His Majesty Law No. (2) of 2022 modifying Law No. (5) of 2010 on real estate registration in the emirate of Sharjah was passed by Dr. Sheikh Sultan bin Muhammad Al Qasimi, a member of the Supreme Council and the ruler of Sharjah. As required by law, the text of Article (4) of Law No. (5) of 2010 shall be replaced with the following text: The only persons who are permitted to own property in the...
The UAE-based Azizi Developments has announced that it has sold all the apartments within the Park Avenue I development as well as 50% of that of Park Avenue II, with only a few units left to be released, in the thriving and well-connected residential area of MBR City in Dubai. 372 residential and 29 retail apartments are housed in three buildings on Park Avenue. A separate swimming pool and a fully...
For the week ending October 28, 2022, there were 2,217 real estate transactions totaling AED7 billion, according to figures provided by the Dubai Land Department. 234 plots were sold for a combined AED2.26 billion, while 1,983 apartments and villas cost AED4.74 billion. The top three land transactions were the sale of a plot of land in Island 2 for AED130 million, a plot of land in Palm Jumeirah for...
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. (real estate) The most...
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...
Compare listings
Compare