Dubai / WAM Dubai’s annual real estate transactions have crossed the milestone of half a trillion dirhams for the first time in 2022, as the sector witnessed transactions worth a record AED528 billion in 2022, a 76.5 percent increase from 2021. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive ...
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Dubai records AED9.6b in week-long realty deals
Dubai / WAM A total of 2,790 real estate transactions worth AED9.6 billion were conducted during the week ending December 30, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 179 plots were sold for AED 1.39 billion, while 2,071 apartments and villas were purchased for AED 5.64 billion. The top three transactions ...
Read More »Dubai’s weeklong real estate deals reach AED9.1bn
Dubai / WAM A total of 2,926 real estate transactions worth over AED9.1 billion were conducted during the week ending December 23, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 159 plots were sold for AED877.59 million, while 2,233 apartments and villas were purchased for AED5.44 billion. The top three transactions were ...
Read More »Sharjah records AED2.7b realty deals in November
Sharjah / WAM Real estate transactions in the emirate of Sharjah during November increased to AED2.7 billion, compared to a monetary value of real estate transactions of AED1.9 billion the previous month, according to a report issued by the Sharjah Real Estate Registration Department (SRERD). The report indicated that 2,813 real estate transactions were carried out during the period, ...
Read More »Dubai records AED1.2b realty deals in one day
Dubai / WAM Dubai real estate market recorded 385 sales transactions worth AED936.65 million, in addition to 98 mortgage deals of AED186.25 million, and 41 gift deals amounting to AED131.82 million on Tuesday, data released by the Dubai’s Land Department (DLD) showed. The sales included 358 villas and apartments worth AED691.86 million, and 27 land plots worth AED244.79 million, ...
Read More »Dubai records AED4.8b in weeklong realty deals
Dubai / WAM A total of 1,600 real estate transactions worth over AED4.8 billion were conducted during the week ending November 30, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that Dubai saw the sale of 176 plots for AED998.19 million, as well as 1,052 apartments and villas for AED 2.32 billion. Jabal ...
Read More »Hong Kong home prices plunge 25% from peak: Natixis
Bloomberg The slump in Hong Kong’s home prices will deepen next year due to the combination of rising borrowing costs, a recession and an exodus of residents, according to Natixis SA. Residential prices are expected to fall 12% in 2023 and 2% the following year, taking the drop from the peak in late 2021 to 25%, Natixis analysts led ...
Read More »Dubai records AED15bn in weeklong realty deals
Dubai / WAM A total of 2,867 real estate transactions worth over AED15 billion were conducted during the week ending November 25, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that Dubai saw the sale of 313 plots for AED1.57 billion, as well as 1,936 apartments and villas for AED4.48 billion. Al Hebiah ...
Read More »Alef launches Darb 3 in Al Mamsha Raseel
Sharjah / WAM Alef group, the leading real estate developer in Sharjah, has launched Darb 3 in Al Mamsha Raseel (Zone 3), following record sales achieved with Al Mamsha Raseel – Darb 1 development project, to be delivered on time in the last quarter of 2024. The launch of Darb 3 coincides with recent amendments to Sharjah property ownership ...
Read More »Abu Dhabi realty deals hit AED21.04bn in Q3
Abu Dhabi / WAM Abu Dhabi’s real estate market witnessed continued growth in the third quarter of 2022, recording 4,441 property transactions amounting to over AED21.04 billion, according to the latest report published by the Department of Municipalities and Transport (DMT). The DMT’s quarterly showed that the emirate recorded 1,995 real estate sales worth AED5.39 billion, and 2,446 mortgage ...
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