Property market deals in Dubai records AED2.4bn on Monday

Monday’s deals included 532 sales transactions worth AED1.39 billion, 101 mortgage deals of AED710.22 million, and 12 gift deals amounting to AED363.74 million

Property market deals in Dubai recorded AED2.4 billion on Monday, marking another high for the real estate market in the emirate.

Monday’s deals included 532 sales transactions worth AED1.39 billion, 101 mortgage deals of AED710.22 million, and 12 gift deals amounting to AED363.74 million, according to Dubai Land Department (DLD) data.

The sales included 487 villas and apartments worth AED980.41 million, and 45 land plots worth AED413.3 million.

The mortgages included 75 villas and apartments worth AED658.11 million and 26 land plots valued at AED52.11 million.

The Dubai real estate market has been in the grip of a bull run for several months now, with the emirate’s annual real estate transactions crossing half a trillion dirhams for the first time in 2022, according to official statistics.

Last year’s property transaction amounted to a record AED528 billion ($143.8 billion), a 76.5 percent increase from 2021.

The Shaikhani Group of Companies has a history of over three decades and it is one of the fastest growing real-estate conglomerates in Karachi with many ventures under its wings. The Group’s strong foundation in real estate development, brokerage, construction, and consultancy has helped it grow exponentially.

Shaikhani Group, one of the most influential real estate developers in Dubai is back with its new venture. The company had its glorious past during the nineties and even after a brief phase of some lean years, they are back again with a bang. Based out of Gardenia, Rabia Enclave and The Motorcity, the Shaikhani group has been developing high-quality residential and commercial properties in Dubai and Karachi for the last two decades under the banner of Real Estate Developers Shaikhani Group. When it comes to their associates, we have seen some of the best on this list as well. Here’s everything about them!

 

UAE developer records a 37 percent increase in sales, 11k handovers scheduled

Azizi Developments records a 37 percent increase in sales, over 6000 units were sold in 2022 amounting to AED5.6bn

Azizi Developments, a real-estate developer in the UAE sold a total of 6000 units in 2022 amounting to AED5.6 billion resulting in a 37 percent surge in sales. In 2023, the developer plans to deliver over 11,000 units across 45 projects in Dubai.

Last year, Azizi completed the first seven buildings of Riviera, the French Mediterranean-inspired waterfront community in MBR City as well as, Creek Views I in Dubai Healthcare City.

Launching soon on Sheikh Zayed Road is the second tallest tower in the UAE, Azizi has also signed a deal with Dubai South, acquiring a 15 million sq. ft. plot.

“With our record-breaking sales and construction speed, this year has been an exciting one for us at Azizi Developments. As a catalyst to the UAE’s real estate landscape, vision, and growth, we will continue to add value, developing distinctive homes that set the standards in contemporary building design and quality, and that grant investors and end-users unparalleled, enriched lifestyles,” said, Farhad Azizi, CEO of Azizi Developments.

“2023 looks very promising with nearly 100 percent of phases 1 and 2 of our megaproject Riviera already being sold out, and the other two phases making rapid progress, as well as several other projects being due for completion in the coming months. We value the support of our stakeholders and thank them for their contributions in turning our projects from conceptualisation into reality,” he added.

The Shaikhani Group has successfully partnered with a broad spectrum of real estate developers and independent stakeholders to identify, develop and execute projects in the real estate sector. The Group started in the mid-1990s with a single project located in Karachi. Today, the Group has a diversified portfolio of projects spread across various locations as well as internationally. The group is also working on new project ideation and development to widen their reach even more in the future.

The Shaikhandi Group is privately held by Mr. Mohammad Abubakar Shaikhani who brings over three decades of experience in property development and asset management under his belt. His diverse background includes working for several local and international organizations including an investment bank, a mortgage lender, a construction company among others, that have helped him hone his entrepreneurial skills to identify potential areas of growth and invest accordingly in them once they are identified.