The president of the French National Assembly, who is a close ally of President Emmanuel Macron, has been charged over a property deal from which he is suspected of having illegally profited, prosecutors said on Thursday.
The top three transactions were a land in Madinat Dubai Almelaheyah sold for Dhs212.6 million, followed by a land that was sold for Dhs53 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs212.6 million in Madinat Dubai Almelaheyah in third place.
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.
The new projects include a Dhs130m Samana Park Views, a Dhs165m Samana Waves and a Dhs110m Samana Golf Avenue-II, located in Arjan, Jumeirah Village Circle and Dubai Studio City respectively.
The past months leading up to the launch of the global event Expo 2020 Dubai witnessed an exceptional growth in general in real estate sales transactions in terms of volume and value.
According to proprietary Property Finder demand data, the top areas of interest in terms of searches for villas/townhouses in January 2021 were Dubai Hills Estate, Arabian Ranches, Palm Jumeirah, Mohamed Bin Rashid City, and Damac Hills.
Facilio, a leading property operations software platform, has announced that it has been recognised by Frost & Sullivan with the 2021 Best Practices’ Product Leadership Award for the Internet of Things, (IoT)-based solution in the building operations and maintenance industry.
The real estate and properties transactions valued at Dhs6.8 billion in total during the week, according to Dubai Land Department. 330 plots were sold for Dhs1.65 billion, 1,653 apartments and villas were sold for Dhs3.42 billion.
The Dubai property market witnessed substantial growth in 2021 after a brief setback in 2020 due to the global pandemic. The V-shaped recovery is evident as the demand and prices of properties in various areas are on the rise.
Data from Dubai Land Department (DLD) showed that the first working Friday witnessed 173 sales transactions worth Dhs2.38 billion, 12 of which were plots of land worth Dhs451.16 million and 161 were apartments and villas worth Dhs1.93 billion.