Emaar Properties disclosed its record-breaking achievement in 2023, reporting property sales reaching $11 billion. Furthermore, the company announced a total dividend payout of $1.2 billion (AED 4.4 billion) for the same year, following its outstanding performance.This dividend, approved during the company's annual general body meeting (AGM) on Monday, translates to 50 fils per share. The $11 billion (AED...
According to an analysis by Espace Real Estate, Dubai real estate has seen a 26 percent increase in residential real estate values this year.Strong Start to 2024A Q1 market summary report issued by Espace Real Estate investigated sales and rental activity in Dubai's townhouse, villa, and apartment markets during the first three months of 2024.The report tracks 30 communities and concentrates solely on the...
According to data from the Dubai Land Department (DLD), apartments in DAMAC Hills 2 areamong the most frequently traded properties in the United Arab Emirates.This intellectual development, the brainchild of DAMAC Properties, the top developer in theUAE, spans 55 million sqft and offers residents and guests a lifestyle that blends leisure,recreation, and scenic beauty. It also provides a distinctive take...
Dubai resumes to inspire real estate investors in the Middle East, attractingengagement with its enthusiastic market and impactful 2024 predictions.Analysts are optimistic, predicting an increase of 5 to 7 percent in residentialprices, which means Dubai's property market will have a good year ahead.Salman Bin Ali has emerged as a critical player in Dubai's thriving real estatemarket. Salman's story is...
Global property counsel Knight Frank's research said 105 homes priced beyond $10 million were sold in Dubai during Q1, marking a 19% increase compared to last year.Luxury Home Sales Surge in DubaiThe total weight of luxury homes dealt with during Q1 amounted to $1.73 billion, a 6% rise from Q1 2023. This evolution further solidifies Dubai's position as the world's busiest home market for $10 million or...
Transactions Surge 49.9% Compared to 2023 AED 1.46 billion worth of real real was exchanged in 1169 transactions in Ajman in March. This represents a noteworthy growth of more than 49.9% as compared to the identical time in 2023. Al Helio 1 Area Sees Highest Sales Value The Director General of the Department of Land and Real Estate Regulation in Ajman, Engineer Omar bin Omair Al Muhairi,...
Flipping is unheard of within the residential belongings market due to pinnacle builders now requiring around 30 to 50 percent of the price before owners can promote it.Flipping happening on commercial landHowever, on the subject of commercial land, there is lots of flipping happening as expenses have rocketed through around 300 percent in the beyond couple of years.Reasons for lack of flipping in the...
The real estate sector in Dubai remains robust, with both off-plan and secondary/existing properties experiencing notable growth in sales.Investors and homeowners alike are witnessing appreciable increases in property values, with yields showing consistent year-on-year improvements, as reported by property specialist Haus & Haus Real Estate.The company has released its Dubai Market Reports for Q1,...
Many landlords in Dubai have begun increasing rents upon renewal of residency contracts after the Real Estate Regulatory Authority (RERA) reworked its rental index, allowing property owners to extend rents to align with the market value.Industry leaders, however, say that many residents in the emirate will only have to pay more increased rents later this year or early next year when their present tenancy...
Dubai South Properties has given Al Kharafi Construction Company a contract worth AED 1.50 billion to construct the South Bay project's third, fourth, and fifth stages.According to a press release, the company started the project's fourth phase, expected to be completed in the first quarter (Q1) of 2027.Details of the Fourth PhaseThere will be 138 units in the fourth phase, consisting of five seven-bedroom...
Dubai's real estate sector has witnessed sustained interest in existing and off plan properties in the first three months of the year, according to the Property Finder's Market Watch digest report for Q1 2024.Property Finder analysts identified more than 36,000 sales transactions in the year's first quarter, making it the second-highest three-month period on record.Q1 2024 has unfolded to a strong demand...
For families renting a spacious villa in Dubai without breaking the bank, options for AED100,000 or less per year are available.Based on data from Property Finder's House Prices calculator and several listings on Bayut, here are four neighborhoods where three-bedroom villas can be found in this price range.Dubai SouthLocated close to Al Maktoum International Airport, Dubai South has emerged as a cheap...
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