Real Estate

Dubai / Gulf Time Dubai real estate market recorded 304 sales transactions worth AED735.85 million, in addition to 77 mortgage deals of AED263.54 million, and 12 gift deals amounting to AED24.3 million on Wednesday, data released by Dubai’s Land Department (DLD) showed. The sales included 282 villas and apartments worth AED651.17 million, and 22 land plots worth AED84.68 million, while ...

  Bloomberg The number of UK house sales fell in May, the latest sign that the red-hot property market is starting to cool. Sales agreed in May were down 13% year-on-year, according to Zoopla’s UK House Price Index report. The average time to agree a sale is also rising — taking 22 days in May, from 20 days in March. ...

  DUBAI / WAM Sultan Butti bin Mejren, Director-General of Dubai Land Department (DLD), received Noboru Sekiguchi, Consul-General of Japan in Dubai, to witness DLD’s pioneering position in the real estate sector, especially in the real estate registration field, and strengthen methods of cooperation between Dubai Land Department and the authorities concerned with real estate registration in Japan. During the ...

Bloomberg Toronto home prices fell for the third straight month, as rising interest rates spur an abrupt reversal in a city recently at the heart of one of the world’s hottest housing markets. The average selling price for a home in Canada’s largest city fell 3.1% in May to about $939,000 on a seasonally-adjusted basis, according to data from the ...

  Bloomberg Bank of England (BOE) Deputy Governor Jon Cunliffe said the UK housing market is starting to slow and will be dragged down by rising interest rates and easing economic growth. “We see evidence of a slowdown,” Cunliffe said in an interview on ITV News. “There are some straws in the wind that show the market is starting to ...

  Dubai / WAM Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion in total during the week ending May 27, according to Dubai Land Department (DLD). The DLD weekly report said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments and villas for AED4.75 billion. The top three land ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), has announced that Dubai will host the Dubai Future Forum on October 10-11, at the Museum of the Future. The forum will convene 400 ...

  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 ...