Tuesday, January 24, 2023

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!