In a single day, transactions totaling nearly $1 billion in property deals were recorded by the Dubai Land Department. On Tuesday, January 23, the Land Department reported that the Dubai real estate sector saw transactions amounting to AED3.48 billion ($946 million). The data revealed 510 sales transactions, valued at AED1.36 billion ($370 million). Additionally, there were 210 mortgage deals, with a...
The net profit has increased to $120 million, up from $39.26 million for the corresponding period in 2022, while revenue has seen a 56% growth, reaching $341.5 million. Deyaar, a prominent real estate developer and service provider in Dubai, reported a 206 percent increase in net profit for the full financial year ending on December 31, 2023, reaching AED440.7 million ($120 million). This marks a...
The online auction initiated by Alphabeta Properties commenced on January 21 and is expected to continue for approximately two weeks.The online auction initiated by Alphabeta Properties commenced on January 21 and is expected to continue for approximately two weeks. On Meydan Avenue, Alphabeta Properties unveiled its residential project, M77, on Sunday, introducing unconventional rental procedures. M77...
The housing market in the emirate is expected to reach nearly $82 billion, equivalent to AED 300 billion, by the end of this year. The residential real estate market in Dubai is expected to experience significant growth in 2024, with a projected 17 percent increase in market volume and a 20 percent rise in property transactions compared to the previous year, according to a recent market study. The surge...
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