• Residential demand buoyed Qatar’s property sector in 2023

    Doha, Qatar - Residential demand continued to buoy the country's property sector in Q4 2023, hapondo, a homegrown property portal, revealed in its Qatar's Property Report.  The report pointed out that despite a decrease in real estate transaction volume to QAR 16.7 billion ($4.6 billion) from QAR 21.2 billion ($5.82...
  • Abu Dhabi Judicial Department’s Auction App generated $925m in property sales

    Abu Dhabi, UAE - Since its launch in June 2022 through mid-February 2024, the Abu Dhabi Judicial Department's (ADJD) Auction App has generated over AED3.4 billion ($925 million) in sales. In more detail, 333 properties worth AED3,401,835,871 ($926,361,975), have been sold in addition to 1013 vehicles valued at AED78,277,025 ($21,334,933),...
  • Dubai Land Department records $172bn in realty deals in 2023

    Dubai, UAE -- The Dubai Land Department (DLD) records an all-time high of 1.6 million transactions worth AED 634 billion ($172 billion) in 2023. The value of transactions increased by 20 percent and the number of transactions surged by 36 percent. Real estate investments' value grew by 55 percent during...
  • Real estate workforce in Saudi Arabia soars to 26,000 after localization push

    Riyadh, Saudi Arabia - The Saudi real estate sector has witnessed a remarkable surge in local employment, boasting a substantial increase from 12,000 to over 26,000 citizens working in the industry since July 2021. The significant 116% leap comes in the wake of the government's decision to prioritize the localization...
  • Dubai’s weeklong real estate transactions exceed AED10.3bn

    Dubai, UAE -- The total value of real estate transactions conducted in Dubai during the week ending 10 November 2023, exceeded AED 10.3 billion ($2.80 billion), according to figures released by the Dubai Land Department (DLD). The DLD report showed that 1,782 sales transactions worth AED7.4 billion were conducted, with...
  • Dubai records realty deals worth $6.28 bn during week ending 25 Aug

    Dubai, UAE -- A total of 3,229 real estate transactions worth over AED 23.1 billion ($6.28 billion) were conducted during the week ending 25th August 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 183 plots were sold for AED 1.33 billion, while...
  • Dubai real estate market records deals worth $653 million

    Dubai, UAE -- Dubai's real estate market recorded deals worth AED 2.4 billion ($653 million) on Thursday, according to Dubai Land Department. The deals included 591 sales transactions worth AED1.76 billion on Thursday, in addition to 125 mortgage deals totaling AED613.72 million, and 36 gift deals amounting to AED98.44 million....
  • Dubai’s realty transactions exceed AED2bn Tuesday

    Dubai, UAE -- Dubai's real estate market recorded real estate deals worth more than AED 2 billion ($544 million) on Tuesday, Dubai Land Department said. The deals include 433 sales transactions worth AED1.7 billion, in addition to 90 mortgage deals totaling AED270.28 million, and 37 gift deals amounting to AED69.36...
  • Dubai records $3.70 billion in weeklong real estate transactions

    Dubai, UAE -- A total of 3,244 real estate transactions worth over AED 13.6 billion ($3.70 billion) were conducted during the week ending 7th July, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 323 plots were sold for AED 3.33 billion, while...
  • Dubai records over US$1.2bn in realty transactions

    DUBAI, UAE - Dubai's real estate market recorded 638 sales transactions worth US$503 million (AED1.85 billion) on Tuesday, data released by Dubai's Land Department (DLD) showed. The market also recorded 130 mortgage deals totaling US$732 million (AED2.69 billion), and 21 gift deals amounting to US$59.5 million (AED218.56 million). The sales...
  • Dubai records $2.45 billion in weekly real estate transactions

    Dubai, UAE -- A total of 3,397 real estate and properties transactions valued at AED 9 billion ($2.45 billion) were conducted during the week ending 9 June 2023, according to the Dubai Land Department (DLD). The DLD data showed that 204 plots were sold for AED 1.52 billion, 2,562 apartments...
  • Dubai records over $544 million in real estate transactions

