Category Archives: Real Estate

Real Estate

Danube Properties allocate real estate units worth AED 25 million to support MBRGI programs

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Danube Properties becomes the first developer in the region to allocate real estate units worth AED 25 million to support MBRGI programs

UAE, Dubai – 27 October 2023: Danube Properties announced it is allocating real estate units at a value of AED 25 million in support of charity and humanitarian programs carried out by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI).

Danube pledged to allocate real estate units over the next five years to support programs launched by MBRGI, the largest foundation of its kind locally and regionally, which aims to support vital sectors in relevant countries, and find solutions for cultural, knowledge, economic, social, health, environmental and humanitarian challenges. This is the first contribution of its kind for any real estate developer in support of MBRGI’s property endowment projects.

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Real Estate

Summary of weekly real estate transactions for the week ending 27 October 2023.

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Summary of weekly real estate transactions for the week ending 27 October 2023.

Dubai: The real estate and properties transactions valued at 23.38 billion in total during the week ending 27 October 2023. The sum of transactions was 1,761.

 265 plots were sold for AED 2.84 billion, 1,496 apartments and villas were sold for AED 3.71 billion.

 The top three transactions were a land in Al Yufrah 1 sold for AED 74.78 million, followed by a land that was sold for AED 64.88 million in Al Hebiah Fourth, and a land sold for AED 61.92 million in Al Goze Second in third place.

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Real Estate

Pantheon Development’s Elysee Heights in JVC Attains 100% Sales Achievement

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Pantheon Development’s Elysee Heights in JVC Attains 100% Sales Achievement

AED 150 million project to add value to the affordable luxury residential development niche in Dubai

Dubai:The latestproject from Pantheon Development, Elysee Heights in Jumeirah Village Circle (JVC), has been sold out 100 per cent, endorsing the rising demand and investor affinity for the niche affordable luxury residential segment.

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Real Estate

The UAE’s residential market continues to showcase strong levels of demand in Q3, says CBRE

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The UAE’s residential market continues to showcase strong levels of demand in Q3, says CBRE

CBRE releases its UAE Residential Market Review Q3 2023

Dubai – October 26, 2023 – The UAE’s residential market continues to showcase strong levels of demand, which is helping maintain strong performance in Q3 2023.

Taimur Khan, Head of Research – MENA at CBRE in Dubai

In Abu Dhabi, the total volume of residential transactions reached 2,930 in Q3 2023, up by 84.3% from the year prior. This increase has been underpinned by a 101.6% growth in off-plan market sales and a 46.0% increase in secondary market sales. In the year to date to Q3 2023, a total of 7,844 transactions were registered, marking a year-on-year growth of 91.1%. Over this period, off-plan transactions grew by 135.5%, and secondary market transactions rose by 22.7%. In the year to the third quarter of 2023, average apartment prices in Abu Dhabi increased by 0.9%, whilst average villa prices marginally dropped by 0.1%.

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Real Estate

MERED wins ‘New Market Entry’ at Construction Innovation Awards 2023

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MERED wins ‘New Market Entry’ at Construction Innovation Awards 2023

26 October 2023; Dubai, UAE: MERED, the reputed international real estate developer, has announced its coveted win for the New Market Entry category at the Construction Innovation Awards 2023.

The awards ceremony held at Sofitel Dubai The Palm, MERED received recognition for its impactful entry into the UAE market with the aim of pushing the boundaries in the design and engineering of high-end destinations, and for its cohesive strategic direction aligned with the government’s goals for the country’s development. The company brings together industry expertise from around the world to craft exceptional lifestyles that enrich and prosper customers while remaining relevant for today and tomorrow.

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