In Al Maryah Island, Aldar will partner with the Abu Dhabi wealth fund to build commercial real estate assets. These will be built inside the Abu Dhabi Global Market, a free zone and financial hub. Aldar will hold 60% of the joint venture’s shares, with Mubadala holding the remaining 40%. The agreement was reached shortly after Aldar purchased four commercial towers at ADGM from Mubadala last...
The real estate market in Dubai saw a spike in sales transactions on Thursday, according statistics made public by Dubai's Land Department (DLD). A total of 487 sales transactions for AED1.33 billion were registered. In addition, records show that 14 gift deals totaling AED58.92 million and 101 mortgage deals totaling AED347.17 million were completed. The sales transactions included 26 land plots worth...
The construction of the "Bianca" townhouse complex in Dubai, which contains two, three, and four bedrooms, has officially started. With 507 two-bedroom apartments, 56 three-bedroom units, and 90 four-bedroom units spread across 112,000 square meters, Bianca in Dubai will also include significant amenities like schools, swimming pools, a gym, private parking for every unit, and a lot of...
Aldar Properties has revealed a limited number of apartments at "The Source," a fresh way to live inside Saadiyat Grove, the organization's renowned cultural landmark. Construction on the 204 apartments and penthouses in the low-rise neighborhood will start in Q4 2023, and it is planned to be finished in Q3 2026. Squash courts, a private residents' club, gyms, swimming pools, thermal suites, and...
33 land plots valued at AED382.44 million and 471 homes and apartments valued at AED954.05 million were sold. According to data supplied by Dubai’s Land Department (DLD), the real estate market in Dubai saw 504 sales transactions worth AED1.34 billion on Tuesday, along with 98 mortgage deals worth AED1.26 billion and 23 gift transactions totaling AED269.13 million. The mortgages included 14 land...
For the week ending March 24, 2023, 3,164 real estate transactions of AED8.6 billion were completed, according to figures released by the Dubai Land Department. (DLD). The DLD data shows that 218 plots were sold for AED1.9 billion while 2,177 apartments and villas were sold for a total of AED4.73 billion. The top three deals involved two Palm Jumeirah properties valued at AED 550 million and AED 74...
The real estate market in Dubai had 434 sales transactions worth AED1.83 billion on Tuesday, along with 86 mortgage deals totaling AED426.46 million and 139 gift deals totaling AED123.6 million, according to data provided by Dubai's Land Department (DLD). AED944.57 million worth of 395 homes and apartments were purchased, along with 37 land plots for AED889.15 million. The mortgages were for 66...
Prominent Dubai real estate developer Binghatti recently announced that construction of Binghatti Creek, located in Dubai Healthcare City's Al Jaddaf neighborhood, has been completed far sooner than anticipated. The project's completion date is viewed as excellent considering that the initiative was initially announced on March 25 of last year. Once more, Binghatti Developers completes a sizable...
With the help of new launches including the Cavalli tower and the Lagoons, Dubai master developer Damac declared a net profit of Dh1.4 billion in 2022 (as opposed to a deficit of Dh528 million the year before). The unexpected rise in demand for off-plan real estate purchases in Dubai has been quite advantageous for Damac, with the water-themed Damac Lagoons proving to be an instant hit. Hussain...
Expo City Dubai will begin selling residences priced from Dh1.2 million ($330,000) as developers attempt to transform the former world’s fair site into a lively residential zone. It is anticipated that the first phase of villas and flats will be finished on the site in Dubai South by January 2026. With prices starting at Dh3.4 million, the first phase of Expo Valley will include 165 units,...
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