This trend is driven by affordability, as prices reached 10-year lows, record-low interest rates, LTV up to 85 percent.
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Il Primo Tower is located on the north side of the Opera House between The Dubai Mall and the Burj Khalifa.
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Property investments worth Dh36bn have been made in the emirate in the first five months, a 44% increase on last year.
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Q1 2021 saw the most home sales since 2010.
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The bank expects the real estate rally to last several years.
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Two-storey property in XXII Carat beachfront community becomes the most expensive villa sold in the emirate since 2015.
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Issues related to poor healthcare infrastructure in India and taxes at home, combined with the UAE's open-arm policies, are said to influence high-net-worth Indians in their decision to relocate to the Gulf
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After a successful pre-launch in April, 263 fully furnished apartments are now for sale.
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New research indicates that Dubai residential values have risen by up to 5.4% so far this year.
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Total number of deals in the emirate for the year stands at almost 21,000, worth $12.8bn
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The market bounces back from the impact of the coronavirus pandemic.
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The mall will be home to 80 stores and restaurants, a fitness hub, rooftop pool and community centre, by the end of 2021.
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