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Real Estate in Dubai refers to the market for property development and investment in the emirate of Dubai, United Arab Emirates. Real estate is a significant contributor to Dubai's economy, accounting for a substantial portion of the city's GDP. [1] Dubai's real estate market has experienced growth and transformation, driven by the city's rapid ...
In 2013, the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, approved US$898 million of funding for the company and ordered work to start on two major projects on the Palm Jumeirah. [22] [23] In 2017, the company achieved $1 billion net profit in nine months, delivering 1,200 units with 23,000 under construction in Dubai. [24]
The Palm Jumeirah is an archipelago of artificial islands on the Persian Gulf in Jumeirah, Dubai, United Arab Emirates.It is part of a larger series of developments called the Palm Islands, including Palm Jebel Ali and the Dubai Islands, which, when completed, will together increase Dubai's shoreline by a total of 520 kilometres (320 mi). [3]
Provident Estate was founded by Loai Al Fakir in Dubai in 2008. [4] [1] In the first quarter of 2023, Provident Estate finalized exclusive deals with Select Group and Sobha Realty development companies. These transactions, totaling more than AED 635,000,000 in sales, marked some of Provident Estate's largest deals during the period. [5]
The Palm Islands consist of three artificial archipelagos: Palm Jumeirah, Dubai Islands (formerly known as Palm Deira or Deira Islands), and Palm Jebel Ali, [1] on the coast of Dubai, United Arab Emirates. The Palm Islands were constructed around the same time as The World Islands. Nakheel Properties is the Palm Islands real estate developer. [2]
Al Sufouh Tramway is a tramway being built in Al Sufouh, Dubai. It will run along Al Sufouh Road from Dubai Marina to the Burj Al Arab and the Mall of the Emirates. [23] 9 Dubai Frame: Complete: AED 160 Million: 150-metre-high, 93-metre-wide: Dubai Frame is a tourist attraction built near the Star Gate of Zabeel Park. [24] 10 Arabian Ranches ...
Palm Grandeur is a 5-star Resort, Spa, while The Grandeur Residences, is a AED 1.2 billion (USD$ 327 million) development project being built on the crescent of the Palm Jumeirah in Dubai, United Arab Emirates.
In June 2023, Provident Real Estate launched and sold Habtoor Tower, a freehold property on Sheikh Zayed Road. [ 6 ] In December 2023, Provident Estate facilitated the sale of a penthouse on Palm Jumeirah for $136 million.