Real Estate

Dubai’s week-long real estate deals hit AED8.2b

  DUBAI / WAM A total 2,135 real estate transactions worth AED8.2 billion in total were conducted during the week ending April 1, according to figures released by the Dubai Land Department. A total of 247 plots were sold for AED1.45 billion, and 1,423 apartments and villas were sold for AED3.09 billion. The top three transactions were a land in ...

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International Property Show 2022 kicks off

  DUBAI / WAM The International Property Show (IPS) 2022 kicked off at the Dubai World Trade Centre in a strategic partnership with Dubai Land Department (DLD), witnessing the attendance and participation of hundreds of international real estate exhibitors and over 600 international real estate investors. The exhibition will run until March 26 and aims to shed light on new ...

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Dubai records AED1.9b worth of realty deals

  DUBAI / WAM Dubai’s real estate market recorded 474 sales transactions worth AED1.52 billion and mortgage deals of AED441.56 million, in addition to 11 gift transactions amounting to AED27.4 million, data released by the emirate’s Land Department (DLD) showed. The sales included 376 villas and apartments worth AED849.54 million, and 98 land plots worth AED671.55 million. The mortgages included ...

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Dubai real estate market a safe haven for investment

  Dubai / Gulf Time The cosmopolitan city of Dubai which is synonymous with the plush shopping malls, penthouses and real estate activity is fast returning to normal. The operations which had taken a back seat due to the Covid-19 pandemic are gaining momentum. As per the figures issued by Dubai Land Department (DLD), Dubai real estate market recorded 368 ...

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Week-long real estate deals in Dubai hit AED13.4 billion

  DUBAI / WAM The real estate and properties transactions valued at AED13.4 billion in total during the week ending 11 March 2022, according to the Dubai Land Department (DLD). The weekly DLD report said the sum of transactions was 2,333. 245 plots were sold for AED2.09 billion, 1,542 apartments and villas were sold for AED3.29 billion. The top three ...

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London house market bounces back as workers return to office

  Bloomberg London property is back in vogue as a return to the office fuels demand for homes in the UK capital. That’s according to Rightmove Plc, which said in a report on Monday that buyer enquiries and asking prices both rose sharply this month. The jump represents a turnaround for the London property market, which underperformed other parts of ...

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Sharjah records real estate deals worth AED26.2bn

  Sharjah / WAM The Sharjah Real Estate Registration Department (RERD) announced that during 2021, the real estate trading volume in the emirate of Sharjah recorded the highest value in four years. The department’s annual report revealed that the volume of real estate transactions in the emirate amounted to a total of AED26.2 billion last year. Abdul Aziz Ahmed Al ...

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UK house prices rise at slowest pace since June, says Halifax

  Bloomberg UK house prices rise at the slowest pace in more than six months in January after a bumper end to 2021 left the average value of a home at a record high. Prices rise just 0.3% following four months of gains above 1%, mortgage lender Halifax said on Monday. In a sign of a more normal market, the ...

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Aldar acquires Al Hamra Mall in Ras Al Khaimah

  RAS AL KHAIMAH / WAM Aldar Properties (Aldar), through its Aldar Investment business, has made its first investment in Ras Al Khaimah, acquiring the 27,000 square metre Al Hamra Mall developed by Al Hamra, a Ras Al Khaimah based real estate development and investment company, for a total consideration of AED410 million. The transaction adds further scale and diversification ...

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Dubai realty deals hit record AED15.68bn in December ’21

  Dubai / WAM 2021 witnessed an exceptional performance for Dubai’s real estate market, supported by the results and numbers in December, whether in terms of real estate sales transactions, or the monthly index numbers. December 2021 witnessed the registration of 5,601 sales transactions worth AED15.68 billion, resulting in over 84,196 total transactions in 2021 worth AED 300 billion, which ...

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