All Posts in Tag: year

Dubai records $2.64bln in weekly real estate transactions

The weekly DLD report noted that 235 plots were sold for $607mln, 2,302 apartments and villas were sold for $1.56bln During the week concluding on August 11, 2023, the Dubai Land Department (DLD) oversaw a noteworthy tally of 3,103 real estate and property transactions, amassing a substantial total value of AED 9.7 billion. The weekly…

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In Q2, Dubai’s commercial real estate transactions increased by 101%

The second quarter of 2023 in Dubai’s commercial real estate (CRE) market saw a tremendous increase in sales transactions, which helped the emirate’s real estate sector achieve record-breaking results. In the first half of this year, the sector recorded its biggest semi-annual sales ever. The CRE market recorded an increase of 22 percent in Q2…

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Dubai makes history in 2023 to become world’s leading luxury property market, outpacing London, NY and Paris

The real estate market in Dubai saw 176 high-end property sales that exceeded $10 million during the January-June period, with some of the headline-grabbing deals, reveals a latest market report Dubai made history in 2023 by becoming the world’s leading luxury property market, generating close to $850 million (AED3.1 billion) from high-end residential units costing…

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Abu Dhabi real estate sees 363% surge in foreign investment

Foreign investment in Abu Dhabi real estate topped $227m between January and June 2023 The Abu Dhabi real estate sector has seen a 363 per cent surge in foreign direct investment (FDI) in the first six months of the year. The Department of Municipalities and Transport (DMT) announced that FDI in the individual category within Abu Dhabi’s real estate…

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