Author: Ra'uf Asim Rahal
New figures released revealed that Dubai real estate market had a busy week, with its value of the transactions that took place from July 1 to July 5 exceeding AED14. 3bn ($3. 9bn). Meanwhile figures from the land Department revealed that sales accounted for the major count being AED 9. 47 billion ($ 2. 6 billion) it being the key function. Key Transactions Palm Jumeirah Luxury Apartments: An apartment in Orla Infinity being developed by Omniyat was transacted at AED77m ($20. 9m). A similar flat within the same building was purchased for AED75,800,000 ($20,600,000). Baccarat Residences: An apartment located in…
H. H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince of Dubai and Chairman of the Executive Council has agreed to the Jebel Ali Beach Development Project master plan. The objective of this project is to upgrade the 6. 6-kilometer length of the beach to being a tourist attraction, which will partly focus on matters concerning conservation. They include the Jebel Ali Beach Development Project that is within the Dubai 2040 Master Plan aimed at increasing the area of the emirate’s public beaches by 400 percent, the area of which is estimated to be 330 hectares. This project…
Suffice to say that although Dubai is liberal in the way it allows people to live their lives and have fun, the place is very much disciplined to maintain safety and security. Here are 11 things that can get you fined by the Dubai police:Here are 11 things that can get you fined by the Dubai police: Jaywalking: Walking is very important in Dubai and, thus, safety of The pedestrian is an important issue. Pavement crossing at irresponsible zones can cost as much as AED 400. Cross the road using the pedestrian crossings and foot bridges in order no to…
The pure gold group rei is planning to invest AED 1 billion ($ 272 million) in order to introduce the new concepts of home, work and play through innovative residential, commercial, and mixed project in the UAE. As for the future plans, after PG Upper House was completed in June 2023, which may be considered as the first professionally executed project of the company, PG Real Estate plans to expand actively. AED 1 billion brand investment will go into a series of architectural residential iconic projects situated in the prime cities of the world in order to dramatically reposition luxury…
This shows that there was a dramatic rise on the sales volume in the real estate segment in Dubai and this was mainly due to high demand in the first semester of the year 2023. Lauded real estate firm haus & haus reported that sales volumes are 30 percent higher compared to last year and noted that consumption high in May. Transaction volumes in May reached 47. 7% month-on-month and 45. 9% year-on-year; Property Monitor shows this increase because the market is strong and developing as the DN’s population grows. The managing director of haus & haus Real Estate Simon…
The demand for properties and real estate in the United Arab Emirates and especially in Dubai remained at a very high level in the second quarter of 2024 with more than 35 300 transactions were registered, data of Primo Capital Experts. According to the most recent report, property prices were up by 21%, together with a 20. 5% YoY growth in the volumes of residentials’ transactions. The detailed study undertaken by Primo Capital for second quarter of the year 2024 has made it quite clear that there are quite a few trends afoot in the UAE market will be very…
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates made a sad note in the death of the mother of his friend the king of Morocco His Majesty King Mohammed VI , His mother passed away the other day, Princess Lalla Latifa. In the same regard, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Primier of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Primier, and Chairman of the Presidential Court expressed the condolences of the UAE and offered deepest sympathy to…
Guy news are receiving that the biggest Pop star from Ethiopia, Teddy Afro, is expected to hold his unprecedented concert in Dubai at Coca Cola arena on Thirty June in the year 2024. With the show hosted by G-Power, this much-awaited event will be an evening of enchanting tunes of Teddy Afro with the influence of Ethiopian most popular traditional music type. Tewodros Kassahun Germamo, who performs under the name Teddy Afro is revered for his rebellious tunes and political protest, and thus stands out among the most influential Ethiopian artists of all time. Audiences should be in for quite a…
Dubai is proof of this since Makyee has been declared as the first platform that officially accepts cryptocurrency as payment for properties. This innovation is revolutionizing the financial operations by making the transaction faster, and more secure without involving the third parties. In this article, you will learn how to buy a property in Dubai with crypto step by step while knowing the advantages and disadvantages. Why use Cryptocurrency to purchase Property? Cryptocurrency offers several advantages for property transactions: Cost-Effective Transfers: Reduces the middlemen, thus doing away with transaction costs. Quick Transactions: Again, reduced to minutes, unlike the old methodology…
Outlined projects will be such as capacity increase, new commercial collaborations, new lounges, transportation area increase, and redoing the distribution of the remote gates’ locations based on Paul Griffiths, CEO of Dubai Airports. DXB targets to boost the annual passenger through put from the current 98 million to 120 million, as reported by Arabic daily Emarat Al-Youm. Currently improving the airport’s facilities, upgrading its equipments, and undertaking new technological projects is a key strategy for us at Dubai airports and I speak on behalf of the Dubai Airports when I say that our ultimate goal is to retain the airport…