February 2024

Emaar Properties Achieves 15% Surge in Property Sales to $11 Billion

Emaar Properties Achieves 15% Surge in Property Sales to $11 Billion

Emaar Properties, Dubai's largest publicly traded developer, has announced a remarkable 70% year-over-year increase in net profit for the fiscal year 2023, solidifying its position as a key player in the real estate market. Read this also : Aldar Properties Reports 40% Increase in 2023 Net Profit, Declares Dh1.3 Billion Dividends The real estate giant experienced impressive growth in 2023, with...

Aldar Properties Reports 40% Increase in 2023 Net Profit, Declares Dh1.3 Billion Dividends

Aldar Properties Reports 40% Increase in 2023 Net Profit, Declares Dh1.3 Billion Dividends

In an impressive feat for the third consecutive year, Aldar Properties surpassed expectations, recording a 40% surge in net profit to Dh4.4 billion in 2023. This remarkable achievement was complemented by a revenue of Dh14.2 billion, marking a substantial 26% increase. Read this also : Dubai Customs Achieves Record-Breaking 17.15 Million International Visitors in 2023 The...

Dubai Customs Achieves Record-Breaking 17.15 Million International Visitors in 2023

Dubai Customs Achieves Record-Breaking 17.15 Million International Visitors in 2023

In 2023, Dubai Customs reached a remarkable milestone by managing 46,870,957 bags from 206,396 flights, averaging 128,400 bags per day. The primary focus remains on enhancing traveler satisfaction and elevating their overall experience. Read this also : Abu Dhabi Enters Advanced Talks for Ras El Hekma Development in Egypt With a workforce of over 845 inspection officers and the aid of 77 cutting-edge...

Abu Dhabi Enters Advanced Talks for Ras El Hekma Development in Egypt

Abu Dhabi Enters Advanced Talks for Ras El Hekma Development in Egypt

Abu Dhabi is currently engaged in advanced negotiations to acquire and transform the Ras El-Hekma property situated on Egypt's northern coast, reports Bloomberg. Properties for sale in Dubai : Click Here Sources familiar with the matter reveal that Talaat Moustafa Group (TMG) and select Egyptian state-run entities are poised to retain approximately 20% ownership of the...

Dubai Land Department Achieves Record Performance in 2023: A Look at the Numbers

Dubai Land Department Achieves Record Performance in 2023: A Look at the Numbers

In 2023, the Dubai Land Department (DLD) celebrated an unprecedented achievement, recording a staggering 1.6 million transactions across various real estate activities. This remarkable figure represents a substantial increase of 16.9% compared to the previous year, highlighting Dubai's robust real estate market. Read this also : Transferring Property to Family Members in Dubai: A Comprehensive...

Transferring Property to Family Members in Dubai: A Comprehensive Guide

Transferring Property to Family Members in Dubai: A Comprehensive Guide

Transferring property to family members in Dubai involves navigating specific regulations and procedures outlined by the Dubai Land Department (DLD). Understanding these guidelines is crucial for a smooth and legally compliant transfer process. In this comprehensive guide, we'll delve into the fees, regulations, and steps involved in transferring property to first-degree relatives in Dubai. Read this...

Key Investment Opportunities in Dubai and Saudi Arabia for Foreign Investors in 2024

Key Investment Opportunities in Dubai and Saudi Arabia for Foreign Investors in 2024

The Lumina Cross-Border Insights 2024 report highlights significant investment opportunities in Dubai and Saudi Arabia, particularly focusing on NEOM, Palm Jebel Ali, Creek Harbour Tower, and the Dubai Metro Blue Line. Read this also : Kempinski Introduces Luxury Real Estate Marvel in Dubai Marina NEOM, an integral part of Saudi Arabia's Vision 2030 plan, is poised to attract substantial foreign...

Kempinski Introduces Luxury Real Estate Marvel in Dubai Marina

Kempinski Introduces Luxury Real Estate Marvel in Dubai Marina

Elevating the opulent skyline of Dubai Marina, Kempinski, renowned as Europe’s esteemed luxury hotelier, proudly unveils its latest gem in the heart of Dubai's vibrant landscape. Set to grace the iconic waterfront, Kempinski Marina Residences epitomize sophistication and European finesse, marking a remarkable collaboration with ABA Group Dubai. Read this also : Abu Dhabi Real...

Abu Dhabi Real Estate Market Sees Strong Growth Amid High Demand

Abu Dhabi Real Estate Market Sees Strong Growth Amid High Demand

The Abu Dhabi property market is experiencing robust growth due to increased demand, with opulent homes and apartments seeing a significant rise in prices in 2023. Data from Bayut.com, the leading real estate website in the UAE, indicates a notable uptrend in property prices in Abu Dhabi's prime neighborhoods. This upward trajectory bodes well for homeowners seeking to sell or lease their properties....

Qatar Real Estate Transactions Exceed $110 Million Last Week

Qatar Real Estate Transactions Exceed $110 Million Last Week

During the period from January 21 to January 25, 2024, the Department of Real Estate Registration at the Ministry of Justice facilitated real estate transactions totaling $378,728,678 in sales contracts. Read this also : Record-Breaking Real Estate Transactions Forecasted for Sharjah’s Central and Eastern Regions in 2023 Residential unit sales contracts, as reported by the Real Estate Bulletin,...

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