Browsing: Dubai Real Estate

Dubai’s property market achieved record-breaking home sales in the first five months of the year, with transaction values hitting AED 66.1 billion (USD18.2 billion). This upswing comes amid a steady rise in the city’s population and an influx of new residents, according to a recent report.

Emaar Development, a subsidiary of Emaar Properties, has secured a substantial land parcel in Dubai valued at AED 2.93 billion (approximately $798 million). This acquisition is part of the company’s strategy to expand its portfolio of luxury residential projects within the emirate.

Dubai Land Department (DLD) was recognised under the ‘Best Practices – Anti-Fraud Category’ by the UAE Internal Auditors Association, in recognition of its pioneering efforts in developing an integrated system for fraud risk management and prevention. The award also acknowledges DLD’s commitment to enhancing transparency and promoting a culture of integrity across the real estate sector.