• Dubai Land Department records highest transaction to Dh55.51 billion in Q1

    Land and property sale transactions jumped to 20,539 to Dh55.51 billion in the first quarter of 2022 – the highest in record, according to Dubai Land Department. Of these transactions in the secondary market dominated with 58.05 percent of the total sales while the off-plan market represents 41.95. The first quarter of 2022 recorded the […]

    Read More
  • Arada records Dh2.41 billion in sales in 2021 and plans to deliver 4,000 homes in 2022

    Dubai: Sharjah-based property developer Arada reported a 38 percent growth in sales value to Dh2.41 billion in 2021, compared to the previous year.The company has sold 2,488 homes in 2021, a 6 percent increase on the year before, as buyers continued to invest in higher-value apartments and villas. Prince Khaled bin Alwaleed bin Talal, Vice Chairman […]

    Read More
  • Azizi Developments to deliver 42 projects comprising 8,895 units in 2022

    Dubai, UAE: Dubai-based property developer Azizi Developments, said it will deliver 42 projects comprising 8,895 units in 2022, that will rebalance the residential property market where prices have been appreciating since the beginning of 2021. The developer reported a 44 percent increase in sales of its premium off-plan, completed, and soon-to-be-completed residential and commercial developments throughout […]

    Read More
  • Dubai’s 131,358 buildings come under 5-star classification

    Dubai Government has completed the star-rating of 131,358 existing buildings, ranking them from 1-star to 4-star and a 4 Plus-star in order to create a comprehensive database of all the assets and benchmarking them based on certain quality criteria. The total number of buildings in Dubai reached 131,358 including 102,523 villas and 28,835 buildings in […]

    Read More
  • 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 […]

    Read More