MAG Achieves AED 2.5 Billion in Sales in Q1 2023
MAG, one of the leading real estate developers in the UAE, has announced that its Q1 2023 sales across different projects reached AED 2.5 billion. Offering transformational living through the design of space, MAG’s luxury residential development, Keturah Reserve, located in Mohammed Bin Rashid City, District 7 in Meydan, recorded the sale of all available 93 townhouses, with 70% of the project’s units having already been sold. Over at ‘The Ritz-Carlton Residences, Dubai, Creekside,’ part of the Keturah Resort located on Dubai Creek facing Dubai’s wildlife sanctuary in Ras Al Khor, the penthouses with 360-views of the Dubai skyline, the two-bedroom Sky
MAG launches sales for homes at the Ritz-Carlton Residences, Dubai, Creekside
MAG, one of the leading real estate developers in the UAE, has announced the launch of sales for residential homes at The Ritz-Carlton Residences, Dubai, Creekside, part of the Keturah Resort. The launch follows the successful sales of over 54 per cent of units, including four penthouses at the Butterfly buildings and 16 units at the L-shaped buildings. The Ritz-Carlton Residences, Dubai, Creekside comprise 177 residences across 7 buildings and 12 mansions. Keturah Resort offers homeowners an impressive range of world-class facilities, including 5-star wellness hotel; a private members-only club; a women’s club; a kids club; an immersive, holistic wellness centre;
Deyaar reports increase in Q1 2023 profits, exceeding AED 56 million
Deyaar Development PJSC (“Deyaar”), one of the leading real estate developers and service providers in Dubai, has reported increase in its profits in Q1 2023 compared to the profits of the same period in 2022. This was announced in a filing to the Dubai Financial Market, where Deyaar shares are traded. Deyaar’s financial performance in Q1 2023 reflected impressive results, in a clear demonstration of the company’s continued growth and financial stability. With profits of AED 56.4 million in Q1 2023, Deyaar achieved a remarkable 125% increase from the same period in 2022, where profit stood at AED 25 million. In
Summary Of Weekly Real Estate Transactions For The Week Ending 05 May 2023
The real estate and properties transactions were valued at AED 10.4 billion in total during the week ending 05 May 2023. The sum of transactions was 3,050. 189 plots were sold for AED 1.19 billion. 2,239 apartments and villas were sold for AED 5.11 billion. The top three transactions were a land in Al Thanayah Fourth sold for AED 52 million, followed by a land that was sold for AED 40.62 million in Saih Shuaib 2, and a land sold for AED 35.36 million in Palm Deira in third place. Al Hebiah Fifth recorded the most transactions for this week by 63