The Dubai real estate sector experienced $2.5 billion in transactions last week, including the sale of two luxury Armani Beach Residences apartments. According to data from the Land Department, the Dubai real estate sector saw transactions exceeding AED9.19 billion ($2.5 billion) last week. Sales were the major contributors, amounting to AED6.59 billion ($1.8 billion), as reported by the Land...
Sheikh Mohammed approves 30 billion dirham rain drainage project in Dubai The project will increase Dubai's rainwater drainage capacity by 700 percent… HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE and Ruler of Dubai, has given his approval to the 'Tasreef' project, a 30-billion dirham initiative aimed at enhancing Dubai's rainwater drainage capacity. Described by the Dubai...
Industry insiders anticipate a massive demand for both residential and commercial properties, estimating over 100,000 properties in the airport vicinity within the next decade, which is expected to further drive up prices. The massive expansion project at Al Maktoum International Airport has triggered a real estate boom in the surrounding areas, driving property prices upward. Industry projections...
In May 2024, additional deal records are being established with further potential for growth. May 2024's volumes and value were boosted by sustained demand for offplan sales in Dubai. As the city readies to take in more high netwroth residents, there is plenty more of pricing action on the horizon Investor demand for UAE real estate surged dramatically in May, with Dubai property market breaking...
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