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.
The top three transactions were a land in Palm Jumeirah sold for Dhs 60 million, followed by a land that was sold for Dhs 38.79 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs 60 million in Palm Jumeirah in third place.
The top three transactions were a land in Business Bay sold for Dhs72.24 million, followed by a land that was sold for Dhs71 million in Al Thanayah Fourth, and a land sold for Dhs72.24 million in Business Bay in third place.
The event includes launching their new project Verdana, located within the Dubai Investments Park, with prices starting from Dhs1.7 million.
The UAE government has announced new regulations for the holiday homes industry, including a scheme that allows homeowners to rent out their properties for up to 180 days per year at 50% below market value.
Arada has awarded two major contracts together totalling Dhs939 million to build 986 new homes across two residential districts at Masaar, Sharjah’s woodland megaproject.
The UAE real estate market is on a solid growth track due to huge demands, higher returns and strong investors’ confidence. Reportage Properties, a leading UAE real estate developer announced the completion of works in the first phase of the “Rukan Lofts1” project, which the company is developing in the “Dubailand” area in