πΈThe Central Bank of the United Arab Emirates (CBUAE) has set a new record
As of the end of April 2024, its consolidated balance reached an all-time high of 789.82 billion dirhams.
π Read More News HERE !
#dxbinteract #realestatemarket #propertymarket
As of the end of April 2024, its consolidated balance reached an all-time high of 789.82 billion dirhams.
#dxbinteract #realestatemarket #propertymarket
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Check out our posts from this week:
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Weekly Sales Summary
4,010 transactions
+34.97% increase
1.7K per sqft
-100% decrease
#dxbinteract #realestatemarket #propertymarket
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ποΈ Ginco Properties Launches $327m One Residence in Downtown Dubai
Ginco Properties has announced the launch of One Residence, a luxurious new project in Downtown Dubai valued at AED 1.2 billion ($327 million).
This development comes as Downtown Dubaiβs real estate market shows impressive growth, with a 133% increase in property transactions and a 41% rise in rents in recent years.
π Read More News HERE !
#dubairealestate #dubaiproperty
Ginco Properties has announced the launch of One Residence, a luxurious new project in Downtown Dubai valued at AED 1.2 billion ($327 million).
This development comes as Downtown Dubaiβs real estate market shows impressive growth, with a 133% increase in property transactions and a 41% rise in rents in recent years.
#dubairealestate #dubaiproperty
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Last Week Overview
DOWNTOWN DUBAI
π² Median Price:
AED 2,525,000
-16% decline from last week
πΈ Median Price Per Sqft:
AED 2,470
-2% increase from last week
π Transactions:
58 transactions
-9% decline from last week
π View the whole report HERE !
#dxbinteract #realestatemarket #propertymarket
DOWNTOWN DUBAI
AED 2,525,000
-16% decline from last week
πΈ Median Price Per Sqft:
AED 2,470
-2% increase from last week
58 transactions
-9% decline from last week
#dxbinteract #realestatemarket #propertymarket
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π€How can I make a decision about safe property investments more quickly?
- Find the answer on DXB Interact !π
#dxbinteract #realestatemarket #propertymarket
- Find the answer on DXB Interact !
#dxbinteract #realestatemarket #propertymarket
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Dubai's Commercial Real Estate Faces Investor Surge and Supply Challenges
πΉ Foreign Investment: 45% of 2023 transactions by foreign investors.
πΉ Supply Issues: Rising demand outpacing supply.
πΉ Cost Increase: Construction materials up 20-30%.
πΉ Price Growth: 8-10% annual increase next decade.
πΉ Economic Diversification: Growth beyond oil and tourism.
π Read More HERE !
#dxbinteract #realestatemarket #propertymarket
πΉ Foreign Investment: 45% of 2023 transactions by foreign investors.
πΉ Supply Issues: Rising demand outpacing supply.
πΉ Cost Increase: Construction materials up 20-30%.
πΉ Price Growth: 8-10% annual increase next decade.
πΉ Economic Diversification: Growth beyond oil and tourism.
#dxbinteract #realestatemarket #propertymarket
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Last Week Overview
BUSINESS BAY
π² Median Price:
AED 1,748,000
23% increase from last week
πΈ Median Price Per Sqft:
AED 2,180
10% increase from last week
π Transactions:
216 transactions
-36% decline from last week
π View the whole report HERE !
#dxbinteract #realestatemarket #propertymarket
BUSINESS BAY
AED 1,748,000
23% increase from last week
πΈ Median Price Per Sqft:
AED 2,180
10% increase from last week
216 transactions
-36% decline from last week
#dxbinteract #realestatemarket #propertymarket
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Record $17 Million Sale Achieved for Luxury Villa on Palm Jumeirah by Super-Prime Developer 25 Degrees
25 Degrees, known for its luxury European-style villas, has sold a beach villa on Palm Jumeirah for $17 million (AED 62 million), setting a new price record.
This sale highlights the growing demand for high-quality villas in Dubai. The developer aims to sell 100 homes by 2030.
π Read More HERE !
#dxbinteract #realestatemarket #propertymarket
25 Degrees, known for its luxury European-style villas, has sold a beach villa on Palm Jumeirah for $17 million (AED 62 million), setting a new price record.
