July 2024

Property developers sharpen focus on deliveries as the market stabilizesيزيد مطورو العقارات التركيز على عمليات التسليم مع استقرار السوق

Property developers sharpen focus on deliveries as the market stabilizes

More and more developers are focusing on the delivery of properties rather than launching new projects as Dubai's real estate market shows signs of stability, a sign that the supply of property has caught up with demand. 42,241 units, including 9,909 villas and townhouses, 991 commercial buildings, and 31,341 flats, are expected to be completed by developers this year.So far, 13,815 units have been...

Buy or rent villas in Dubai? Top performing real estate areas revealed, with one neighborhood recording a 93% price surgeشراء أو استئجار الفلل في دبي؟ تم الكشف عن المناطق العقارية الأفضل أداءً، حيث سجل أحد الأحياء ارتفاعًا في الأسعار بنسبة 93%

Buy or rent villas in Dubai? Top performing real estate areas revealed, with one neighborhood recording a 93% price surge

According to a file published through Espace Real Estate, the Dubai real estate marketplace is achieving record stages of activity, with residential property income inside the emirate hitting AED191bn.Espace Real Estate said this represents an increase of 38% on H1 2023The villa/townhouse market saw prices increase by an average of 28% in the first six months of the year compared to last year across...

Binghatti's sukuk tap records an overwhelming 420% oversubscriptionتسجل خدمة صكوك بن غاطي زيادة كبيرة في الاكتتاب بنسبة 420%

Binghatti’s sukuk tap records an overwhelming 420% oversubscription

Dubai's best real estate developer, Binghatti, has revealed an incredibly successful Sukuk. The sukuk tap was linked to the developer's debut in February 2027 USD 300 million sukuk issuance, listed earlier this year on the London Stock Exchange (ISM) and Nasdaq Dubai and over 200% oversubscribed. The recent fixture brings Binghatti's all-around sukuk deal size to $500 million. The recent tap witnessed...

Binghatti completes a pipeline of back-to-back projects in Jumeirah Village Circleبن غاطي تكمل مجموعة من المشاريع المتتالية في قرية جميرا الدائرية

Binghatti completes a pipeline of back-to-back projects in Jumeirah Village Circle

Top Dubai-based developer Binghatti has revealed the early completion of Binghatti Corner, heeding closely on the heels of the newly completed Binghatti Emerald. Ribbon-cutting ceremonies were held in the presence of Binghatti's Chairman, Muhammad BinGhatti, to mark the early delivery of the projects.The project was sold out shortly after its launch and was completed before the scheduled delivery. This...

Dubai Luxury Home Availability Drops By Nearly Half As Millionaires Buy Them For Personal Useدبي انخفاض توفر المنازل الفاخرة إلى النصف تقريبًا مع قيام المليونيرات بشرائها للاستخدام الشخصي

Dubai: Luxury Home Availability Drops By Nearly Half As Millionaires Buy Them For Personal Use

In the last year, the number of luxury residences available for sale in Dubai has decreased by over half, primarily due to the extraordinary demand from high-net-worth individuals.According to the data released by global real estate consultancy Knight Frank, the number of properties has fallen by 47% to 2,851 in high-end communities such as Palm Jumeirah, Emirates Hills, and Jumeirah Bay Islands.This new...

Dubai's 'Rain Street' to be Extended to 1km as new resort announces 'Snow Plaza'سيتم توسيع شارع المطر في دبي إلى كيلومتر واحد مع الإعلان عن منتجع جديد سنو بلازا

Dubai’s ‘Rain Street’ to be Extended to 1km as new resort announces ‘Snow Plaza’

Rain Street ExtensionThe Dubai street, where it rains all year, will be extended to 1km to surround an upcoming resort. The Marbella Resort, anticipated to be completed in 2026, will also accommodate a snow plaza and coral reefs.Unique Location and FeaturesLocated on the World Islands, accessible only by a private yacht, the Dh1 billion five-star hotel will draw inspiration from the Spanish resort town of...

Dubai real estate transactions hit record $34bn in Q2 as off-plan sales soar 80%; 5 in-demand ownership areas revealed

According to Property Finder's Market Watch digest report, the Dubai real estate sector saw a record AED124.4bn ($33.9bn) of transactions in Q2 2024.According to data from the Dubai Land Department(DLD), Dubai recorded the most increased volume and value of transactions ever, with a total number touching 43,522, indicating an increase of 45% corresponding to Q2 2023.The worth of transactions increased by...

New UAE joint venture to invest $300m in Pakistan real estateمشروع مشترك جديد في دولة الإمارات العربية المتحدة يستثمر 300 مليون دولار في العقارات في باكستان

New UAE joint venture to invest $300m in Pakistan real estate

Partnership AgreementThe top residential and commercial real estate business in Lahore, Pakistan, Empire Holding Pakistan, and Reportage Properties, the top real estate developer in the United Arab Emirates with its headquarters in Abu Dhabi, have joined forces to establish a joint venture in the burgeoning Pakistani real estate market.Based on this contract, which desires to enhance cooperation between...

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