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09.06.2021591177 percent of residential units sold were apartments and 23 percent were villas and townhouses, Property Finder said. UAE's leading real estate portal Property Finder reports that property transactions in Dubai jumped to a four-year high in May, which indicates that the market is steadily recovering from the last year's COVID-19 crisis. 4,429...
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07.06.20216000USD 817 million project is the first fully walkable community in Sharjah. Alef Group, the developer based in Sharjah, announced on Sunday, 6 June 2021, the completion of the first phase of the Al Mamsha project. Handover of residential and retail units is due to begin later this June. The first phase of the project consists of seven buildings...
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06.06.20216919Property created by a Ras Al Khaimah-based ship building company is part of a development that will contain a 156-room floating hotel and 12 mobile boat villas. UAE-based ship building and repair company Seagate Shipyard unveiled the first floating house, which will be part of its USD 237 million Sea Palace Floating Resort project. The project...
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05.06.20216090The supply-demand imbalance has been a defining feature of the emirate’s residential market. Dubai’s property prices held down for over half a decade by a supply glut will likely stay on the sidelines of a global upswing in values of prime residential real estate, Bloomberg reported, citing Knight Frank research.The emirate's construction industry...
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04.06.20216644The developer plans to build branded luxury homes and an ultra-luxury boutique hotel in space between the One & Only and W Hotel resorts. Dubai-based developer Nakheel announced it had sold one of the few remaining beachfront plots on the West Crescent of Palm Jumeirah to UAE real estate company Select Group and its joint venture partner...
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03.06.20215951164 plots sold for USD 222 million, 1,030 apartments and villas sold for USD 604 million. 1,623 real estate and property transactions amounting to USD 1.6 billion in total were recorded in Dubai during the week from May 28 to June 3, 2021. 164 plots sold for USD 222 million, 1,030 apartments and villas sold for USD 604 million. The largest land...
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02.06.20217101The list includes top 8 locations with the highest number of property transactions as of June 1, 2021. Activity at Dubai’s property market flatlined when COVID-19 broke out early last year. However, since the global lockdown was lifted and coronavirus restrictions eased, buyers have returned to the market snapping up all kinds of residential...
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01.06.20216421Realty deals during the above-mentioned period both in Abu Dhabi and Dubai amounted to USD 16 billion. UAE property market saw nearly USD 18.6 billion in sales transactions in the first quarter of the year. The successful result is a fresh sign that the worst is over and economic recovery is accelerating due to increased spending on infrastructure...
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31.05.20216081According to the developer, 53 percent of buyers were under 40 years of age and 31 percent were women. Abu Dhabi-based Aldar Properties has sold out its recently launched Noya Luma project in four hours. This generated sales of USD 152 million to the company. According to the developer, 53 percent of buyers of the 189 standalone villas,...
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30.05.2021616598 percent of the construction work at the Star project has been complete. Azizi Developments, a leading developing company in UAE, has announced that the construction of its well-connected condominium project, Star, is now 98 percent complete. The project is strategically located in the heart of Dubai’s new growth corridor – Al Furjan. The...
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