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09.02.20216834Capital values of residential homes approached stabilization as the downward trend gradually came to a standstill. However, sales transactions have dipped by nearly a third. Property prices in Dubai are showing signs of a slight uptick after falling for months due to the coronavirus pandemic. However, sales transactions have dipped by nearly a...
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08.02.20216674The government’s economic stimulus packages and prompt measures to prevent oversupply in the market have played an integral role in enhancing the competitiveness of Abu Dhabi’s real estate sector, stated Bayut & dubizzle’s annual report for 2020. Property markets across the globe have felt the impact of the uniquely challenging year that was...
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06.02.20216947The Shaista project features over 284 apartments spread across 12 residential floors and over 7,100 square feet of retail space. Renowned developer Azizi Developments announced in January that its Shaista project, a well-connected residential project in Dubai, is 97% complete. Located in Al Furjan, the building is expected to reach completion...
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05.02.2021730554 plots of land were sold for USD 53.1 million; 802 apartments and villas were sold for USD 383.8 million. 1,332 real estate and property transactions worth USD 912 million in total were registered in Dubai during the week from January 28 to February 4, 2021. 54 plots were sold for USD 53.1 million; 802 apartments and villas were sold for 383.8...
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04.02.20216999Dubai attracted 31,648 new investors who concluded 41,571 investments worth over USD 871 million. Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions representing a value of over USD 47.6 billion, according to the annual transaction report issued by the Dubai...
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Property sales in Dubai reached USD 19.8 billion – the market has recovered by 270 percent since May03.02.20216682Dubai’s real estate market is steadily recovering from its lowest levels, with transactions standing at USD 19.8 billion for the whole year, the latest data showed. According to Dubai’s official sales price index Mo’asher, an initiative by the Dubai Land Department (DLD) and Property Finder, 35,400 transactions worth USD 19.8 billion were...
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02.02.20216718According to the property market analysts, the risk is low that a resurgence in COVID-19 will derail the housing market. Dubai's house prices are expected to fall at a slower pace this year and next than previously thought as hopes for a successful vaccine rollout and an economic recovery boost confidence in the sector, a Reuters poll showed...
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01.02.20216796The Masaar project will feature 4,000 housing units and will be delivered in phases starting from 2023. On Sunday, UAE development company Arada announced the launch of a new upmarket gated residential community project in Sharjah. The project is estimated at USD 2.2 billion. The announcement was made in the backdrop of fewer project launches in...
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31.01.20216257The developer gives a 10 percent discount on all these projects without a down payment. Reportage Properties, UAE's leading real estate developer, offered a special package to investors and prospective buyers for its projects in Abu Dhabi and Dubai at a sales event that took place in the Habtoor Grand Resort in Dubai on January 30. As part of the...
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30.01.20217083Standing tall at 76 meters, DT1 is the fifth residential development of Ellington in Dubai. Ellington Properties, a Dubai-based boutique property developer, has started handing over units in its DT1 residences located in Downtown Dubai. The building is 76 meters high and has an area of 20,000 square meters. DT1 is Ellington's fifth...
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