Real Estate

  Dubai / WAM The real estate market in Dubai recorded 9,720 total sales worth AED24.3 billion in August, the highest performing month in terms of sales transactions volume and value in 12 years, according to Property Finder, the leading Menat’s proptech company. Comparing period-over-period growth, August witnessed a monthly growth rate in volume of around 37.1 percent and 69.6 ...

  Sharjah / WAM The emirate of Sharjah completed real estate transactions totalling AED 2 billion during August, according to the monthly report published by Sharjah Real Estate Registration Department (SRERD). The total number of transactions executed by the (SRERD) during the past month amounted to 2,409, with 747 sales transactions representing 31% of total transactions. Mortgage transactions amounted to ...

  Bloomberg UK house prices rebounded in August, led by the strongest growth in London in six years, one of the nation’s biggest mortgage lenders said. Halifax said its measure of property prices rise 0.4% last month after a 0.1% dip the month before, bringing the average cost of a home to a new record of £294,260. The increase defied ...

  Dubai / WAM Dubai real estate market recorded 568 sales transactions worth AED1.37 billion, in addition to 93 mortgage deals of AED197.58 million, and 23 gift deals amounting to AED858.27 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 503 villas and apartments worth AED1.04 billion, and 65 land plots worth AED323.78 million, while ...

  Bloomberg Toronto home prices fall for a fifth straight month, the longest skid since 2017, as the property market adjusts to sharply higher interest rates from the Bank of Canada. The benchmark price for a home in Canada’s largest city dropped 2.8% in August compared with the month before to reach C$1.12 million ($854,000), according to data by the ...

  Bloomberg US pending home sales fall in July for the sixth time this year to the lowest level since the start of the pandemic, extending the housing market’s sharp downturn as high borrowing costs sideline prospective buyers. The National Association of Realtors’ index of contract signings to purchase previously owned homes decreased 1% from a month earlier to 89.8, ...

  Dubai / WAM Dubai real estate market recorded 414 sales transactions worth AED1.19 billion, in addition to 101 mortgage deals of AED216.02 million, and 19 gift deals amounting to AED477.33 million on Thursday, data released by Dubai’s Land Department (DLD) showed. The sales included 368 villas and apartments worth AED736.06 million, and 46 land plots worth AED453.75 million, while ...

  Bloomberg Swedish housing prices will continue falling until the middle of next year as the share of household income that goes towards mortgage interest payments is set to double, economists at the Nordic region’s largest bank said in a new forecast. Nordea Bank Abp now expects prices to drop 15% from a peak earlier this year, which is larger ...

  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 ...

  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 ...