The Abu Dhabi Real Estate Centre (ADREC) has revealed a historic milestone, reporting record-breaking real estate transactions totaling AED87.1 billion ($23.7 billion) in Abu Dhabi last year. According to the Department of Municipalities and Transport (DMT), the value of buying and selling activities skyrocketed by an impressive 159.5 percent, reaching AED61 billion ($16.6 billion) compared to...

Dubai's commercial real estate sector is set to defy remote work expectations as it prepares to welcome 44,000 square meters of new, premium office space in free zones across the city in 2024. This proactive response comes amidst surging demand for office accommodations, reflecting Dubai's resilience and attractiveness as a business hub. A report by commercial real estate company CRC highlights the...

In a bid to bolster Ajman's real estate sector and attract increased foreign investment, the Ajman Department of Economic Development has enlisted the expertise of JLL consultancy to devise a transformative strategy. With a rich history of operations in the UAE, JLL is poised to contribute significantly to the rejuvenation of Ajman's real estate landscape with innovative strategies tailored for sustainable...

A recent report highlights the persistent supply constraints in Saudi Arabia's real estate market, contributing to significant increases in both office rents and residential property prices throughout 2023. CBRE's latest findings reveal a notable surge in average office rents for Grades A and B units in Riyadh, with rates soaring by 13% to 22.2% over the twelve months leading up to the fourth quarter of...

In 2023, real estate transactions worth $326.7 million are expected to occur in the Central and Eastern Regions of Sharjah, marking a significant increase from previous years. According to the annual report from the Sharjah Real Estate Registration Department, the Central and Eastern Regions witnessed AED 1.2 billion in real estate transactions in 2023, compared to AED 1 billion in 2022. Read this also...

In a recent update from Dubai's Land Department (DLD), the real estate sector showcased robust activity on January 16, witnessing a total of 525 sales transactions valued at AED 1.54 billion. The day also saw 127 mortgage deals amounting to AED 226.51 million and 19 gift deals totaling AED 89.9 million. Reas this also : Surge in Demand: Dubai’s $10 Million Plus Homes Market...

In 2023, Dubai witnessed an impressive surge in the sale of homes priced at $10 million and above, with transactions skyrocketing by over 92%, totaling 431 sales. This robust activity underscored the active participation of affluent investors in Dubai's thriving real estate market. The year saw several records shattered, and indications suggest that this trend is set to continue throughout 2024. Read...

In the initial quarter of 2024, the real estate landscape in Abu Dhabi witnessed a robust surge, with transactions totaling an impressive AED 1.9 billion. The first two weeks alone saw 348 sales and mortgages across various real estate units, underscoring the Emirate's dynamic property market. Read this also : UAE Leads Global Property Price Surge in 2023: Insights from the IMF Powered by the...

Dubai's real estate market witnessed a remarkable surge on Wednesday, as reported by the Dubai Land Department (DLD). The data reveals a total of 494 sales transactions, amounting to AED 2.18 billion. In addition, the day recorded 101 mortgage deals, totaling AED 1.07 billion, and 42 gift deals reaching a sum of AED 787.19 million. Read this Also : Discover the Anticipated Hotels in Dubai Set to Open in...

In a remarkable feat, Qatar's real estate market has witnessed an impressive surge, with trading volumes exceeding a substantial $87.08 million within a mere three days. This swift acceleration in real estate transactions showcases the dynamism and vitality of Qatar's property sector. Read this : Dubai Continues to Spearhead GCC Real Estate Market in 2024: Kamco Invest Report The robust performance...