Saudi Press

Saudi Arabia and the world
Friday, Mar 29, 2024

Dubai records over Dhs1.4 billion in property deals

Dubai records over Dhs1.4 billion in property deals

Dubai real estate market recorded 386 sales transactions worth Dhs1.2 billion, in addition to 84 mortgage deals of Dhs151.32 million, and 62 gift deals amounting to Dhs48.92 million on Wednesday, data released by Dubai’s Land Department (DLD) showed.
The sales included 341 villas and apartments worth Dhs1.01 billion, and 45 land plots worth Dhs195.91 million, while mortgages included 63 villas and apartments worth Dhs129.08 million and 21 land plots valued at Dhs22.24 million, bringing the total realty transactions of over Dhs1.4 billion.

Meanwhile, Reportage Properties, the leading real estate developer in the UAE, has revealed that the Al Raha Lofts project has been completed on the Al Raha Beach area in Abu Dhabi. A special celebration will be organized today to mark the completion and hand-over of the Al Raha Lofts 1 project.

The Al Raha Lofts 1 project provides around 164 residential units, while the Al Raha Lofts 2 adds nearly 110 residential units within the Al Raha Beach area in Abu Dhabi.

Islam Ahmed Suleiman, CEO of Reportage Properties, stressed the company’s keenness on carrying out all its projects as per schedule with a view to enhancing investors’ confidence in the company’s projects and in the UAE real estate market, stressing that the completion and hand-over of the Al Raha Lofts project is a new episode of Reportage Properties’ process of achievements.

The Al Raha Lofts 1 project is distinguished for its strategic location in the Al Raha Beach area and incorporates retail spaces, facilities and various services including a swimming pool, a gym, green spaces, an area dedicated to stores, covered parking lots, a tennis court, and a football playground.

The project features studio apartments and 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom apartments in addition to 2-bedroom and 4-bedroom duplexes. Each apartment features a special terrace or balcony and a fully equipped kitchen.

Suleiman pointed out that construction work was in progress in all Reportage Properties’ projects under construction in Abu Dhabi and Dubai, noting that more than 99 per cent of Al Waha Residence 1 project, which provides 612 apartments in Masdar City, had been completed.

Some 76 per cent of the Al Waha Residence 2, 65 per cent of The Gate project in Masdar City, 52 per cent of Al Maryah Vista in Al Maryah Island in Abu Dhabi and around 20 per cent of Diva project in Yas Island had been completed, he said.

As far as Reportage Properties’ projects in Dubai are concerned, more than 47 per cent of Alexis Tower, 66 per cent of Rakan Tower and 83 per cent of Rukan Lofts, had been completed, he added.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Reports in Gaza: 5 dead from the impact of aid packages dropped by the USA
Apple warns against drying iPhones with rice
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
The U.S. vetoed a U.N. Security Council resolution calling for a temporary ceasefire in Gaza, instead proposing its own six-week ceasefire plan contingent upon the release of all hostages held by Hamas
Prince William Urges End to Gaza Conflict
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel has gone ‘beyond self-defence’ in Gaza, says Labour’s Streeting
EU Calls for Immediate Ceasefire in Gaza Conflict
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
Saudi Arabia Introduces Terms for 30-Year Income Tax Exemption for Multinational Companies
Saudi FM: Establishing Palestinian state is only pathway for Mideast stability
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
Elon Musk's Starlink Gets License For Israel, Parts Of Gaza
Influencers Exploit X Platform for Profit Amidst Israel-Gaza Conflict
PM Modi Announces Opening Of New CBSE Office In Dubai
International Criminal Court's Chief "Deeply Concerned" By Rafah Bombing
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Indian female military officers commend Saudi Arabia's progress and women's empowerment
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Israel Utilizes AI Military Technology in Gaza Conflict
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
China Warns Iran to Halt Houthi Attacks or Damage Trade Ties
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Iran-backed hackers interrupt UAE TV streaming services with deepfake news
Facebook and Instagram Ban Iran's Supreme Leader
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
U.S. Secretary of State Blinken: The Israelis underwent dehumanization on 7.10, this does not give them the right to do this to others.
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
UK Bans Misleading "Zero Emissions" Claims for Electric Cars
Gaza's Teen Inventor Sparks Light in Displacement
Netanyahu Rejects Ceasefire Proposal, Insists On Total Victory Over Hamas
Guterres appoints independent UNRWA review panel
Private Sector Employment Hits Record High with Over 11 Million Employees in January
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
ZATCA Cautions Against Scammer Schemes
INTRA Defense Technologies inaugurates drone factory in Riyadh
×