The Ajman Lands Department initiates the classification of real estate brokers
Engineer Omar bin Umair Al Muhairi, the Director-General of Ajman's Land and Real Estate Regulation Department
6335 Ready property deals worth 28 billion dirhams in Dubai during November, with a 60% growth
revealed that 6335 ready property deals worth 28 billion dirhams took place in Dubai during November, marking a 60% growth. According to the Dubai Land Department data, the real estate sales witnessed a significant surge, reaching nearly 42 billion dirhams, a notable 36% increase compared to the same month last year..
Selling 292 apartments and villas for half a billion dirhams in Dubai
Real estate transactions in Dubai exceeded 1.6 billion AED, with 384 deals totaling 1.28 billion AED recorded by the Land and Property Department on Tuesday. This includes 92 land transactions valued at 772.73 million AED and 292 transactions for apartments and villas worth 510.82 million AED.
Real Estate": Dubai's Properties Outperform London, New York Singapore in Attracting Investors
Despite the significant rise in real estate prices, Dubai has emerged as a strong competitor to established giants like London, New York, and Singapore. It remains the top choice for international investors seeking attractive prices and robust returns. A new market research by the global real estate technology company "Realsite" reveals that the average property price in Dubai is estimated at $6,057 per square meter, compared to $15,105 in Singapore and $10,598 in London. This underscores Dubai's high competitiveness in the global real estate market.
Diyar Development" plans to undertake new projects worth 10 billion dirhams over the next 5 years
Saeed Al Qatami, the CEO of "Diyar Development," revealed that the company commenced the implementation of its future plan for the next five years in 2022. The plan involves the development of diverse real estate projects worth nearly AED 10 billion, including integrated urban communities, towers, and independent structures. Al Qatami explained that "Diyar Development" aims to maintain an average profit margin of 20% of total revenues over the coming period. By the end of 2027, this is expected to propel the company's profits to over one billion dirhams. He highlighted that in the first quarter of 2024, the company will discuss profit distribution to shareholders and establish a consistent policy in this regard for the coming years.
Dubai Real Estate: Land in Fifth Thaniya Pledged for AED 817.6 Million
Dubai Real Estate: Land in Fifth Thaniya Pledged for AED 817.6 Million Real estate transactions in the Land and Property Department in Dubai exceeded 2.5 billion dirhams, as the department witnessed the registration of 408 transactions worth 1.2 billion dirhams on Wednesday. This included 77 land transactions worth 342.59 million dirhams and 331 transactions for apartments and villas worth 856.24 million dirhams.
"Safilz": The UAE on the Path to the Era of Environmentally Friendly Real Estate
"Savills Middle East" has released its latest report on the current landscape of real estate sustainability. This report provides an overview of how various real estate sectors, including residential, office, industrial, and retail, are responding to the adoption of sustainability standards. It also compares the status of cities in the Middle East with their counterparts around the world.
Debating the Trajectory of Dubai's Property Market: Sustained Growth or Ephemeral Decline?
Debating the Trajectory of Dubai's Property Market: Sustained Growth or Ephemeral Decline? Recent discussions have sparked a spirited exchange among real estate experts regarding the trajectory of Dubai's property market. While the city's proptech industry is optimistic about an imminent market rebound, doubts have been cast over the validity of a recent report highlighting a notable dip in property transactions in April 2023. This decline has prompted concerns over the durability of the ongoing bullish trend.
The Best Restaurants Dubai
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