The top three transactions were a land in Island 2 sold for Dhs34 million, followed by a land that was sold for Dhs26.5 million in Al Thanayah Fourth, and a land sold for Dhs34 million in Island 2 in third place.
Dubai has emerged as a hotspot for global and local real estate investors buoyed by the emirate’s steady economic growth, world-class infrastructure, tolerant and inclusive culture for multiple nationalities and ease of access to the rest of the world.
The real estate bulletin showed that real estate transactions in Q1 2021 achieved a significant growth of 27 per cent and 47 per cent compared to Q1 2020 and Q1 2019, respectively.
During the first six months of this year, "Reportage Properties" organised 4 successful sales events, during which the sales team managed to sell 197 housing units, with a total value of Dhs179 million.
Michael Bolliger, Chief Investment Officer Emerging Markets at UBS Global Wealth Management, has stated that he expects the UAE’s economy to grow by over five percent in 2022. In an interview with the Emirates News Agency (WAM), Bollinger said that the UAE’s economy grew by 3.8 per cent in 2021, due to appropriate government incentives
The Dubai property market is on a solid growth and is marching ahead bucking the global trends. The realty market is active in the recent weeks due to an increase in demand for housing units, in line with the success of Dubai Expo 2020.
Key performing areas in Dubai have reported a significant increase in rental prices during the first half of the year. Apartments in the affordable category have witnessed an increase of 21 per cent, while the rental cost for luxury flats has gone up to 43 per cent. Similarly, affordable villas and luxury villas have also reported a rental cost
Dubai real estate market recorded 386 sales transactions worth Dhs1.2 billion, in addition to 84 mortgage deals of Dhs151.32 million, and 62 gift deals amounting to Dhs48.92 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 341 villas and apartments worth Dhs1.01 billion, and 45
Arabian Ranches 2, Damac Hills, Jumeirah Islands are expected to remain popular villa communities for rent this year while Business Bay, Al Karama and Dubai Marina are likely to dominate apartments segment due to their prime locations in affordable
The cosmopolitan city of Dubai which is synonymous with the plush shopping malls, penthouses and real estate activity is fast returning to normal. The operations which had taken a back seat due to the COVID pandemic are gaining momentum.