The disclosure of these two contracts contributes to a string of recent contract grants for the mega-development. DAMAC Properties, a developer based in the UAE, has recently granted two contracts as a component of the primary works package for its expansive project, DAMAC Hills 2. The disclosure of the two contracts, totaling AED300 million ($82 million) collectively, is part...
The sales included 431 villas and apartments On Monday, Dubai's real estate market showcased robust activity, with a noteworthy 477 sales transactions amounting to AED1.66 billion, as reported by Dubai's Land Department (DLD). Complementing these sales were 129 mortgage deals, totaling AED430.56 million, and 20 gift transactions reaching AED60.74 million. The sales segment featured 431 villas and...
Many families sought larger homes with outdoor spaces amid the pandemic, prioritizing comfort, functionality, and well-being. In Dubai, a significant number of families are in the midst of relocating due to rising rents in established neighborhoods. During the pandemic-induced rent decline, many residents seized the opportunity to move to more spacious homes with gardens. However,...
ZāZEN Properties: Demand for mid-market real estate must meet population growth. Dubai faces a pressing need for mid-market properties to entice diverse investors, as the emirate's population is projected to double by 2040, warns ZāZEN Properties. Post-COP 28, the company emphasizes the urgency of bolstering sustainable construction efforts to meet the expanding population...
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