    Dubai, UAE -- Dubai real estate market has recorded deals worth AED 2 billion ($544 million) on Monday, Dubai Land Department said. The deals include 638 sales transactions worth AED 1.79 billion, in addition to 116 mortgage deals of AED188.46 million, and 17 gift deals amounting to AED 29.45 million....
  • $124m plot of land among $2.83bn weekly realty deals in Dubai

    Dubai, UAE – A plot of land that sold for AED456.25 million ($124.23 million) in Business Bay was the most valuable of the 2,739 real estate deals worth AED10.4 billion ($2.83 billion) conducted during the week ending 7 April 2023. The Dubai Land Department said in its weekly report that...
  • Weeklong real estate deals worth $3.51 billion recorded in Dubai

    Dubai, UAE -- Dubai recorded a total of 3,332 real estate transactions worth AED 12.9 billion ($3.51 billion) during the week ending 10 March 2023, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 274 plots were sold for AED 3.17 billion, while 2,370...
  • Dubai records over $843 million in realty transactions

    Dubai, UAE-- Dubai real estate market recorded deals worth AED3.1 billion ($843 million) on Wednesday, according to Dubai Land Department. The deals included 598 sales transactions worth AED1.55 billion, in addition to 68 mortgage deals of AED1.48 billion on Thursday. The sales included 547 villas and apartments worth AED1.13 billion,...
  • Realty growth in Saudi Arabia, UAE to build on strong private sector and robust spending via govt initiatives

    While 2022 saw record levels of demand for commercial office space as a result of ‘Programme HQ’, 2023 looks set to be dominated by the delivery of high quality residential-led mixed use schemes and a continued focus on tourism, leisure and entertainment projects, adds Burch, Partner and Head of Real...
  • Dubai records real estate deals worth $571 million on Thursday

    Dubai, UAE---Dubai real estate market recorded realty transactions worth AED2.1 billion ($571 million) on Thursday, Dubai Land Department said. The transactions included 401 sales deals worth AED1.69 billion, in addition to 77 mortgage deals of AED324.64 million, and 13 gifts deals amounting to AED132.47 million on Thursday. The sales included...
  • Dubai records weeklong realty transactions worth $2.49 billion

    Dubai, UAE---A total of 2,317 real estate transactions worth AED8.9 billion ($2.49 billion) were conducted during the week ending 16 September 2022, according to figures released by the Dubai Land Department. A total of 227 plots were sold for AED4.35 billion, and 1,560 apartments and villas were purchased for AED3.44...
  • UAE stocks post gain of US$2.72bn in market cap

    The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals.
  • Dubai records over US$653m in realty transactions on Monday

    DUBAI, UAE - Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released by Dubai's Land Department (DLD) showed. Additionally 93 mortgage deals of $53 million ( AED197.58 million) and 23 gift deals amounting to $233 million (AED858.27 million), the DLD revealed. The...
  • Realty, banking blue chips continue to power UAE markets

    Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent respectively.
  • Reforms make Dubai region’s most open realty market

    Revised lending norms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global Real Estate Transparency Index.
  • Abu Dhabi’s realty transactions exceed Dh11.3b in Q1 2022

    The transactions included the buying, selling, and mortgages of all types of lands, buildings, and real estate.
  • Dubai saw weeklong real-estate transactions worth $2.12bn

    The total number of real-estate transactions that took place was 1,968, according to data from the Dubai Land Department.
  • Dubai records realty transactions worth $463m on Thursday

    The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14.
  • Dubai records realty transactions worth more than $430m on Monday

    Dubai’s real-estate market on Monday recorded a total of 301 transactions with a total value of AED1.59 billion ($433.22 million).
  • Dubai records $4.4 billion realty sales in September, highest since 2013

    The months leading up to the launch of Expo 2020 Dubai witnessed a surge in realty transactions, with September recording sales worth AED16.2 billion, the highest monthly sales since December 2013. A total of 5,762 sales transactions in September bring the year-to-date total value to over AED100 billion, according to...
  • Dubai records $327m realty deals in week ending Wednesday

    The deals consisted of 266 real estate sales transactions worth AED849.88 million.
  • Dubai realty sales: Apartment in Marsa sold for $110m

    88 plots of land sold for AED 620.22 million, and 1,135 apartments and villas were sold for AED 2.27 billion.