Real Estate

  Dubai / WAM A total of 2,043 real estate transactions worth AED7.2 billion were conducted during the week ending May 20, according to figures released by the Dubai Land Department. A total of 228 plots were sold for AED1.14 billion, 1,328 apartments and villas were sold for AED3.58 billion. The top three transactions were a land in Hadaeq Sheikh ...

  Bloomberg Surging inflation will pile £2,370 ($2,900) on to the bills of the average UK household this year, according to a new study, raising fresh pressure on the Bank of England (BOE) and government to step up their response to the cost of living crunch. With wages falling behind price gains and the government raising taxes, the report from ...

Bloomberg The UK housing market is braced for headwinds as rising borrowing costs add to the cost-of-living crisis stretching the affordability for property buyers. Mortgage lenders are following the Bank of England (BOE) by raising interest rates from historic lows. That’s making it more expensive to own a home at a time when prices of everything from energy to clothes ...

  DUBAI / WAM The Dubai real estate and properties transactions valued at AED6.6 billion in total during the week ending April 29. The sum of transactions was 2,259. 197 plots were sold for AED1.15 billion, 1,628 apartments and villas were sold for AED3.52 billion. The top three transactions were a land in Business Bay sold for AED72.24 million, followed ...

  Abu Dhabi / WAM Aldar Investment has completed the acquisition of a 70 percent equity interest in Abu Dhabi Business Hub, valuing the company at more than AED500 million, with the remaining 30 percent owned by a strategic partner. The acquisition marks the creation of Aldar Logistics, the company’s new logistics real estate vertical, which will focus primarily on ...

  Bloomberg Sales of previously owned US homes fall in March to the lowest since June 2020 as historically low inventory paired with rising mortgage rates curbed purchases. Contract closings decreased 2.7% in March from the prior month to an annualised 5.77 million, figures from the National Association of Realtors showed. The figure was in line with estimates in a ...

  Dubai / WAM About 2,145 real estate and property transactions worth AED6.3 billion were conducted in Dubai during the week ending April 22, according to the Land Department of the Government of Dubai. Two hundred and twenty-five plots were sold for AED1.12 billion, and 1,436 apartments and villas were sold for AED3.2 billion, said a Land Department statement on ...

Bloomberg The average price of a Toronto home dipped in March as a slight cooling of activity allowed the pace of new listings to close the gap with sales, even as the market remained heavily tipped in sellers’ favour compared with historic standards. The average home price in Canada’s largest city dipped 2.6% to just under C$1.3 million in March ...

  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 ...

  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 ...