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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…

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…