Real Estate

  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 ...

  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 ...

  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 ...

  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 ...

  Dubai / WAM Master developer Nakheel is kicking off the new year with the launch of Tilal Al Furjan, a new collection of 220 luxury four-and five- bedroom villas overlooking the Al Furjan master community. With spacious interiors, high quality finishing, floor to ceiling windows and an emphasis on environmental sustainability, the homes occupy an elevated position above Al ...

  Bloomberg New York City is factoring in an 8.2% increase in property values for next fiscal year, bolstered by demand for single-family homes, co-ops and condos. The city set a value of about $1.4 trillion for its more than one million properties for the fiscal year beginning in July, according to a tentative assessment roll released by the Department ...

  Bloomberg US home sales in December had their biggest plunge since the early months of the Covid-19 lockdowns as listings sank to record lows. Transactions fall 11% from a year earlier, the biggest annual decline since June 2020, according to a report by Redfin Corp. Demand is still fierce, but what’s holding back deals is a lack of inventory: ...

  Bloomberg Toronto, a city of more than 6.5 million people, has just 3,200 homes left for sale to start the year after a real-estate frenzy fuelled by low interest rates drove the market to record levels. More than 121,000 homes were sold in Canada’s biggest city in 2021, up 28% from the previous year and smashing the previous high ...

  Dubai / Gulf Time Dubai saw the completion of 1,392 real estate transactions valued at AED5.6 billion during the week ending December 30, according to the Dubai Land Department (DLD). The DLD weekly report said 98 plots were sold for AED685.36 million, along with 994 apartments and villas for AED1.93 billion. The top three transactions were for a land ...

  Bloomberg British homeowners have enjoyed a $4 trillion untaxed wealth windfall from rising property values over the last 20 years that is unlikely to be repeated, with the bulk of riches going to the well-off, the over 60s and those living in London. In a report calling for gains to be taxed, the Resolution Foundation said the surge in ...