValuStrat. The...
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19.01.20225939UAE landlords are gradually increasing the amount of the advance payment and refusing more cheques. In fact, some landlords are even willing to offer a price reduction if it means paying the full cost of the annual rent with one cheque. The renter cannot be held liable for non-payment, as a result of which landlords begin to...
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19.01.20225550According to Arabian Ranches, real estate prices in the most popular areas of Dubai have increased by 35% during 2021. Dubai's real estate sector has recorded a «phenomenal» increase in rental and sale prices in well-known areas of the UAE. In the affordable segment, the most sought-after areas for potential buyers were Damac Hills 2 and...
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