Author: Property News
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DAMAC Hills 2 Community Emerges as One of the Highest Transacted in the UAE
Off-plan apartments registered and averaged a robust growth of 16% in price per square foot from 2021 to end of 2023 Data from the Dubai Land Department (DLD) has revealed compelling insights, placing units in DAMAC Hills 2 as one of the highest transacted in the UAE. Spread across a 55 million sq. ft area, this master…
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MERED and Pininfarina Successfully Present the ‘ICONIC Tower’ at MIPIM 2024
Dubai, UAE, 18 March 2024 – MERED, a prominent international real estate developer, along with the globally renowned Pininfarina, an illustrious name in architectural design, successfully participated in MIPIM 2024 in Cannes, France, showcasing their flagship project, the ‘ICONIC Tower’, a symbol of ultra-luxury living in the heart of Dubai. Marking their inaugural participation at the…
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U By Emaar Announces International Expansion with Prestigious New Venue at Address Jabal Omar Makkah, KSA
· U By Emaar announces its expansion into Makkah, featuring luxurious experiences at Address Jabal Omar Makkah. · The expansion enhances global member benefits, offering exclusive rewards across Emaar’s portfolio. · Address Jabal Omar Makkah to provide a unique blend of luxury and spiritual experiences for U By Emaar members. · This move signifies U By Emaar’s commitment to…
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Construction for DHG Properties’ Helvetia Residences Commences with Delivery Slated for 2026
Dubai real estate has one of the highest ROIs globally with a range of 8%-15%Dubai’s off-plan sales equated to 27% of total real estate transactions in February Dubai, UAE – 13 March 2024: DHG Properties, a renowned Swiss real estate developer with a legacy of over three decades of excellence, cites that the Dubai real…
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DAMAC’s Cavalli Tower Set to Redefine Luxury Living with Completion on Target
Dubai, UAE, 6 March 2024 –DAMAC Properties, a leading luxury real estate developer in the UAE, announced that the Cavalli Tower, its inaugural branded residential tower project in the UAE is on target for completion. Situated in the vibrant Dubai Marina, adjacent to DAMAC’s Ocean Heights, the 71-storey Cavalli Tower will set a new standard in…
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“Deyaar” Board reaches landmark decision to distribute dividends
Dubai, UAE – 05 March 2024: In a major milestone, the Board of Directors of Deyaar Development PJSC (“Deyaar”), one of the leading real estate developers and service providers in Dubai, the United Arab Emirates (UAE), has announced the approval of dividend distribution for the first time in the company’s history.This landmark decision marks a…
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The Real Estate Day for Emiratis Employment 2024 supports localisation efforts, provides over 300 job opportunities
Sultan bin Saeed Al Mansouri: During my tour of the event, I discovered many opportunities awaiting exploitation by the national talents.Hessa bint Essa Buhumaid: We invited job seekers with a high school diploma or higher to attend the events of this day, which significantly contributed to the success of the event.Ghannam Al Mazrouei: We were…
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DLD honours owner of real estate investment transaction number ‘1,000,001’ with several top-performing real estate brokers and investors
Dubai, United Arab Emirates, 01st March 2024: Dubai Land Department (DLD) concluded its participation in the International Property Show – IPS 2024, which spanned three days with the involvement of 125 local and international exhibitors. The event provided a platform for exchanging expertise and showcasing the latest projects and most promising investment opportunities the real…
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MERED wins ‘Project of the Year with Best Architecture’ at the Pillars of Real Estate Awards 2024
Dubai, United Arab Emirates, 28th February 2024 – MERED, an award-winning international real estate developer, known for its flagship project – ICONIC Tower in Dubai Internet City has today announced its win for the Project of the Year with Best Architecture at the Pillars of Real Estate Awards. The flagship tower is developed in collaboration…
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Deloitte reports record real estate transaction levels in Dubai: Sales prices up 18% and rents up 26% in 2023
Dubai, United Arab Emirates, February 28, 2024 – Theleading global professional services firm, Deloitte, released its annual Real Estate Report for the year 2023, reflecting on the robust performance of Dubai across all market sectors. The residential market in Dubai has experienced remarkable growth in 2023, with sales prices increasing by 18% and rental rates soaring by…
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