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Dubai, Abu Dhabi climb up global rank as most transparent real estate markets

Dubai, Abu Dhabi climb up global rank as most transparent real estate markets

The UAE’s real estate industry has registered improvements in JLL’s Global Real Estate Transparency Index (GRETI) 2020, which provides a reliable measure of real estate market transparency and is a useful indicator of a city’s overall ‘real estate investment health’. In this year’s edition, the index reveals the increasing attractiveness of Dubai as an investment…

Investors turn their sights towards UAE’s real estate sector

Investors turn their sights towards UAE’s real estate sector

Favourable bank rates and dropping prices have meant that investors are once more looking to the UAE’s real estate sector, experts said at the 2020 Cityscape Real Estate Summit. The two-day event, which opened on Monday morning at the Dubai World Trade Centre, brings together several industry experts to highlight challenges in the sector, as…

Dubai records Dh2.9 billion realty sales

Dubai records Dh2.9 billion realty sales

The real estate and properties transactions valued at Dh2.9 billion in total through 1,241 deals during the week ending November 5, 2020, latest data shows. As many as 44 plots were sold for Dh176.48 million while 854 apartments and villas were sold for Dh1.49 billion, according to the Dubai Land Department. The top three transactions…

Dubai firm launches Sea Palace Floating Resort

Dubai firm launches Sea Palace Floating Resort.jpg

Dubai is home to a number of landmarks including the Burj Khalifa, the Burj Al Arab hotel, and the Palm Islands. The emirate will soon see the addition of one more landmark – the Sea Palace Floating Resort. Costing Dh600 million, the project consists of a hotel and six floating glass boat houses, each priced…