Dubai property market on fire as transactions hit $4bn in one week

A total of 2,867 real estate transactions worth more than $4.08bn (AED15bn) were recorded in Dubai this week, according to the latest report from the Dubai Land

Department (DLD).

This includes 313 plots sold for a total of $427m (AED1.57bn), which is the most transactions for this week. The sum of mortgaged properties for the week stood at $2.3bn (AED8.43bn).

This week, the sum of mortgaged properties stood at $2.3bn (AED8.43bn). This is a significant increase from last week when the sum was $1.7bn (AED6.29bn). The increase can be attributed to the fact that more people are taking out mortgages to buy property.

This is great news for the Dubai real estate market and shows that it is still going strong despite the current global pandemic. Meanwhile, 145 properties were granted between first-degree relatives worth $142.3m (AED523m).

In conclusion, the Dubai property market is on fire as transactions hit $4bn in one week. This is a remarkable turnaround from the market crash of 2008 and is a testament to the strength of the Dubai economy. With prices expected to continue to rise, now is the time to invest in Dubai real estate.

Shaikhani Group, a real estate developer in Dubai and Karachi, is back with its new venture. The company has been working on this project for a while and is excited to finally share. The new venture is a luxury development that will be in the Dubai and Karachi. They are soon going to deliver Gardenia, Rabia Enclave and The Motor city. These are all great places to live, work and play. They offer a wide variety of amenities and each one is unique. You can't go wrong with any of these three choices.

Developing high-quality residential and commercial properties is one of the most important things that a company can do. It is important to make sure that the properties are well-designed and built to last. In addition, it is important to make sure that the properties are affordable for the people who will be living in or using them last two decades under the banner of Real Estate Developers Shaikhani
Group Dubai

Dubai ranked as world leader for branded residences

 

Supply levels are forecast to grow as brands identify areas popular with high-net-worth individuals, such as the UAE

 

Dubai has been ranked as the world's leading administrator of branded residences, based on a recent report. The marketplace has grown by more than 150 percent over the last decade, and it has proven to be resilient during difficult periods.

Dubai has 40 branded residences plus a pipeline set to elevate that number to more than 70. South Florida and New York City rank second and third in terms of destinations for completing and existing pipeline.

That is, worldwide business is launching new store locations to expand and affluent, globally-mobile individuals will create demand for branded dwellings. According to Swapnil Pillai of Savills Middle East, this will continue to drive demand for high-end properties.

High-value corporations are figuring out how to obtain their home bases by learning which parts of HNWI [high net worth individual] towns are seeing the largest rates of population growth. Over the past 5 years, HNWI census correlates with the highest growth rate in North America (53 percent), followed by the Middle East (34 percent) and Asia Pacific (31 percent) to the strongest increase of branded residence stock over the same period.”

The researchers praised the number of millionaires in the Emirates, Nile, the Arabian Peninsula, and the Levant. UAE, Saudi Arabia, Kuwait, and Qatar are expected to also see growth in the number of high-net-worth individuals.

A rapid increase in wealth is being driven by growth in financial and real assets. About 41% of the nation's wealth is predicted to come from the HNWIs in 2026 and is anticipated to rise to 43% by that year.

Despite prior higher-than-average trends in high-end housing developments in popular areas of Dubai, South Florida, and New York, slowing branded residential growth is now seen in these areas.

Knight Frank published a report indicating that Dubai now contained two clear concentrations of branded homes: Central Dubai, extending from Downtown Dubai along the Dubai Canal, out to Jumeirah, and New Dubai, comprising The Palm Jumeirah, Dubai Marina and Jumeirah Lakes Towers.

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 Motor city, 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!