• 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 […]

    Read More
  • 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 […]

    Read More
  • 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 […]

    Read More
  • 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 […]

    Read More
  • 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. […]

    Read More
  • 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 […]

    Read More
  • 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 […]

    Read More
  • Deyaar profits plunge 43.7% to Dh36.7 million in H1 2019

    Dubai, UAE Deyaar Development, one of Dubai’s leading property developers and real estate service providers, reported a 43.7 percent drop in net profits for the first half of 2019, to Dh36.7 million, down from Dh65.2 million recorded in the second half of 2018. The company reported revenues of Dh337.6 million in H1 2019, an increase […]

    Read More

PROPERTY FILTER