Real Estate

“W Capital”: The top 10 land deals in 2023 worth Dhs8.6bn

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“W Capital”: The top 10 land deals in 2023 worth Dhs8.6bn

*Land sales reflect the strong momentum within the Dubai real estate market

*The rebound in land sales reflects developers’ ambitious plans to launch new projects,

Walid Al Zarooni:

Dubai,22 October 2023: “W Capital”, a leading real estate brokerage based in Dubai, followed up the 10 largest deals of land selling in the Dubai since the beginning of this year, with a total value of Dhs8.6bn.

The study based on data from the Dubai Land Department -DLD, showed that the largest land sale deal in terms of value and area was in the “Maqtarah” area, for residential purposes, worth Dhs3.87bn, with an area of 203.1 million square feet, at 19 dirhams per foot.

In second place was the deal of a plot of land for residential purposes, also in Maqtarah, worth Dhs1.834bn, with an area of 2.75 million square feet, at a price of 666.2 dirhams per foot.

The deal of residential purposes plot in “Al Sufouh2” came third, with an area of 33.108 million square feet, worth Dhs630.79mn, at a price of 19.05 dirhams per foot.

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Featured

Global IT Challenge for Youth with Disabilities 2023

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Global IT Challenge for Youth with Disabilities 2023 to be held for the first time in Abu Dhabi from October 25 to 27, has seen five out of eight Emirati teams qualify for the final rounds.

Abu Dhabi, United Arab Emirates; October 22, 2023: Abu Dhabi Emirate is hosting the final round of the Global IT Challenge for Youth with Disabilities 2023 from October 25 to 27, marking the first time in the Middle East and North Africa. The event is bringing together 87 participants from 15 countries at the Abu Dhabi National Exhibition Center (ADNEC), while approximately 406 participants are joining online from 13 countries. The competition is organized by Zayed Higher Organization for People of Determination in collaboration with the Ministry of Health and Social Care in South Korea and LG Electronics.

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Business & Investments

WakeCap CEO to speak at ConFex KSA on Oct 24

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WakeCap CEO to speak at ConFex KSA on Oct 24: Data-driven solutions are the future of construction safety.

Hassan Albalawi, WakeCap CEO and Co-founder

Riyadh, Saudi Arabia; 22 October 2023:  WakeCap, an industry leader for data-powered site visibility, presents its innovative site management technology at the upcoming Construction Technology ConFex KSA this October 23-24 2023. Taking place at Crowne Plaza Riyadh RDC Hotel & Convention, the event will see WakeCap driving discussions about the future of construction safety using its smart hard hat solution.

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Real Estate

Summary of weekly real estate transactions for the week ending 20 October 2023.

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Summary of weekly real estate transactions for the week ending 20 October 2023.

Dubai: The real estate and properties transactions valued at 8.2 billion in total during the week ending 20 October 2023. The sum of transactions was 1,524.

 232 plots were sold for AED 2.57 billion, 1,292 apartments and villas were sold for AED 3.08 billion.

 The top three transactions were a land in Al Hebiah Fourth sold for AED 65.13 million, followed by a land that was sold for AED 56.67 million in Al Thanayah Fourth, and a land sold for AED 51 million in Al Yufrah 4 in third place.

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Featured

Jawaher Al Qasimi directs The Big Heart Foundation to provide urgent aid of AED 30 million to affected Palestinians in Gaza

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Jawaher Al Qasimi directs The Big Heart Foundation to provide urgent aid of AED 30 million to affected Palestinians in Gaza

The humanitarian leaders fondly reminiscences that the starting point of globally admired The Big Foundation was a campaign in 2009 to support the UAE’s Palestinian sisters and brothers  

Sharjah, 21 October 2023

Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Wife of His Highness the Ruler of Sharjah, Chairperson of The Big Heart Foundation (TBHF) and UNHCR Eminent Advocate, has promptly responded to the acute crisis on the Gaza strip that has left millions of Palestinians, including women, children and the elderly, under siege.

The globally admired humanitarian leader has directed TBHF, a leading Sharjah-based global humanitarian organization dedicated to helping refugees and the needy worldwide, to provide critical aid worth AED 30 million to the victims of the devastating ongoing war in Gaza.

Continue reading Jawaher Al Qasimi directs The Big Heart Foundation to provide urgent aid of AED 30 million to affected Palestinians in Gaza →

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