Summary of weekly real estate transactions for the week ending 24 November 2023

Dubai: The real estate and properties transactions valued at 9 billion in total during the week ending 24 November 2023. The sum of transactions was 1,852.

 384 plots were sold for AED 2.54 billion, 1,468 apartments and villas were sold for AED 3.38 billion.

 The top three transactions were a land in Business Bay sold for AED 140 million, followed by a land that was sold for AED 87.5 million in Wadi Al Safa 5, and a land sold for AED 55 million in Warsan Fourth in third place.

On the occasion of the 52^nd Union Day and in collaboration with the Innovation Experts Real Estate Institute

RERA offers 52 scholarships to citizens seeking to participate in a specialised training programme for real estate brokerage

Dubai, United Arab Emirates, 20 November 2023: In alignment with the UAE’s preparations to commemorate its 52nd Union Day, the Real Estate Regulatory Agency (RERA), an agency of Dubai Land Department (DLD), has partnered with the Innovation Experts Real Estate Institute to introduce an initiative aimed at empowering citizens in the real estate sector. This initiative involves offering 52 training scholarships for individuals to participate in a real estate brokerage course scheduled to take place from 27 to 30 November.

In this context, His Excellency Eng. Marwan bin Ghalita, CEO of RERA at DLD, said: “As we approach the UAE’s 52nd Union Day on 2 December, we reflect upon a journey marked by sustained national achievements and successes spanning various domains. These accomplishments have been realised since the establishment of the Union during the era of the late Sheikh Zayed bin Sultan Al Nahyan and continue to flourish to this day.”

Dubai Land Department directs property owners to engage accredited valuation offices for the implementation of corporate tax legislation

Dubai, United Arab Emirates, 12 November 2023: To reinforce transparency within the real estate market and promote adherence to relevant laws and regulations, Dubai Land Department (DLD) is committed to providing property owners with accessible resources. The official list of accredited companies and valuation offices is available on DLD’s official website (dubailand.gov.ae) and the Dubai REST app, all compliant with the prerequisites for implementing corporate tax per Decree Law No. 47 of 2022.These directives are thoughtfully designed to guide companies in preventing potential legal or financial infractions, thereby supporting continuous growth and contributing to the development and prosperity of Dubai’s real estate sector.

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.

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.