The Dubai Land Department (DLD) announced the conclusion of the awareness project for the Dubai Real Estate Self Transaction (REST) smart application that it launched at government entities.
Reportage Real Estate Company based in Abu Dhabi has started preliminary construction work for the first phase of the “Rakan Lofts” project, which the company is developing in the “Dubailand” region
Statistics released by the Department of Municipalities and Transport on Thursday revealed that the value of real estate transactions in Abu Dhabi has been increased by 34% to reach Dhs6.3 billion by the end of last April.
DLD has successfully introduced a new registration system for real estate transactions, which allows real estate owners to complete sales transactions for their properties remotely from anywhere in the world.
Nima Khojasteh, Executive Director - Sales and Marketing at Azizi Developments, said: “We are pleased to see our retail unit sales growing so rapidly, despite global challenges posed by the outbreak of COVID-19, which has temporarily impacted brick and mortar businesses."
Real estate expert Walid Al-Zarouni stressed the need for real estate insurance in the United Arab Emirates, as a means of protection for residential buildings and their contents to protect them against potential dangers. This should be dealt with as a top priority not a luxury.
Nakheel has now sold 205 villas at the Nad Al Sheba community, where a retail and recreation centre is due to open in Q1 2021, the company revealed in a statement.
Dubai’s real estate market witnessed transactions worth Dhs72.5 billion in the first half of 2020, despite the impact of the global COVID-19 outbreak, according to a report issued by the Dubai Land Department (DLD).
The Dubai Real Estate Institute (DREI), in Dubai Land Department, DLD, is organising the first virtual real estate conference titled ‘Real Estate post-COVID-19 - Challenges and Solutions,’ in cooperation with a number of entities in Saudi Arabia.