Dubai recorded 4,804 property sales worth Dhs9.99bn during Ramadan 2021, marking a 211 per cent increase in transactions from a year-earlier period and 57 per cent increase compared to Ramadan 2019.
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All historic Dubai Ramadan property sales records broken in 2021 with total transactions reaching AED 10bln
But in 2021 we saw the highest number of transactions historically in the month of Ramadan, 4,804 property sales worth AED 9.99 billion. Ramadan 2015 came closest with 3,870 property sales …
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Dubai gears up for new hotel openings, brand expansions
Several hospitality brands marked their participation at the Arabian Travel Market 2021 exhibition with the announcement of new hotel openings and brand expansions across various segments. Accor, on …
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Dubai ruler dissolves tribunal that deals with property-related disputes
DUBAI – In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. (15) of 2021 dissolving the Special …
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SOL Properties Redefines Dubai Leasing Experience With SOL Living
Real estate leader introduces dedicated leasing service, offering long- and short-term lease options to meet Dubai’s residents’ and visitors’ evolving needs
Dubai, United Arab Emirates – …
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Developers upbeat about UAE market
The UAE property developers are upbeat about the country’s realty sector despite the challenges of COVID-19 pandemic. Emaar Properties recently announced it has achieved significant increased property …
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UAE: Real Estate Tycoon Reports Widening Losses as Sales Almost Halve
Damac, the Dubai developer behind some of the emirate’s glitziest property projects, reported a widening first-quarter loss as sales almost halved.
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A mixed bag? How Dubai property rental rates have changed in Q1 2021
Rents for apartments across Dubai have started to increase following months of persistent decline, as sentiment in the market continues to improve, according to a new report. Asking rates for …
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Reportage Properties sales grow 200% in 4 months
Reportage Properties, the leading real estate developer in the UAE, revealed sales of more than Dh500 million since the beginning of 2021, with a growth rate of more than 200% compared to the first …
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Dubai’s Union Properties announces $1.5m Q1 profit
Developer revealed accumulated losses at almost $545m attributed to twin shocks of real estate market decline and Covid-19 pandemic …
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Dubai’s DAMAC Properties lifts sales but first-quarter loss widens
Dubai developer DAMAC Properties’ on Sunday posted a first-quarter net loss of 189.6 million dirhams ($51.6 million), widening from 106.1 million dirhams a year earlier despite a pick-up in sales.
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Dubai-based DAMAC Properties’ Hussain Sajwani warns of slow market recovery
The recovery of the UAE real estate market from the COVID-19 pandemic will take at least 12 to 24 months, according to Dubai developer DAMAC Properties’ chairman Hussain Sajwani. His firm reported a …
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Dubai’s property market splits as villa and apartment demand diverges
Apartment and villa property markets in Dubai were polarised during the first three months of 2021 as investors sought out larger properties amid the ongoing coronavirus pandemic. According to real …
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At 293 Metres, Address Beach Resort Dubai’s Infinity Pool Is World’s Highest
From Macao having the world’s tallest bungee jump to the Philippines being home to the world’s largest eagle, Asia is no doubt the place for extremes. So if you’re exploring the continent and looking …
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Top Dubai property developer Emaar says net profit rises 8 pct in first quarter
Dubai’s largest property firm Emaar Properties reported an 8 percent rise in first-quarter net profit on Monday.Emaar made 657 million dirhams ($179 …
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Dubai’s Emaar Properties reports $1.93bn property sales in Q1 2021, up 83% y-on-y
Dubai developer Emaar Properties said on Monday that its group property sales in Q1 2021 were $1.937bn, up 83 per cent compared to $1.058bn it reported in Q1 2020. The developer’s Q1 2021 revenue …
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Aldar Properties’ net profit surges 80% to $148.12 million in Q1 2021
Net profit jumped to 544 million dirhams ($148.12 million) in the quarter that ended March 31, from 302 million dirhams in the same period a year earl..
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