A total of 2,926 real estate transactions worth over AED 9.1 billion were conducted during the week ending 23rd December, 2022, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 159 plots were sold for AED 877.59 million, while 2,233 apartments and villas were purchased for AED 5.44 billion.
The top three transactions were a land in Business Bay sold for AED 100 million, followed by a land that was sold for AED 96.5 million in Al Safouh First, and a land sold for AED 100 million in Business Bay.
Now, let’s take a look at some of the property news that caught our attention last week. I’ve included the summary of each article below.
Demand for Dubai staff accommodations up as investments, workforce expand
Demand for corporate housing in Dubai has increased, as more investments flow into the UAE and the workforce population expands amid government reforms and initiatives that seek to promote the country as a talent and investment destination.
CHECK OUT These Bollywood and Hollywood stars own LUXURIOUS properties in Dubai!
Celebrities are renowned for leading opulent lives, which they have attained via long hours of dedication to their chosen professions. Many A-listers make real estate investments and own multiple properties. Here are a few famous people who consider Dubai to be their second home.
Dubai developer Deyaar plans new projects worth $82m as UAE property market rebounds
Dubai property developer Deyaar plans to launch three new projects worth Dh300 million ($82 million) as it focuses on expanding its real estate portfolio amid higher demand from buyers.
Asteco wins ‘Real Estate Agency of the Year’ Award at the IRECMS Dubai Awards 2022
Asteco Property Management, a leading real estate services company, has won the ‘Best Real Estate Agency of the Year’ title at the International Real Estate Community Management Summit (IRECMS) Dubai Awards 2022 that took place recently in Dubai.
Dubai’s most expensive homes: Penthouse in Jumeirah ready to move in for Dh120 million
The emirate’s real sector has been booming throughout the year and in one of the most expensive listings lately, a Jumeirah penthouse has been put up for Dh120 million.