For the week ending October 21, 2022, 2,703 real estate transactions totaling AED8 billion were reported by the Dubai Land Department (DLD). 147 plots were sold for AED1.12 billion, while 2,023 apartments and villas cost AED4.79 billion. The highest deals involved two pieces of land: one sold for AED63 million on Island 2 and another for AED85 million in Al Thanayah. The most transactions this...

Those with knowledge of the issue claim that the second-richest man in India is expanding his real estate holdings in Dubai by purchasing a new beachfront home, shattering his previous mark for the most costly residential real estate transaction in the city. The individuals, who declined to be named because they aren't allowed to speak in public, claim that Mukesh Ambani last week paid about $163...

The next-tallest hotel structure in the world, the 365-meter-tall Ciel Tower in Dubai Marina, won't be built for another year. The first visitors will then start to check into their accommodations. With the Ciel replacing the Gevora Hotel, which is 356 metres high and situated on Sheikh Zayed Road, as the “tallest hotel tower in the world,” not much has changed for Dubai itself. “We are...

18 new projects have been registered on the Department of Municipalities and Transport's (DMT) "DARI" online real estate services portal in Abu Dhabi. As a result of these initiatives, 5 037 extra dwelling units will be made accessible in various areas around the Abu Dhabi emirate, including Saadiyat Island, Yas Island, Al Reem Island, Madinat Zayed, and other places. According to the "DARI"...

1,809 real estate transactions of AED7.3 billion were completed for the week ending October 7, 2022, according to data made public by the Dubai Land Department. 98 plots cost AED975.52 million, and 1,711 apartments and villas cost AED4.47 billion. For the week, there were 157 properties worth a combined AED418.56 million that were mortgaged, for a total of AED1.47 billion. Land in Business Bay...

Dubai placed first in the Arab world and fifth overall in the Local Government Online Services Index 2022. (LOSI). The poll, which the UN published as part of its Digital Government Report, represents the organization's evaluation of the level of digital government in all 193 of its independent member nations. The report uses a combination of primary and secondary data gathered from various UN...

The Devmark Group, the most seasoned and rapidly expanding real estate project sales, and marketing consultancy in the UAE, has been hired by Signature Developers to launch Signature Mansions, a curated collection of 18 elegant villas located within the elite Jumeirah Golf Estates residential golf community. With an emphasis on outstanding architecture and cutting-edge amenities, Signature Mansions was...

This year's Opalz, Danube Properties' third project, sold out on the first day of sales, demonstrating the increased confidence that investors and the general public have in the builder and Dubai's real estate market. 13 of the developer's 17 projects have already been finished, according to Dubai. Opalz is the developer's 18th project investment. Skyz and Pearlz were just just given construction...

At Palm Beach Towers 3, Nakheel made a statement on the availability of new units. The new residential tower, which is situated on the Palm Jumeirah and has more than 300 units, offers residences with 360-degree views in addition to a number of close-by dining, entertainment, and recreational options. Numerous homes with 1, 2, and 3 bedrooms are available at The Palm Beach Towers 3, all of which have...

According to experts, the Dubai real estate market will be unaffected by the ongoing rise in interest rates and will continue to rise due to increased demand. Rising interest rates, according to analysts, real estate executives, property developers, and industry insiders, won't have a significant effect on the real estate market because mortgage transactions make up only 25% of all home sales. They...