UAE real estate makes steady progress in early 2023 – MEED
- Date: 23-May-2023
- Source: MEED
- Sector:Real Estate
- Country:UAE
UAE real estate makes steady progress in early 2023 – MEED
CBRE reports increased activity across all sectors during the first quarter of this year
The UAE's real estate market started the year 2023 on a robust note, showing increased activity levels across all sectors during the first quarter, according to the latest report by property consultant CBRE.
The report shows an upward trend in rental performance in Abu Dhabi’s office sector. Average Prime, Grade A and Grade B rents rose by 19.1 per cent, 8.8 per cent, and 10.7 per cent respectively, year-on-year to the first quarter of 2023.
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Dubai-based real estate developer #DAMAC sells a three-year $400 million Islamic bond, or sukuk, less than initially expected, with a yield of 7.75 percent, a bank document shows.
https://english.alarabiya.net/business/2023/04/18/UAE-property-developer-DAMAC-sells-400-mln-Islamic-bond-
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When it comes to purchasing real estate, everyone's preferences are different. For me, a good view goes a long way - especially here in the UAE. What factor is top of your list when buying a new property? Alternatively, let me know in the comments if you have other priorities.
The cost per square meter in Dubai will increase by 13.5%
Over the past year, the real estate market in the UAE has successfully overcome the attachment of housing prices to the global energy crisis.
https://owrealty.ae/en/stoimost-kvadratnogo-metra-v-dubae-vyrastet-na-135/
https://owrealty.ae/en/stoimost-kvadratnogo-metra-v-dubae-vyrastet-na-135/
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Russian purchase of foreign real estate.
Turkey, the UAE and Georgia top the chart but taken as a whole the EU is higher than anywhere else.
Somebody is flouting sanctions #BetterCallTom
Inside Dubai Crocodile Park that opens today in time for long Eid Al Fitr weekend
https://www.khaleejtimes.com/travel/uae-attractions/look-inside-dubai-crocodile-park-that-opens-today-in-time-for-long-eid-al-fitr-weekend
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When it comes to purchasing real estate, everyone's preferences are different. For me, a good view goes a long way - especially here in the UAE. What factor is top of your list when buying a new property? Alternatively, let me know in the comments if you have other priorities.
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#MiddleEast: #Dubai-based real estate developer #DAMAC plans to sell a benchmark-sized three-year Islamic bond, or sukuk, on Tuesday, a bank document showed, following a series of investor calls and meetings that kicked off last week.
https://www.lbcgroup.tv/news/middleeast/698043/uae-property-developer-damac-to-sell-3-yr-islamic/en
Fueled by a steady influx of #tourists, the #UAE’s hospitality sector witnesses a strong growth trajectory in the first quarter of 2023, according to the latest JLL UAE Real Estate Market Overview Report.
https://english.alarabiya.net/business/economy/2023/04/18/Dubai-welcomes-over-1-47-mln-tourists-in-Jan-setting-a-positive-pace-of-growth-JLL
#Dubai-based real estate developer #DAMAC plans to sell a benchmark-sized three-year Islamic #bond, or sukuk, a bank document shows, following a series of investor calls and meetings that kicked off last week.
https://english.alarabiya.net/business/markets/2023/04/18/UAE-property-developer-DAMAC-to-sell-3-year-Islamic-bond
Dubai logs over $490.1mln in realty transactions Monday
#dubai #uae #RealEstate
https://www.zawya.com/en/business/real-estate/dubai-logs-over-4901mln-in-realty-transactions-monday-jnlir7ak
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According to data provided by Dubai's Land Department (DLD), the real estate market in Dubai saw 496 sales transactions worth AED1.67 billion on Monday.....
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There is some movement noticed in Dubai and London real-estate markets after the news of funds, coming to Pakistan from Saudi Arabia and UAE.
During the week ending April 15, 2023, Dubai real estate and property transactions totaled AED 10.28 Billion, with a total of 2,220 transactions.
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Research indicated the travel and tourism sector of UAE contributed to circa 6.6% of the GDP in 2021 as compared to circa 6.4% for the GCC.
Read the full article on “Real Estate & Hospitality Thought Leadership series” here:
https://www.rsm.global/uae/insights/consulting-insights/real-estate-hospitality-thought-leadership-series
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