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December 2023

GCC real estate market to exceed $5 trillion by 2028

According to a recent report, the Gulf Cooperation Council (GCC) real estate market is experiencing unprecedented growth and is expected to surpass the USD 5 trillion mark by 2028. According to Statista, the value of the market is expected to reach 4.43 trillion dollars by the end of 2023. Residential real estate dominates the GCC market with a projected volume of USD 2.98 trillion and a steady compound...

Dubai is turning into a hugh “rental market”

Dubai is transforming into a "landlord's market" as rentals are set to increase by 110% by 2023, according to a recent report. Last month, the number of tenants registering for a rental property increased by 110% compared to the previous year, leading to a 91% increase in listings from landlords. This trend indicates a shift towards a more landlord-friendly real estate market in the city. The latest...

Real estate transactions: Beginning of Dec. Total value of 2.4 billion dollars

A mortgage in the amount of $41 million in Palm Jumeirah is particularly noteworthy. The Dubai Land Department documented over 1,800 real estate transactions during this period. In the energy sector, UAE-based Masdar will invest in a major renewable energy project in the UK worth 13.9 billion dollars, Rishi Sunak announced. In the real estate sector, Aldar is focusing its attention on the British market...

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