Real Estate

DUBAI / WAM Dubai’s real estate sector recorded 6,388 sales transactions in June, worth AED14.79 billion, according to the 16th edition of Mo’asher, Dubai’s official sales price index. This was the highest value of sales in eight years, noted officials. The sales transactions in June 2021 were 44.33 percent higher, in terms of volume, and 33.2 percent higher in value ...

Bloomberg Toronto saw the lowest number of homes trade hands in a year in June as the pandemic-fueled demand that drove the market to record highs starts to fade with immigration still muted. Home sales in Canada’s largest city fall 9.1% in June from the month before to 8,885 transactions, the third consecutive monthly decline, according to data released by ...

Bloomberg The coronavirus pandemic real-estate boom has made some Canadians richer, while others languish. The net worth of the nation’s households increased by about C$770 billion ($633 billion) in the first three months of 2021, a record 6% gain, to C$13.7 trillion, Statistics Canada said in a report. Since the start of 2020, that figure has increased by more than ...

Abu Dhabi / WAM UAE property market saw AED68.6 billion in transactions in Q1 of 2021, in a fresh sign that the worst is over and smart recovery is accelerating thanks to increased spending on infrastructure development, and the recorded growth in trade and tourism sectors across the nation. Statistics revealed by the departments concerned in Abu Dhabi, Dubai, Sharjah ...

Dubai / WAM Dubai’s real estate market continues to achieve record numbers in the number and value of real estate sales transactions, thus enhancing the emirate’s global position as the preferred, and most attractive and flexible real estate investment destination. The 14th edition of Mo’asher, Dubai’s official sales price index, launched by Dubai Land Department, in cooperation with Property Finder ...

Bloomberg Sales of previously owned US homes dropped unexpectedly in April for a third straight month as an inventory crunch pushed up prices by the most on record and restrained purchases. Contract closings decreased 2.7% from the prior month to an annualised 5.85 million, the slowest pace since June, according to data from the National Association of Realtors. The median ...

Bloomberg Toronto’s housing market last month posted the sharpest drop since the early weeks of the Covid-19 crisis, as buyers and sellers took a breather from a frenetic pace amid surging infections and renewed lockdown measures. The number of properties changing hands in Canada’s largest city declined 20% in April on an annualized basis from the month before, while the ...

Bloomberg US new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Purchases of new single-family homes increased 20.7% last month to a 1.02 million annualised pace after an upwardly revised 846,000 rate in the prior month, government data showed. The figure exceeded ...

Dubai / WAM Dubai Land Department (DLD) has issued 4,202 different real estate permits that includes 255,579 real estate ads in 2020 through the “Trakheesi” system on the department’s website. Through the system, users can conveniently apply for various real estate permits around the clock without the need to visit DLD, which is in line with the precautionary measures aimed ...

Bloomberg Last year’s pandemic housing rush is now this year’s end-of-lockdown feeding frenzy. Across the US, house hunters are fighting for scraps in a market picked clean of listings during the key spring homebuying season. Bidding wars are the norm. Strategies like waiving inspections to secure deals, common for years in hot West Coast tech hubs, are popping up in ...