Skip to main content

Posts

Showing posts with the label Dubai

Rise of Dubai Real Estate Transactions

  Dubai Real Estate Records Transactions worth AED 780 Millions The Dubai real estate market recorded 246 sales transactions worth AED610.89 million and mortgages worth AED151.82 million, along with 10 gift transactions worth AED17.58 million by 20 December, according to data released by the emirate’s Land Department (DLD). The sales included 223 villas and apartments valued at AED 503,64 million, and 23 land plots valued at AED 107.25 million. The mortgages included 38 villas and apartments valued at AED 110,84 million, and 18 land plots valued at AED 40.99 million, bringing the total real estate transactions to AED 780 million. Leave your comment below, Subscribe to our weekly Newsletter . FOR MORE INFORMATION ....................................................................................................... Call / WhatsApp +971 52 446 9164 Email : [email protected]  Visit :  www.housefinder.ae .........................................................................

UAE Central Bank set to improve Banks Real Estate Lending

    UAE Central Bank launches framework to improve oversight of real estate lending The new standards cover all types of on-balance-sheet loans and investments and off-balance-sheet exposure to the real estate sector, the regulator said in a statement on Monday. Improved regulation will allow the adoption of best practice in bank real estate financing and risk management, the CBUAE said “The CBUAE has developed a novel, risk-based methodology to enhance monitoring and supervision of bank real estate exposures," said Khaled Balama, governor of the CBUAE. "These new standards will enhance best practice in real estate financing in the UAE and facilitate the safety and soundness of our financial system.” Lenders in the country will continue to play a "crucial role" in financing real estate and construction sectors, which are key parts of the UAE economy, he said. UAE banks’ lending to the real estate sector grew by 7.4 per cent in 2020, slower than 7.9 per cent recorded...

Davinci Tower by Pagani

  Pagani known for its hypercars will be doing the interiors at DaVinci tower Dubai: The Saudi mega-developer Dar Al Arkan is retaining its Italian connections for its second Dubai property launch in two months. This time, the interiors of the Dh800 million super-exclusive residential project on the shores of the Dubai Water Canal will be done by Pagani – the Italian label associated with the world of high-performance automobiles. There will only be 80 units at the DaVinci Residential Tower, with prices starting from Dh5.5 million to a penthouse valued at Dh42 million. Sales start next week. Dar Al Arkan is coming off the launch of another luxury project in Dubai, its first in Dubai, and where another Italian brand, Missoni, came on board for the interiors. “Pagani is in a world of its own, making only about 50 hypercars every year,” said Ziad El Char, Vice-Chairman of Dar Al Arkan Properties. “We have the brains behind those cars - Horacio Pagani – involved in the detailing of th...

One Za’abeel Project is set to start sales of Luxurious Residential Units

  One Za’abeel, new landmark in Dubai, is set to introduce sales of its ultra-luxurious residences soon Dubai:  Want to buy a home at Dubai’s next most prestigious address? Could it be included in the Guinness World Records? Hopefully, that will be possible soon. That’s right, the 263 super-luxury apartments located in one tower at One Za’abeel near the World Trade Centre roundabout will soon be for sale. The sale has been announced in advance to potential investors, but no details regarding the likely price range have been released. All indications suggest a wide range of pricing options will be made available.  “One Za’abeel along with The Royal Atlantis Resort & Residences are two of the most eagerly awaited completions in 2022-23,”  said an estate agent dealing in super-premium homes.  “The Royal Atlantis has already seen some prominent deals, but there is a Dh200 million penthouse unit that’s still listed.” One Za’abeel is scheduled for completion in 20...

Another prestigious Projects launched in Dubai

 LUNARIA LUXURY VILLAS LAUNCHED IN AL BARARI   WHAT IS AL BARARI?  A unique destination. A place where you can live, stay, play, shop, dine, and work. From the Arabic word meaning ‘wilderness’, Al Barari is the region’s first integrated luxury and active eco-conscious development. A strategically located green community in the heart of the city providing an environment that enhances wellness for residents and visitors alike. The Green Heart of Dubai   WHAT IS LUNARIA VILLAS? The collection of 40 limited six-bedroom villas offers distinctive  green living with inspired architecture and captivating views amid  a relaxed and elegant atmosphere.  Lunaria is a continuation of Al Bar ari’s story and will be built to  the same standard of excellence that the community prides itself on. The exterior contrasts with a glossy white interior. The ground floor has a modern open kitchen,  a large living room overlooking the water and a spacious  recep...

MEGA OPEN HOUSE EVENT IN DUBAI

  BE PART OF THE BIGGEST OPEN HOUSE EVENT OF THE YEAR. As we wrapping up the year, House Finder has taken a step to bring upon all real estate investors and more other people interested in Dubai real estate to gather up in Sobha Hartland for a grand upcoming open house event dated on 4th December 2021. WHAT TO EXPECT ON THAT DAY   Special offers and payment plans for all those who will be able to book any unit on that day  Free tours and guides all around the Community all day long  Free consultation on real estate investment  Sobha experience room tour   Interaction with experts and professionals in Dubai real estate.  Special discounts on Exclusive properties, Land plots and Others. WHAT IS SOBHA HARTLAND?      ABOUT HARTLAND   An Unparalleled Lifestyle In The Heart Of Dubai.Inspiring lifestyle, comfort and luxury living in every detail, Sobha Hartland is an 8 million sq. ft waterfront community of luxurious apartments, beaut...

LAST PLOT IN DIFC DUBAI SOLD FOR 💲81 MILLIONS

  Land plot sold for 81 millions Dubai International Financial Centre’s (DIFC) last remaining land plot was sold for AED289million ($78.7m) to a private family developer represented by Luxhabitat Sotheby’s International Realty. Global real estate consultancy firm Knight Frank and CoReal have advised Emirates NBD on this successful first private sale of the 197.8k sqft plot with an estimated total build-up area of 2.2m sqft. Located next to Burj Daman and opposite ICD Brookfield, the plot had been originally purchased in 2010 by Al Rihab Real Estate and was later subject to the first ever repossession order in 2021, granted by the DIFC courts in favour of Emirates NBD after a lengthy legal case The bank then appointed Knight Frank and CoReal to sell the plot through a private treaty sale process, which received multiple buyer interest from across the world through several bidding rounds. The advisors said that the final price of AED289m, which was a cash transaction, demonstrates no...