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Dubai’s real estate market saw deals worth Dh6.7 billion in January
Dubai: Dubai’s real estate market saw deals worth Dh6.74 billion in January, 2021 – this is up 37 per cent from the same period last year, according to a sales price index launched by the Dubai Land Department (DLD). “The index data shows that Dubai’s real estate market continues its upwards trend – this is…
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Dubai records 51,414 real estate transactions worth over Dh175 billion in 2020
Dubai: Dubai’s real estate market continued to be attractive to local and global investors in 2020, with the sector recording 51,414 transactions representing a value of over Dh175 billion, according to the annual transaction report issued by the Dubai Land Department (DLD). The sector was able to achieve a high volume of transactions despite the…
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Worst is over for Dubai real estate market
Dubai real estate sector looks set to stage a smart recovery this year due to speedy economic recovery, spending on infrastructure development, growth in trade and tourism sectors from the Abraham Accords, experts say. Referring to latest data, real estate developers, executives and analysts said investors and end-users are expected to take advantage of property…
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COVID-19: No better time for UAE expats to enter the real estate market
Dubai: Real estate is an asset class that was beaten down big in the aftermath of the pandemic. Experts now forecast that it will make a comeback but with a slight lag. But what does this mean for investors and buyers? With the current pandemic backdrop, it has been widely recommended that those who are…
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Real estate should extend a hand to all those new-age technologies
The real estate industry has expanded its digital capabilities, incorporated more innovations across the value chain, and promoted the broader application of tech. No matter how you look at it, change is happening right now – and technology is revolutionising the way businesses operate. The real estate industry is focused on creating a thriving tech…
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Where is Dubai’s real estate sector headed next?
Covid-19 has caused significant disruption across all real estate sectors in 2020 with owners and occupiers having to make necessary adjustments to business operations in response to the statutory restrictions on capacity and mobility. It remains unknown whether the pandemic will result in structural shifts for residential and commercial real estate. In the short-term, cash…
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Dubai’s real estate sector records transactions worth Dh72.5 billion in H1 2020
Dubai: Dubai’s real estate market witnessed transactions worth Dh72.5 billion in the first half of 2020, despite the impact of the global COVID-19 outbreak, according to a report issued by the Dubai Land Department (DLD). The figures indicate that Dubai’s real estate sector is gradually returning to normal, driven by the stimulus packages and initiatives…
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The UAE-Israel historic peace treaty sparks positive sentiments and investment hopes in real estate
Despite a downward trend in property prices, sentiments in Dubai’s real estate sector are high owing to the recent developments in UAE-Israel relationships and pent-up demand over the last few months leading to an uptick in sales. The historic UAE-Israel peace deal was signed in Washington yesterday and this will play a positive role in…
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Diversify your property portfolio to get a retirement visa in Dubai
Compared to Portugal, Cyprus and Australia, Dubai offers better returns and a great life Last week His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai launched the five-year “Retirement in Dubai” programme, a first-of-its kind partnership between Dubai Tourism and the General Administration of Residency…
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Live on the water’s edge in Dubai’s beachfront communities
This might be the right time for you to move into Dubai Marina, JBR and The Palm Waking up to the sounds of the waves and enjoying uninterrupted views of the ocean is a privilege for many. Whether it’s the stunning Dubai Marina views or the island life on Palm Jumeirah or living in a…