A breathtaking view of the Atlantis hotel at the Palm Jumeirah in Dubai.
Inayat-ur-Rahman, Business EditorDubai property prices continue to increase across various affordable and luxury segments as key areas record high numbers. Sales trends in the first half of the year indicate that average prices of affordable properties have increased up to 8 per cent while rates in upscale areas surged up to 19 per cent, according to the Zoom Property Insights.
Data from Dubai Land Department (DLD) showed that the first working Friday witnessed 173 sales transactions worth Dhs2.38 billion, 12 of which were plots of land worth Dhs451.16 million and 161 were apartments and villas worth Dhs1.93 billion.
Business Bay and Dubai Marina continue to dominate the Dubai property market in 2022 as these areas remain the preferred choices of buyers and tenants alike throughout the year, says a latest report.
With a nearly 1.8 per cent price increase in October and a similar trend in November, the Dubai property market is heading for a strong fourth quarter and end to the year as the investors
Expanding its global footprint, Havells Partners with TeknoDome to roll out Lloyd’s range.
The CEO of Masdar said that Masdar has contributed significantly to achieving the country’s goals in the field of renewable energy and has played a pivotal role in diversifying the UAE’s portfolio of renewable energy..
The COP28 opened its doors to the public in Dubai as the off-plan super prime real estate sector in Dubai continues to grow from strength to strength with high interest and record sales prices being attained in new luxury projects.