Real Estate

Dubai records AED21 billion in real estate transactions in July

  Dubai / Gulf Time Dubai’s real estate market recorded a total of 7,092 sales transactions worth AED 21 billion in July, according to Mo’asher, the emirate’s official Sales Price and Rental Performance index launched by Dubai Land Department (DLD). The data marks the highest performance in the last decade and demonstrates a significant increase in the overall performance of ...

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Sharjah sees 2,417 realty deals in July

  Sharjah / WAM Sharjah Real Estate Registration Department (SRERD) revealed that total transactions carried out during the past month amounted to 2,417 transactions across 71 different areas distributed over the emirate of Sharjah. The transactions are broken down as follows: 588 sales transactions, 338 mortgage transactions, and 1,491 classified as other miscellaneous transactions. SRERD monthly report showed percentages of ...

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Sharjah realty deals hit AED1.4b in July

  Sharjah / WAM Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out during the past month amounted to 2,417 transactions across 71 different areas distributed over the emirate of Sharjah. The transactions are broken down as follows: 588 sales transactions, 338 mortgage transactions, and 1,491 classified as other miscellaneous transactions. SRERD monthly report showed percentages ...

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Swedish construction activity drops amid sharpest fall in housing prices

  Bloomberg Swedish home construction is falling amid what may be the sharpest drop in house prices since the global financial crisis. In the first six months of this year, the number of housing starts dropped by 11% compared with the year-ago period, data from Statistics Sweden showed. The data comes as Sweden’s broader housing market is showing clear signs ...

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Dubai records AED10.3b in weeklong realty deals

Dubai / WAM The real estate and properties transactions valued at AED10.3 billion in total during the week ending August 19. The sum of transactions was 3,149. 344 plots were sold for AED2.55 billion, 2,239 apartments and villas were sold for AED3.94 billion. The top three transactions were a land in Al Wasl sold for AED400.18 million, followed by a ...

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US housing starts decline to lowest level since early 2021

  Bloomberg New US home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in the inventory. Residential starts dropped 9.6% last month to a 1.45 million annualised rate from a revised 1.6 million pace in June, according to government data. The ...

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Irish house prices rise

  Bloomberg Irish house prices rise to the highest since 2007 in June, matching the peak seen before the country suffered one of the worst property crashes in Western Europe. It’s taken over 15 years for prices to recover from the property crash that almost bankrupted the country, forcing it to seek an international bailout in November 2010. The national ...

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Emaar’s first-half sales rise 5% to AED17.67bn

  Dubai / Gulf Time Emaar Properties (Emaar), announced good growth in first half profitability, underpinned by robust property sales and growth in the performance of recurring revenue businesses. This performance is testament to the continued confidence in Emaar’s brand and overall post-pandemic recovery of Dubai’s economy, led by the real estate market. Led by robust performance of its core ...

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Dubai reports $2.64bn realty deals in 7 days

  Dubai / WAM A total of 2,433 real estate transactions worth AED9.7 billion ($2.64 billion) were conducted during the week ending August 12, according to figures released by Dubai Land Department. A total of 326 plots were sold for AED1.64 billion, while 1,567 apartments and villas were purchased for AED3.12 billion. The top three transactions were a land plot ...

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Stockholm apartment prices drop most since pre-Covid era

  Bloomberg A drop in Swedish apartment prices picked up speed last month, adding to evidence that the property market in the largest Nordic nation is floundering. The average cost was 4% lower in July than the previous month, marking the fastest decline since before the pandemic, according to data by Svensk Maklarstatistik. House prices decline 1 percent from June. ...

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