Winning Edge Real Estate

April 2024 Sales Transaction: Dubai Real Estate #dubairealestate

The Dubai government has approved designs for a new passenger terminal at Al Maktoum International Airport and has started construction at a cost of Dh 128 billion. Dubai International Airport (DXB), which is being expanded to handle 120 million passengers a year, will likely be shut down once the transition is completed in a decade to the new passenger terminal at Al Maktoum International. #Dubainews

UAE Govt Approves AED 80 Billion Sewerage System Upgrade to Enhance Rain and Flood Resilience. In response to unprecedented weather conditions that left parts of the Gulf nation underwater, UAE President Sheikh Mohamed bin Zayed Al Nahyan has initiated a comprehensive assessment of the country's infrastructure. #dubainews

Unprecedented demand for the Dubai property market has prompted developers to launch new projects. #dubairealestate

Amidst the vastness of the cosmos, Earth remains our fragile oasis. Let's unite in reverence and responsibility to preserve its irreplaceable wonders. #earthday

Dubai's total value of luxury homes sold during Q1 amounted to $1.73 billion, reflecting a 6% rise from Q1 2023. This growth further solidifies Dubai’s position as the world’s busiest market for homes priced at $10 million or more. Knight Frank data revealed that the Palm Jumeirah dominated the luxury homes market during Q1, registering deals worth $628 million, accounting for 36.3% of total sales by value. An analysis from global property consultant, Knight Frank said that a total of 105 homes priced above $10 million were sold in Dubai during the first quarter of the year, marking a 19% increase compared to last year. #dubainews #realestate

Industry insiders revealed that more Dubai investors are considering investments in Real Estate Investment Trusts (REITs) than ever before. “Overall interest in REIT investments across the UAE, including Dubai, has been steadily increasing, providing a stable stream of income, with returns on investments typically around 8% This comes almost 8 years since the UAE government implemented legal and regulatory frameworks to permit investments in REITs. #dubairealestate

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Dubai Real Estate Sales Transaction - March 2024 #realestatedubai