The total number of sales transactions for the month reached 17,139, exceeding the previous record set in April 2009 by over 20 percent. In May, Dubai's residential property market experienced unprecedented activity, as reported by Property Monitor, a Cavendish Maxwell Group company. Total sales transactions totaled 17,139 for the month, exceeding the previous record set in April 2009 by over 20...
International buyers are the cornerstone of the emirate's real estate market, attracted by its strategic location, tax-free status, and welcoming investment environment. Investors from Australia, the UK, Europe, North America, Turkey, and Iran are expected to drive the next growth cycle of the Dubai property market. They are attracted by higher returns compared to major markets, a tax-free environment,...
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...
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