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Dubai real estate market records AED 116.5 bn in sales in 4Q 2024
Dubai’s real estate market recorded a 31% y-o-y jump in sales during the quarter
Non-oil business activity sees most growth in nine months in December
Business sentiment is positive, with S&P Global’s senior economist David Owen saying the sector is in a “strong position for…
Dubai property market saw 27% increase in sales value last year, while sales in the UAE hit AED 893 bn
Factors contributing to this growth included new project launches, favorable payment plans, and incentives for foreign investors
THIS MORNING: Space42 launches Thuraya 4 satellite + New perks for Dubai newlyweds and mothers
Plus: UAE stock markets hit AED 3.9 tn market cap in 2024
Dubai property sales to hit AED 520 bn in 2024 -W Capital
Including mortgages and grants, total transactions in the emirate rose 32% y-o-y
THIS MORNING: DFM rises to 10-year high + Dubai to introduce real estate tokenization
PLUS: Retail district cooling providers must license with Abu Dhabi DoE by 31 Jan
THIS MORNING: Ajman to regulate petroleum trading and implement sustainable energy measures + Tourism to contribute AED 55 bn to Abu Dhabi’s GDP this year
PLUS: Nol Card now accepted for e-scooter payments in Dubai
Union Properties breaks ground on its AED 2 bn Dubai-based development
Plus: Drydocks World opens multi-mn USD expansion facility in Dubai
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