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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…

Proptech allowing realty to build momentum

Proptech allowing realty to build momentum

Property technology (proptech) will play a key role in enhancing design, construction and operations, while also helping the real estate sector to re-emerge stronger having adapted to the new normal. “Today, we’re seeing a much greater acceptance of real digital transformation where construction businesses are seeking innovation guidance to understand how technology can help them…