The three-bedroom apartment in the Bulgari Resort and Residences sold for the highest recorded price per square foot in the history of Dubai
China State Construction Engineering Corporation will carry out main works construction of the 71-storey Cavalli Tower
The project will include more than 50,000 residential units for more than 250,000 people
Apartments are available for purchase from February 9
Off-plan transactions witnessed a remarkable performance, with a 90 per cent YoY increase recording over 5,000 transactions
The Link will feature a gross floor area of 30,000 square metres comprising sustainable offices, residences, visitor centre, multi-use hall and leisure amenities
The communities will feature over 9,000 residential units, with launches planned for this year
This co-retail space provides an accessible, tech-powered retail platform, where shoppers can explore multiple product lines under one roof
Delivery of around 200,000 square metres of retail floorspace last year raised Dubai’s total stock to 4.63 million square metres, with about 355,000 square metres of space scheduled to be delivered in 2023 across the city
Global Partners Property Fund I focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal
Dubai’s real estate sector witnessed transactions worth a record Dhs528bn in the past year, a 76.5 per cent increase from 2021
The top 10 list of locations that registered the highest number of transactions included Dubai Marina, Al Barsha South 4, Burj Khalifa, Al Merkadh, Al Hebiah 5, and Jebel Ali 1
A total of 512 homes were available during the first phase of the project, with 76 per cent of the units purchased by expatriates, of which 24 per cent were overseas investors
The total number of real estate transactions in 2022 reached 91,507, compared to 84,238 recorded during the previous year
A total of 350 real estate projects are currently being developed in the emirate
The project is due for completion by the beginning of 2026
A total of 122,658 real estate transactions were registered in Dubai in 2022, an increase of 44.7 per cent from 2021
The contract to build the four-building complex was awarded to a Dubai-based company with civil and industrial construction experience
DLD data showed that 221 plots were sold for Dhs1.18bn, while 1,889 apartment and villa purchases worth Dhs4.93bn were made
Avalon Properties also experienced robust growth during this period, growing its operations across the UAE, covering Abu Dhabi, Dubai, and Sharjah
Investments worth $100m are under consideration in Saudi Arabia
Al Hebiah Fifth recorded the most transactions for this week with 133 sales transactions worth Dhs386.38m
Construction of the project will commence in Q2 2023, with first handovers expected in Q4 2025
Construction work on the project has commenced and is due for completion by the end of 2025
Abu Dhabi can expect to see modest single-digit growth in property valuations and rents across most sectors
According to the company, the new projects include residential towers, and one of them will be the largest in the world in terms of size and number of apartments
We believe that the Dubai property market will continue to see exceptional demand in the new year, and that 2023 will be another record year for the market
Designed by Foster+Partners and managed by hospitality brand Dorchester Collection, Orla offers a bespoke lifestyle steeped in sumptuous style
This growth has been fuelled by the robust success of off-plan deals, which climbed by 86 per cent compared to 2021
Tthe focus is on shifting to an employee-first culture, refreshing DLD’s identity and enhancing its position, and adopting a proactive and human-focused approach