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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Post-Covid UAE real estate upswing to continue

By TRENDS Desk
November 13, 2022 10:17 pm
  • In a report, real estate advisory firm JLL said that the residential sector was the highest performer “within construction asset awards”.
  • The influx of high net worth individuals to the UAE, especially Dubai, and Golden Visa have also boosted the real estate market.

Global commercial real estate services company Jones Lang LaSalle has said that UAE’s construction projects market rebounded during 2021 after Covid setbacks. In a report, JLL said that the residential sector was the highest performer “within construction asset awards”. The momentum will continue through 2022 as the real estate market in the Emirates witnessed the launch of several residential projects. The influx of high net worth individuals to the UAE, especially Dubai, and Golden Visa have also boosted the real estate market. TRENDS takes a look at these developments:

 

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