Summary Of Weekly Real Estate Transactions For The Week Ending 19 January 2024
The real estate and properties transactions valued at 13 billion in total during the week ending 19 January 2024. The sum of transactions was 3,697. 184 plots were sold for AED 2.01 billion, 2,770 apartments and villas were sold for AED 7.46 billion. The top three transactions were a land in Al Wasl sold for AED 170 million, followed by a land that was sold for AED 120.5 million in Madinat Dubai Almelaheyah, and a land sold for AED 79.72 million in Bukadra in third place. Madinat Hind 4 recorded the most transactions for this week by 44 sales transactions worth AED 91.26
Alphabeta Properties Unveils Exclusive M77 Residential Project In Meydan Avenue
Alphabeta Properties, a leader in innovative real estate development, is proud to announce the launch of its highly anticipated residential project, M77, located in the prestigious Meydan Avenue, Nad Al Sheba. This exclusive development marks a new era in luxury living, offering a limited number of meticulously crafted residences. Not Just Homes, a Lifestyle Auction What sets M77 apart is the groundbreaking approach to resident selection. Unlike conventional rental procedures, M77 will determine its residents through an invite-only auction, a pioneering concept in Dubai's real estate landscape. This innovative process adds an element of exclusivity, ensuring that those who call M77 home
The Heart Of Europe Positions Itself As Holistic Wellness Destination At The 2nd ‘AYUSH Conference & Exhibition’
The Heart of Europe (THOE), a visionary project by Kleindienst Group, (a leading global real estate corporation and the largest European family-owned business in the UAE)took centre stage at the 2nd Ayush Conference & Exhibition in Dubai, showcasing its dedication to growing the wellness industry.The conference was held from 13 – 15 January at the Dubai World Trade Centre. It brought together key people and organisations from the wellness industry. Josef Kleindienst, founder and chairman of Kleindienst Group said, “Our participation in this renowned conference demonstrates our constant dedication to transforming the landscape of wellness in real estate. The Heart of
Dubai Off Plan Market Soars For Fourth Consecutive Year
haus & haus Real Estate has revealed key data, trends and insights from 2023 that look set to shape the market in the year ahead with the publication of its industry leading Market Insights, covering 24 different communities and 1 Off Plan development. After a record-breaking 2023 for the Dubai property sector, this annual report offers investors, buyers, and sellers an insider look at the current state of the market, focusing on top areas and flagging important trends. Charlie Bannan, the recently promoted Managing Director at haus & haus commented: "Our Market Insights offer a unique overview across many of the main
New Record For Dubai As Luxury Home Sales Hit US$7.6 bn In 2023
The total number of US$10 million plus home sales in Dubai grew by 92.4 %to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank. The total value of sales above this price point grew by 91 % last year to US$7.6 billion, 28 % of which was achieved in Q4 alone. “Dubai has doubled down on its position as the world’s most active US$10 million plus homes market," Faisal Durrani, Partner – Head of Research, MENA, said, “Indeed, the voracity of international ultra-high-net-worth demand has also super-charged the US$25 million plus, or super-prime market. The number
New Record For Dubai As Luxury Home Sales Hit US$ 7.6bn In 2023
The total number of US$ 10 million plus home sales in Dubai grew by 92.4%to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank. The total value of sales above this price point grew by 91% last year to US$ 7.6 billion, 28% of which was achieved in Q4 alone. Faisal Durrani, Partner – Head of Research, MENA, said: "Dubai has doubled down on its position as the world's most active US$10 million plus homes market. The depth of demand from international buyers for Dubai's most luxurious homes is also reflected in the fact that city-wide
Azizi Developments’ Amber In Al Furjan Reaches 60% Completion Milestone
Azizi Developments, a leading private developer in the UAE, has announced the 60% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan. Amber comprises a mix of studios, one-, two- and three-bedroom residences, and is due for completion in Q2 2024. Amber’s structure is now 100% complete, with blockwork at 99%, internal plaster and MEP at 98% and 51%, HVAC and tiling works at 45% and 53%, and external works at 2%, respectively. The overall finishes are now at 46%. The total manpower is at 290. In his comments, Mr.Farhad Azizi, CEO of Azizi Developments,
Shamal Holding Breaks Ground On Exclusive Baccarat Hotel And Residences Dubai
In an exclusive ground-breaking ceremony, Shamal Holding, a diversified investment firm which manages a unique portfolio of investments, assets and experiences, has inaugurated the start of construction for the highly anticipated Baccarat Hotel and Residences Dubai. Set to open in 2026, the new Downtown lifestyle development will include two crystal-inspired towers cutting a new feature into Dubai’s skyline, containing Baccarat hotel suites and bespoke residences boasting the brand’s signature design. The luxury offering will be complemented by exceptional dining experiences and the highest quality amenities and services. An exclusive lifestyle development, Baccarat Hotel and Residences Dubai will blend Baccarat’s heritage of craftsmanship,
Official Launch: 25hours Heimat Brings A New Kind Of Branded Residence To Downtown Dubai
Ennismore, the fastest-growing lifestyle and leisure hospitality company, in collaboration with the developer East & West Properties and D&B Properties, proudly announce the official launch of the inaugural standalone branded residence by hospitality brand 25hours. The exclusive unveiling of 25hours Heimat Dubaitook place at the multiple award-wining 25hours Hotel in Dubai One Central on January 10th, drawing a distinguished audience of over 950 individuals, including the brand’s founder, shareholders, brokers, and end-users. Situated in the heart of Downtown Dubai with magnificent views of Burj Khalifa and Downtown Boulevard, 25hours Heimat represents a groundbreaking paradigm shift in downtown living, as evidenced by
Summary Of Weekly Real Estate Transactions For The Week Ending 12 January 2024
The real estate and properties transactions valued at 10.1 billion in total during the week ending 12 January 2024. The sum of transactions was 2,910. 209 plots were sold for AED 2.19 billion, 2,100 apartments and villas were sold for AED 4.84 billion. The top three transactions were a land in Al Hebiah Sixth sold for AED 138.65 million, followed by a land that was sold for AED 105 million in Business Bay, and a land sold for AED 47.36 million in Palm Jabal Ali in third place. Al Hebiah Fifth recorded the most transactions for this week by 44 sales transactions worth