Dubai luxury off-plan market logs AED 4.96 bn in May sales
Dubai's luxury off-plan residential sector generated nearly AED 4.96 billion in May from properties priced above AED 5 million, according to market analysis by the Keturah luxury brand.
Dubai's luxury off-plan residential sector generated nearly AED 4.96 billion in May from properties priced above AED 5 million, according to market analysis by the Keturah luxury brand.
Sharjah's property market recorded AED 3.1 billion in real estate transactions across 7,119 deals in May, with total traded area in sales transactions reaching approximately 9.5 million square feet, according to the Sharjah Real Estate Registration Department.
Dubai's real estate market recorded AED 21 billion in transactions over the past week, according to the Dubai Land Department, extending a sustained run of elevated weekly volumes that has seen recent weeks register AED 15.2 billion and AED 14.7 billion respectively.
Aldar has sold out Al Ghadeer Gardens on its launch day, generating more than AED 1 billion in sales from the 437-villa and townhouse community positioned along the Abu Dhabi-Dubai border.
The UAE real estate sector has demonstrated notable resilience in the face of regional instability, with 59 new projects worth AED 118.3 billion launched since the military conflict involving the US, Israel and Iran escalated on 28 February.
Abu Dhabi developer Aldar Properties has purchased a residential and community retail development in Dubai Studio City from private developer SRG for AED 1.1 billion.
Abu Dhabi Real Estate Centre reported over AED 13 billion in residential sales across 3,200+ transactions in April, rebounding from March levels.
Meraas, part of Dubai Holding Real Estate, has awarded AED 2.4 billion in contracts for new phases of The Acres and The Acres Estates in Dubailand.
Saudi Arabia has unveiled Jawharat Al Arous, a SAR 8 billion (USD 2.1 billion) private sector residential development in Jeddah spanning 107 million sq m.
Dubai Land Department has removed the AED 750,000 minimum property threshold for two-year investor residency visas, allowing any sole property owner to qualify.
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