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Rera share new progress report for Marina 101 with the investors
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The Sharjah Real Estate Registration Department executed 21,615 real estate transactions during the January-March quarter of 2022
The Abu Dhabi-listed property giant earned Dh688 million ($187 million) net profit during the the quarter January-March quarter
The move will revolutionise future of real estate and provide convenience to investors worldwide
The emirate recorded 25,972 transactions in first quarter of 2022, marking it the highest number of deals since 2010 registered in a single quarter and the highest volume since first quarter of 2014.
Acquisition of 70% equity interest in Abu Dhabi Business Hub comprises industrial warehousing and office facilities in Industrial City of Abu Dhabi (ICAD); Newly set up logistics vertical will focus primarily on the United Arab Emirates, with the potential to expand into Saudi Arabia and Egypt
The project has close proximity to a community park, Dubai Miracle and Butterfly Gardens, the two major tourist attractions
The residential capital value has grown up to 19 per cent annually as the market is progressing rapidly, thanks to the government’s initiatives, visa reforms, Expo 2020 and the influx of foreign investors
The community development will be home to 10,000 residents within the next four years
Industry executives attribute the increase in costs to an influx of foreign workers in the Emirate