• Land deal value in Dubai hits Dh6.2 bn in a week

    Gulf Property Exclusive Summary of weekly real estate transactions for the week ending 26 August 2021. Dubai The total value of 1,849 land and properties transaction reached Dh6.2 billion in a week ending August 26, 2021, said a latest Dubai Land Department release. Of these, 215 land plots were sold for Dh1.2 billion, while 1,130 […]

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  • Value of 2,069 properties transactions in Dubai hit Dh10.7 billion in a week

    Gulf Property Report Dubai Dubai, UAE The total value of 2,069 land and properties transactions exceeded Dh10.7 billion (US$2.91 billion) in a week ending June 10, 2021, according to Dubai Land Department, the property registry inn Dubai. As many as 219 plots were sold for Dh1.46 billion while 1,418 apartments and villas were sold for Dh2.81 billion. The […]

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  • ALEC Energy secures contract to install solar panels on Dh1.2 billion new DEWA head office

    Dubai, UAE: ALEC Energy, a subsidiary of Alec Engineering and Construction, has won the contract to provide a solar photovoltaic solution for the Dh1.2 billion new headquarters of Dubai Electricity and Water Authority (DEWA), currently being constructed in the Al Jaddaf area of Dubai. DEWA previously awarded the first phase of construction, worth Dh46 million, to […]

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  • Arada awards first contracts for the US$2.2 billion Masaar upscale forested community in Sharjah

    Dubai, UAE: Parsons andASGC Construction win two contracts for the Dh8 billion (US$2.2 billion) mega community that will be spread across 19 million square foot and host 4,000 villas at Masaar from master developer Arada, the developer said in a statement. Arada has awarded the first two contracts for Masaar, the 19 million square foot mega […]

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  • Dubai records US$1.1 billion worth of property transactions in a week

    Dubai, UAE: The total value of 1,562 real estate transactions reached US1.1 billion (Dh4.1 billion) in Dubai in a week starting May 16-May 20, 2021, according to Dubai Land Department, land and property registry of the Government of Dubai. As many as 120 plots were sold for Dh874.43 million, 1,038 apartments and villas were sold […]

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  • Real estate transactions value reached Dh5.1 billion in a week in Dubai

    Dubai: The total value of real estate transactions in Dubai reached Dh5.1 billion in the week ending 08 April 2021. The number of transactions reached 1,379. As many as 89 plots were sold for Dh512.58 million, 874 apartments and villas were sold for Dh2.35 billion. The top three transactions were a land in Saih Shuaib […]

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  • Emaar Development AGM concludes without announcing cash dividends

    Dubai, UAE: As intimidated earlier, Emaar Development PJSC didn’t announce cash dividends for 2020, at the company’s Annual General Meeting (AGM) held on 8 April 2021. Its Board of Directors ‘reflected’ on the company’s 2020 ‘durable performance’ and ‘resilience during challenging times’. “The Board of Directors also expressed their commitment to delivering high-quality homes to its customers […]

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  • Damac reports Dh1.03 billion net loss in 2021

    Dubai, UAE Damac Properties, one of the largest private sector real estate developers in the UAE, recorded Dh1.03 billion loss in 2020, a massive jump from Dh37 million net loss recorded in 2019, despite collecting Dh4.7 billion revenue last year compared to Dh4.4 billion in 2019. Booked sales for the period also nosedived to Dh2.3 […]

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  • Election Uncertainty Drives Interest in EB-5 Applications

    Dubai, UAE: As the world waits for the official results of the US presidential election, and the possibly tumultuous aftermath, foreign investors can take advantage of a limited window of opportunity to begin the permanent residency process with a certain degree of certainty. With the US Congress’s extension of funding for the EB-5 Immigrant Investor […]

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  • Dubai climbs 3 ranks to 36 in Global Real Estate Transparency Index

    Dubai, UAE Dubai’s real estate sector climbs 3 ranks to 36 in Global Real Estate Transparency Index 2020 and the top raking in the Middle East, issued annually by Jones Lang LaSalle, the global real estate advisory. Real estate sector’s contribution to Dubai’s Dh407 billion Gross Domestic Products (GDP) reached Dh29.4 billion or 7.2 percent […]

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