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Dubai Holding’s Madinat Jumeirah Living on track for handover

Dubai Holding’s Madinat Jumeirah Living on track for handover

Flagship 3.85 million square feet project in central Madinat Jumeirah district broke ground in 2019 Dubai Holding’s flagship residential development, Madinat Jumeirah Living, an exclusive freehold project located in the prime Madinat Jumeirah district, opposite the world-famous Burj Al Arab is on track for timely handover in Q2 2021. The 3.85 million square feet resort…

Dubai property sales break 7-year record, top areas revealed

Dubai property sales break 7-year record, top areas revealed

Secondary residential property sales in November 2020 broke a seven-year record as local real estate steadily recovers from the impact of the pandemic and oversupply. The top areas for secondary apartment sales in November 2020 were Dubai Marina, Business Bay, Barsha Heights (Tecom), Downtown Dubai and Jumeirah Village Circle, real estate website Property Finder said…

Demand for property in Dubai picking up, says Emaar’s Mohamed Alabbar

Demand for property in Dubai picking up, says Emaar's Mohamed Alabbar

Property prices in Dubai are reasonably priced and demand is picking up, according to Mohamed Alabbar, founder of Emaar Properties, Dubai’s largest listed developer. “Real estate business is a cyclical business. We have an oversupply, [but] Dubai is reasonably priced. Our prime time price was a little lower than Chicago prices. We are also going…

Dubai’s real estate sector continues to build momentum

Dubai's real estate sector continues to build momentum

The Dubai Land Department (DLD) recorded a total of 3,395 sales transactions worth Dh6.93 billion In October 2020, bringing the year-to-date total to 27,815 transactions worth Dh57.43 billion, signalling strong signs of recovery in the property market. Of the October transactions, 37.2 per cent were in the off-plan segment and 62.8 per cent in the…