RealEstateGrowth

Retal Signs $12.8 Million Agreement for Residential Buildings in Khobar

Retal Signs $12.8 Million Agreement for Residential Buildings in Khobar

In a significant development, Retal Urban Development Company and its subsidiary, Building Construction Company, have inked a SAR 48 million ($12.8 million) agreement to construct four residential buildings in Khobar's Alsadafah district. Read this also : Ras Al Khaimah Unveils ‘RAK Central’ – The Northern Emirates’ Largest Business District As disclosed in a recent bourse filing, the...

Shifting Dynamics: Surge in End-User Buyers Reshaping Dubai Real Estate

Shifting Dynamics: Surge in End-User Buyers Reshaping Dubai Real Estate

The landscape of Dubai's real estate market witnessed a notable shift in 2023, with the percentage of end-user buyers rising from 38% to 44%, according to the latest report released by Betterhomes on Thursday. Dubai recorded a staggering 120,742 residential sales transactions in the fiscal year 2023, marking a remarkable 38% increase compared to the previous record set in 2022 at 87,454 transactions....

Dubai and Abu Dhabi Real Estate Markets Soar to Unprecedented Heights in 2023

Dubai and Abu Dhabi Real Estate Markets Soar to Unprecedented Heights in 2023

In a stellar performance, the real estate markets of Dubai and Abu Dhabi reached a combined value of $124 billion (455.7 billion AED) in 2023, breaking records and showcasing the resilience of the UAE property sector. These insights, revealed in a recent study by Property Finder, illuminate the dynamic growth trajectory that both cities experienced, driven notably by a robust off-plan market. Read this...

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