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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...

UAE Top Real estate and Construction Companies 2021

  Top 50 Real Estate and Construction Companies 2021 The Forbes Middle East has released its  ‘Top 50 Real Estate Developers In Mena 2021’  list, which features companies that have delivered some of the most significant projects in the region this year. Based on financials, reputation, the company’s age, the value of projects completed and under construction, as well as the size of the land bank and units held by the company, the list was developed. The list does not include developers whose projects are not yet functioning, as it only includes developers who have delivered their projects. Emaar Properties, based in the UAE, topped the list with assets valued at $34 billion as of September 2021. Emaar Properties is one of the largest publicly-listed real estate companies in the Gulf Cooperation Council. Aldar Properties of Abu Dhabi placed second, with total assets of $11.3 billion as of September 2021. In December 2021, an Aldar-ADQ consortium acquired 85.5 percent of SO...