• 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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  • Dubai’s RDC settles 8,713 rental disputes worth Dh2.5 billion in H1, 2021

    Dubai, UAE Rental Dispute Centre, the judicial arm of Dubai Land Department, said, it settled 8,713 rental disputes worth Dh2.53 billion (US$690.19 million) in the first half of 2021. Rental Dispute Centre (RDC) also said that it succeeded in resolving 61,555 primary rental cases in six years, from 2015 to the end of 2020, representing […]

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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 Dh180 million contract to build The Boulevard at Sharjah megaproject Aljada

    Sharjah, UAE: Arada, a Sharjah-based master developer of communities, said, it has awarded the construction contract to build The Boulevard, an upscale residential complex at its Sharjah mega-community Aljada. Located in the edge of the ultra-contemporary East Village district of Aljada, The Boulevard comprises three apartment blocks, featuring a wealth of amenities and surrounded by lush […]

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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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  • Nakheel sells Dh800 million worth of villas in a record four hours

    Dubai, UAE Dubai-based master developer Nakheel said, it has sold Dh800 million worth of villas in a record four hours, “with investors clamouring to snap up new villas” at its new Murooj Al Furjan community. “Phase one, comprising 217 four- and five-bedroom homes released on Thursday, May 20, is sold out,” a Nakheel statement said. […]

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  • Sobha Realty sells out US$2 billion worth of properties within Sohba Hartland

    Developer launches Dh750 million Waves at The Waterfront District in Sobha Hartland Dubai-UAE Sobha Realty, a premium real estate developer, has sold out US$2 billion worth of properties and built US$1.33 billion worth of properties within the US$4 billion Sobha Hartland, the eight million square feet freehold master development at the tip of Dubai’s Mohammed […]

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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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  • 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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