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Sheikh Zayed Housing Programme eyes $6bn investment by 2025


The number of homes expected to be delivered by 2025 for Emirati citizens is 17,873 Sheikh Zayed Housing Programme, which seeks to meet the residential needs of Emirati citizens, aims to invest over AED22 billion ($6 billion) over the next five years. The number of homes expected to be delivered by 2025 is 17,873 costing…

Dubai property prices fall to seven-year low as deal volumes rocket

Dubai Marina

New research shows average property price in Dubai falls to AED895 per sq ft in November Property prices in Dubai fell to AED895 per sq ft on average in November, representing their lowest level for seven years, according to new research. The Dynamic Price Index (DPI) from Property Monitor, the UAE-based data platform, covers property…

Foundation stone laid for MAG City


Company commits to delivery plans, promising to complete the project on time in 2022 MAG Development, the real estate arm of the Mag Holding Group, has announced the laying of the foundation stone for the MAG City project, which is located in Mohammed bin Rashid City’s Meydan District 7. The groundbreaking ceremony for the Dh2…

Dubai property demand-supply balance seen in 2022


Being restricted on cheques and less than accurate listings are their main peeves Demand for Dubai’s property remains pretty strong despite oversupply and demand-supply balance is likely to be achieved by 2022, say senior industry officials. Stressing that oversupply is a concern, they, however, rule out slump in demand as approximately up to 30,000 units…