Nakheel published 217 villas with four- and five-bedroom accommodation on May 20.
DUBAI: Coronavirus concerns appeared to be Thursday's last input for property investors, snapping 800 million dirhams ($218 million) of villas in the community of Nakheel's Murooj Al Furjan in just 4 hours.
Nakheel said that 217 4- and 5-bedroom villas had been sold off-plan by the Dubai developer, with construction due to begin this year and end in 2024. Each of the cheapest villas was 2.9 million dirhams.
The development will include 418 villas spread over 5 million square feet. The villas are only 4,042 square feet wide. qatar houses
Luxurious property sales in Dubai jumped 25 percent in Q1, even as pricing fell, Luxhabitat Sotheby's said today, citing data from the Dubai Land Department.
Ajar is a management and rental collection platform based on cloud.
A Proptech (Dubai) platform, a digital alternative to paying cheque or cash rents, has teamed up with Visa and is expanding into Saudi Arabia, Kuwait and Bahrain.
Ajar, a cloud-based property management and rental collection platform, announced its partnership with the global digital payment provider that it is aimed at disrupting the rental market for tenants and landlords.
"We are working towards revolutionizing the property market in the area by digitalising, reducing losses by maximizing efficiency," Mohammed Al-Munaikh, CEO of Ajar, says.
The plan is to finally eliminate payments by cheques or cash and the next phase of the platform will allow tenants to pay for property owners who are not pre-registered with Ajar digitally.
In Q1 11,6 billion dirhams were sold in prime villas and apartments
Prices of apartments decreased by 6.3% in the quarter
DUBAI: The sales of premium villas and apartments in Dubai boosted during the first quarter of 2021, as the property market in the Emirates is hoping to recover from the coronavirus pandemic.
In the first-class property sector, the value of sales increased 25 per cent from the previous quarter to 11.6 billion dirhams (3.16 billion dollars), Luxhabitat Sotheby's quoted the Dubai Land Department. There were a total of 3,450 apartments and 586 villas.
Properties in Palm Jumeirah have overall selling value of 2,70 billion dirhams, followed by the 1,37 billion dirhams from Mohammed bin Rashid City, and the 1,27 billion dirhams from Business Bay.
Prime prices for apartments fell 6.3 percent to an average of 1.315 dirhams per square foot, with the average cost of 2.07 million dirhams. The average sales price of a prime villa grew by 3 percent while the average sales price per square foot decreased by 10 percent.
The most expensive property in Dubai was an 11,950 square foot villa for 111,3 million dirhams on Frond N in Palm Jumeirah in the first quarter. Second, a 44,952 square feet house for 68 million dirhams was located in Sector R, Emirates Hills.