In Q1 2023, Dubai received 4.67 million foreign visitors, up 17% YoY from 3.97 million tourists during the same period in 2022, according to the Department of Economy and Tourism (DET) of Dubai. As a result, the city is on track to surpass the US as the most popular international tourism destination. Since the outbreak, this is the city's best first quarter performance. The expansion is necessary to...
For these investors, Al Furjan and Jumeirah Village Circle are already in competition with Expo City, Dubai's newest off-plan choice, which had its initial release in March. For instance, a one-bedroom home at Expo City's Mangrove Residences costs Dh1.39-Dh1.59 million, while a two-bedroom unit costs Dh2.05-Dh2.55 million. The "Expo City" is gradually becoming the top choice for those looking for...
The real estate market in Dubai had 533 sales transactions worth AED1.24 billion on Thursday, along with 129 mortgage deals totaling AED239.19 million and 21 gift deals totaling AED21.52 million, according to data released by Dubai's Land Department (DLD). 44 land plots valued at AED 224.57 million and 489 houses and apartments for AED 1.02 billion were sold. The mortgages were for 110 homes and...
The real estate market in Dubai had 451 sales transactions worth AED1.2 billion on Wednesday, along with 82 mortgage deals totaling AED663.03 million and 19 gift deals totaling AED36.64 million, according to data given by Dubai's Land Department (DLD). 35 land plots valued at AED384.67 million and 416 houses and apartments valued at AED819.39 million were sold. The mortgages were for 66 villas and...
Sobha Realty is introducing its concepts for upmarket residential complexes to Dubailand. The Sobha Reserve, which will consist entirely of villas and is expected to cost Dh2.8 billion, has started construction. This endeavor is a wager on the upward trend in demand for opulent freestanding residences. bigger residences as well. with an abundance of greenery, or “forest” cover. The Sobha villas...
Arada announced that it has begun transferring ownership of 114 townhouses and semi-detached villas in the Sarab 2 garden villa community within the Sharjah megaproject Aljada. The two Sarab villages are home to the only villas and townhouses in the Aljada master plan. Every property at Sarab comes equipped with a stove, hood, washer, and dryer in addition to smart home features. "The prompt...
The Sharjah Real Estate Registration Department (SRERD) reports that the emirate's real estate sector had exceptional growth in the first quarter of 2023. The SRERD's quarterly performance report shows that there were 21,486 total real estate transactions at a total of AED 5.9 billion. The research also demonstrated the robust status of Sharjah's real estate industry, which has mortgages on homes...
On the orders of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has authorized the payment of housing benefits totaling AED2.74 billion to 1,800 residents of Abu Dhabi. As part of the housing benefits, low-income retirees and the heirs of mortgage holders who have...
The real estate market in Dubai saw 496 sales transactions worth AED1.67 billion on Monday, in addition to 107 mortgage agreements totaling AED169.05 million and 13 gift deals totaling AED32.08 million, according to data given by Dubai's Land Department (DLD). 49 land plots valued at AED756.08 million and 447 homes and apartments valued at AED910.14 million were sold. Over AED1.8 billion was spent...
Leading UAE developers Lead Development and Jubail Island Investment Company (JIIC) have helped to officially break ground on Jubail Terraces, an affordable mixed-use community development in Abu Dhabi with 242 apartments and other crucial amenities. These apartments at Jubail Terraces will be housed in a collection of low-rise, low-impact blocks, each of which will have 23 retail units on the ground...
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