Dubai's prominent design-led boutique developer, Ellington Properties, has joined forces with Dubai Multi Commodities Centre (DMCC) to unveil Mercer House, a luxurious residential project in Uptown Dubai. Following the success of their earlier collaboration on UH by Ellington, Mercer House promises to be one of Ellington Properties' tallest residential...
In 2023, the real estate markets in Dubai and Abu Dhabi experienced remarkable growth, according to a report released by Kamco Invest. The report indicates that real estate deal flow in Dubai surged by an impressive 57%, while Abu Dhabi witnessed a substantial 56% increase. The timeframes for these surges were the first ten months of 2023 for Dubai and the first nine months for...
The Dubai real estate market closed the year 2023 with robust activity, recording transactions worth AED14 billion ($4 billion) in the last week, as reported by the Dubai Land Department. The week ending December 29 witnessed a total of 3,063 transactions, with 216 plots changing hands for AED4.38 billion ($1.2 billion) and 2,126 apartments and villas sold for AED5.38 billion ($1.5 billion). This...
The sales included 446 villas and apartments and 48 land plots Dubai's real estate sector experienced a robust surge on Wednesday, as revealed by data released by the Dubai Land Department (DLD). The market witnessed a remarkable 494 sales transactions, amounting to AED2.18 billion, indicating a vibrant economic activity in the realty landscape. In addition to these sales, the day also saw 101 mortgage...
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