This sale highlights the growing demand for high-quality villas in Dubai. The developer aims to sell 100 homes by 2030.
#dxbinteract #realestatemarket #propertymarket
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Aldar Introduces a Futuristic Skyscraper in Dubai
The new Aldar skyscraper will adorn Sheikh Zayed Road. Located on the outskirts of DIFC, the skyscraper will primarily serve as a Class A office building, also featuring retail and dining spaces.
The tower is expected to be completed in the fourth quarter of 2027.
π Read More News HERE !
#dubairealestate #dubaiproperty
The new Aldar skyscraper will adorn Sheikh Zayed Road. Located on the outskirts of DIFC, the skyscraper will primarily serve as a Class A office building, also featuring retail and dining spaces.
The tower is expected to be completed in the fourth quarter of 2027.
#dubairealestate #dubaiproperty
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The Dubai real estate market is expected to stabilize after a rise in prices due to high demand and the UAE's ambitious 2030 goals.
Significant developments expected between late 2026 and 2028 may cause a temporary correction, but long-term investments remain attractive.
#famproperties #dubairealestate #dubaiproperty
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Weekly Sales Summary
4,040 transactions
-0.76% decrease
1.5K per sqft
-100% decrease
#dxbinteract #realestatemarket #propertymarket
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Last Week Overview
DOWNTOWN DUBAI
π² Median Price:
AED 3,681,000
46% increase from last week
πΈ Median Price Per Sqft:
AED 2,880
17% increase from last week
π Transactions:
42 transactions
-30% decline from last week
π View the whole report HERE !
#dxbinteract #realestatemarket #propertymarket
DOWNTOWN DUBAI
AED 3,681,000
46% increase from last week
πΈ Median Price Per Sqft:
AED 2,880
17% increase from last week
42 transactions
-30% decline from last week
#dxbinteract #realestatemarket #propertymarket
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Dubai Land Department Finalizes 647 Real Estate Settlements Worth AED 1.38 Billion
Dubai Land Department (DLD) settled 647 real estate disputes worth AED 1.38 billion in H1 2024 via the Oqoodi Platform.
This efficient process ensures investor satisfaction and project continuity. DLD's conflict resolution services foster trust in the real estate sector.
π Read More HERE !
#dxbinteract #realestatemarket #propertymarket
Dubai Land Department (DLD) settled 647 real estate disputes worth AED 1.38 billion in H1 2024 via the Oqoodi Platform.
This efficient process ensures investor satisfaction and project continuity. DLD's conflict resolution services foster trust in the real estate sector.
#dxbinteract #realestatemarket #propertymarket
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Last Week Overview
BUSINESS BAY
π² Median Price:
AED 3,065,000
-14% decrease from last week
πΈ Median Price Per Sqft:
AED 2,790
-5% decrease from last week
π Transactions:
34 transactions
-26% decline from last week
π View the whole report HERE !
#dxbinteract #realestatemarket #propertymarket
BUSINESS BAY
AED 3,065,000
-14% decrease from last week
πΈ Median Price Per Sqft:
AED 2,790
-5% decrease from last week
34 transactions
-26% decline from last week
#dxbinteract #realestatemarket #propertymarket
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New rules require documentation such as an original manager's cheque, verified bank transfer details, a developer's Statement of Account, and a courts' declaration for cash transactions.
The statement "sale value received in cash in advance" is no longer accepted. Compliance is essential to avoid legal issues.
#dubairealestate #dubaiproperty #dxbinteract #realestatemarket #propertymarket
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Last Week Overview
JUMEIRAH VILLAGE CIRCLE
π² Median Price:
AED 910,000
+1% increase from last week
πΈ Median Price Per Sqft:
AED 1,330
+6% increase from last week
π Transactions:
1,262 transactions
+9% increase from last week
π View the whole report HERE !
#dxbinteract #realestatemarket #propertymarket
JUMEIRAH VILLAGE CIRCLE
AED 910,000
+1% increase from last week
πΈ Median Price Per Sqft:
AED 1,330
+6% increase from last week
1,262 transactions
+9% increase from last week
#dxbinteract #realestatemarket #propertymarket
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Weekly Sales Summary
3,070 transactions
-26.04% decrease
1.4K per sqft
-100% decrease
#dxbinteract #realestatemarket #propertymarket
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