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24.02.20216990According to Knight Frank, London has 68,189 prime homes followed by Dubai at 42,356 units, Sydney (27,436), Hong Kong (21,285), and Singapore (10,416). Dubai has the second-highest number of prime properties among all the major global cities after London. According to Knight Frank, London has 68,189 prime homes followed by Dubai with 42,356...
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22.02.20216128The company's revenue increased by 25 percent to USD 66 million in 2020 compared to USD 53 million in 2019. RAK Properties PJSC have announced their financial results for the fiscal year 2020. The property developer recorded a net profit of USD 31 million in 2020 compared to USD 25 million in 2019. The company reported an increase in its...
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21.02.20216800Dubai's real estate market witnessed massive activity at the beginning of the year as secondary and ready properties transactions jumped to nearly seven-year high. And according to official and industry executives, this trend of increased transactions will continue in the coming months. A total of 3,300 sales transactions worth USD 1.8 billion...
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20.02.20215928The number of deals sealed last year by non-GCC investors increased significantly by 32.5 percent. On the back of stimulus measures rolled out by the government to overcome the pandemic challenges, real estate transactions in Sharjah surged 5.1 percent. In 2020 the emirate recorded 64,459 transactions worth USD 4.3 billion in total. According to...
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19.02.20216441In 2020 the value of real estate mortgages amounted to USD 12 million, totalling 11,000 transactions. The value of real estate transactions in Abu Dhabi in 2020 totalled USD 20.14 billion, 28 percent higher compared to 2019, which recorded a value of 15.7 billion. 19,000 transactions were concluded in the emirate during the previous year,...
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18.02.2021598480 plots of land were sold for USD 113 million and 776 apartments and villas were sold for USD 334 million. 1,277 real estate and property transactions amounting to USD 1.3 billion were registered in Dubai during the last week ending 18 February 2021. 80 plots of land were sold for USD 113 million and 776 apartments and villas were sold for USD...
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17.02.20216661Due to "sustained interest from investors, both domestic and foreign", Emaar managed to achieve USD 2.9 billion worth of property sales during 2020. Emaar Properties, Dubai's largest listed developer by market capitalisation, reported 'sustained interest' from investors, despite a 20 percent decrease in full-year revenue for 2020 caused by the...
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12.02.2021589664 plots sold for USD 115.6 million, 846 apartments and villas sold for USD 367 million. 1,270 real estate and property transactions amounting to USD 1.2 billion in total were recorded in Dubai during the week from 4 to 11 February 2021. 64 plots sold for USD 115.6 million, 846 apartments and villas sold for USD 367 million. The largest land...
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11.02.20216254The company sold USD 93 million worth of properties in one month. According to UAE-based developer Nakheel, demand for high-end properties with outdoor living spaces continues to grow in 2021, as lifestyle changes became a priority in the wake of the COVID-19 pandemic. The master builder of the Palm Jumeirah registered record sales in January,...
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10.02.20216640Around 7,000 apartments and villas are scheduled for delivery before the end of the year. Real estate consultancy CORE reported on Monday, that residential supply handovers in Abu Dhabi were expected to hit their highest level in approximately half a decade, as several projects were scheduled for completion before the end of 2021. Compared to...
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