Real Estate

Sharjah’s realty deals hit AED11.2b in H1 ’22

  Sharjah / WAM The semi-annual report issued by the Sharjah Real Estate Registration Department (SRERD) revealed that the value of real estate trading during the first six months of 2022 amounted to AED 11.2 billion. The total number of sales transactions amounted to 3,327, with a total value of AED4.1 billion, of which AED3.9 billion were in the city ...

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Dubai sees AED1.2bn in realty deal

  Dubai / WAM Dubai real estate market recorded 446 sales transactions worth AED1.07 billion, in addition to 85 mortgage deals of AED168.99 million, and 29 gift deals amounting to AED34.46 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 376 villas and apartments worth AED803.87 million, and 70 land plots worth AED261.85 million, while ...

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Abu Dhabi records AED22.5b in real estate deals in H1 2022

  Abu Dhabi / WAM Abu Dhabi’s real estate market sustained growth driven by investor optimism, recorded 7,474 property transactions amounting to over AED22.51 billion, as per the latest report released by the Department of Municipalities and Transport (DMT). The department’s half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged. DMT’s real ...

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Alef Group unveils AED1.6b Al Mamsha Raseel project

SHARJAH / WAM Sharjah real estate developer, the Alef Group, has launched Zone 3 in its Al Mamsha Sharjah development at a value of AED1.6 billion. The AED 5 billion project, based in the Al Muwaileh area, will be the city’s first fully walkable community. Al Mamsha Raseel (Zone 3) comprises 2210 units offering a variety of modern 1-, 2-, ...

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Canada’s home prices slide most since 2005

  Bloomberg Canadian home prices saw their biggest monthly decline in at least 17 years as the impact of higher interest rates began to spread across the country. The benchmark price of a home falls 1.9% in June versus the previous month, according to data by the Canadian Real Estate Association. That’s the third straight month of falling prices, and ...

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Dubai records AED1b in realty transactions

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 ...

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UK house sales slow in May

  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. ...

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Dubai, Japan to enhance ties in real estate sector

  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 ...

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Toronto home prices decline for third straight month as rates rise

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 ...

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UK housing market is starting to slow: BOE

  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 ...

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