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
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.
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!
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