The monthly statistical data issued by the Sharjah Real Estate Registration Department revealed that the volume of real estate transactions across various regions and cities in Sharjah amounted to AED3.5 billion during February 2025, with a total of 7,768 transactions. The total area traded in sales transactions reached 11.8 million square feet. The data indicated that 7,768 real estate transactions were executed, with sales transactions accounting for 1,348 transactions, representing 17.4 percent of the total. Mortgage transactions reached 424 valued at AED711.6 million, constituting 5.5 percent of the total. Meanwhile, initial sales contract transactions recorded 941 transactions (12.1 percent), while ownership certificate transactions amounted to 3,958 (50.9 percent). Additionally,…

Dubai has approved the allocation of 1.46 million sq m of land for affordable housing, enabling the development of 17,080 residential units in line with the emirate's Affordable Housing Policy. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, on Wednesday approved a series of policies and initiatives aimed at expanding affordable housing, enhancing education outcomes and supporting independent legal professionals in Dubai, an Emirates News Agency (Wam) report said. Sheikh Hamdan further said: "We are committed to offering a range of housing options and we welcome all ideas that contribute to a cohesive and prosperous society that embraces diversity — Dubai is a…

Real estate expert Asma Mouafki has unveiled the top areas for property investment in Dubai for 2025, which are witnessing significant growth and are considered ideal options for investors, particularly those with limited budgets. Mouafki emphasized that these areas offer promising opportunities for investors seeking good returns while keeping costs reasonable. She noted that as Dubai’s real estate market continues to evolve, it remains essential to carefully study these options to achieve the best returns. Mouafki highlighted that Dubai Investment Park stands out as one of the best choices for real estate investment. It offers residential and commercial units in a strategic location near Al Maktoum International Airport. She pointed out that the average price of apartments in…

Dubai real estate prices fell by 0.57% in January 2025 – the first decline since summer 2022 – signalling a market shift towards stabilisation, according to leading real estate intelligence authority Property Monitor. While the first month of 2025 was the strongest January on record for transactions with 14,413 sales, average prices dropped to AED1,484 per sq ft. Sales volumes were down 4.6% compared to December 2024, stated Property Monitor in its monthly market report. Off plan launches continued to soar in January, with 53 launches from 37 developers bringing another 12,400 units to the market. Mortgage transactions also rose 6.8% month on month, with 4,134 loans secured. Loan to value (LTV) ratios also held steady despite stricter enforcement of UAE Central Bank…

Doha: Dubai’s real estate market has made a strong start to 2025, with property sales in January totalling AED44.4bn, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase, with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6bn. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2bn were up 7.1% in volume to 9,945. A total of 363 commercial property transactions amounting to AED1.2bn represented a 17.9% increase in volume over…

Andalusia Group, the pioneering real estate developing company in Dubai, is taking a bold step to address a prevalent issue in residential living: the underutilization of amenities due to their suboptimal design and lack of developer focus. The newly launched Bottega Residences is poised to transform this narrative by fostering a vibrant vertical community enriched with high-end facilities. “We recognize the market gap where many residential facilities fall short in design and utility, often being underused by residents," stated Saleh Tabakh, Founder and CEO of Andalusia. "Our mission with Bottega Residences is to shift the paradigm by integrating top-tier amenities that not only enhance living experiences but also foster a dynamic sense of community.", he noted. Partnering with…

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved the implementation of a series of housing projects worth AED5.4 billion ($1.5 billion) to benefit citizens across different areas of Dubai. The projects will see 3,004 new homes being built for Emirati citizens in Dubai, of which 1,181 units will come up in Latifa City for beneficiaries under the housing loan category, reported Wam. For beneficiaries in the housing grant category, the projects envisage 606 new homes in Al Yalayis 5, 432 homes in Wadi Al Amardi, 398 homes in Al Awir 1, 200 homes in the Makan area of Hatta, 120 homes in Oud Al Muteena, and 67 homes in the countryside and rural areas of Dubai. Sheikh Mohammed said: "Housing programmes for citizens represent a…

Dubai’s real estate market continued to grow robustly in November, with the residential sector posting a 15.4% year-over-year increase and the commercial market recording a total sales value of AED9.2 billion ($2.5 billion). According to the latest report from Engel & Völkers Middle East, a leader in premium residential and commercial real estate services, the residential market clocked total sales of 12,695. Although the figure reflects a cooling off from October’s record-breaking figures, it underscores the market’s sustainable and steady growth. The month also saw a modest 0.38% increase in average prices, reinforcing the market’s continued uptrend. Increasing appetite An increasing appetite for affordability was evident, with properties under AED1…

According to data, the off-plan sector continued to boost the Dubai real estate market in November 2024, with 8,548 sales, representing a year-over-year growth in volume of over 46%. Overall, compared to November 2023, real estate transactions in Dubai rose by nearly a fifth (19%) last month. With over 14,479 transactions and prices above Dh43 billion, the market continued its notable upward trend, according to data from Property Finder, a top real estate portal in the Middle East and North Africa (Mena) area. This represents a 1.6% rise over the same period last year. According to data, around one-third (33%) of those looking to buy or invest in real estate are looking for one-bedroom apartments, while 35% are more interested in two-bedroom apartments and 15% are more interested in…

The Real Estate Regulatory Authority (Aqarat), has announced the commencement of the initial registration for real estate developers involved in the sale of off-plan projects, in accordance with the provisions of Law No.(6) of 2014 regarding real estate development.The Authority invited real estate developers, whether individuals or corporate entities, to complete the real estate developer registration form, including details of current off-plan property sales projects, within (60 days) starting from November 24, 2024.For details, one may contact the official email of the Real Estate Regulatory Authority- 00974-77889950

UAE-based Azizi Developments has unveiled Monaco Mansions, a premium waterside living project featuring 109 residential units along with several key amenities, within its mixed-use development Azizi Venice, located in Dubai South. Announcing the launch, Azizi said Monaco Mansions offer a unique blend of exclusivity and sophistication, delivering an immersive and picturesque waterfront scenery meticulously designed for engagement, entertainment, and inspiration. The residences are available in eight distinct architectural styles - ranging from royal classic to modern - and are crafted to embody the highest standards of personalization, thus marking a new chapter in ultra-luxury mansion living. With plot sizes ranging from 10,000 to 20,000 sq ft, each mansion has 6 to 8 bedrooms and is…

UAE - Asteco's Q3 2024 real estate report reveals a dynamic UAE property market characterised by sustained growth in Abu Dhabi, continued momentum in Dubai and increasing activity in the Northern Emirates. According to the report, the Abu Dhabi market is well-positioned for growth, driven by new developers entering the market and a significant pipeline of planned developments. The report also shows that the Dubai government's proactive approach to enhancing the Emirate's physical, social, technological and legal infrastructure, combined with robust underlying fundamentals, is expected to contribute to solid market conditions and resilience against external factors. Abu Dhabi residential and office market According to the report, approximately 950 residential units were completed and…