Latest news with #AED42
Dubai Eye
04-08-2025
- Business
- Dubai Eye
Dubai completes 24 real estate projects worth AED4.5 billion in H1
Dubai's real estate sector has marked steady growth in the first half of 2025, with the completion of 24 real estate projects valued at AED4.5 billion. According to data from the Dubai Land Department (DLD), 726 projects are currently under construction across the emirate. Dubai's real estate market registered 90,337 new units during the first half of the year, with 75,347 units sold with combined worth of AED151 billion. Villa sales demonstrated strong performance, with 7,167 villas sold for over AED28 billion, reflecting a considered shift in buyer preferences toward standalone units and fully integrated residential communities. In the rental market, 465,738 lease contracts were registered during H1, a slight increase from 462,657 in the same period of 2024, representing a rise of under 1 per cent. This indicates a stable and steady sector, supported by government initiatives and programmes aimed at encouraging residents to transition from renting to home-ownership and enhancing family and social stability in the emirate. The total value of lease contracts reached approximately AED42 billion in H1, reflecting a 5 per cent increase compared to the same period in 2024. New lease contracts saw a 7 per cent rise, reaching 232,928, up from 217,101 in the same period last year. The figures reaffirm Dubai's leading position in the regional and global real estate sector.
ARN News Center
03-08-2025
- Business
- ARN News Center
Dubai completes 24 real estate projects worth AED4.5 billion in H1
Dubai's real estate sector has marked steady growth in the first half of 2025, with the completion of 24 real estate projects valued at AED4.5 billion. According to data from the Dubai Land Department (DLD), 726 projects are currently under construction across the emirate. Dubai's real estate market registered 90,337 new units during the first half of the year, with 75,347 units sold with combined worth of AED151 billion. Villa sales demonstrated strong performance, with 7,167 villas sold for over AED28 billion, reflecting a considered shift in buyer preferences toward standalone units and fully integrated residential communities. In the rental market, 465,738 lease contracts were registered during H1, a slight increase from 462,657 in the same period of 2024, representing a rise of under 1 per cent. This indicates a stable and steady sector, supported by government initiatives and programmes aimed at encouraging residents to transition from renting to home-ownership and enhancing family and social stability in the emirate. The total value of lease contracts reached approximately AED42 billion in H1, reflecting a 5 per cent increase compared to the same period in 2024. New lease contracts saw a 7 per cent rise, reaching 232,928, up from 217,101 in the same period last year. The figures reaffirm Dubai's leading position in the regional and global real estate sector.
Dubai Eye
05-06-2025
- Sport
- Dubai Eye
IPL's Bengaluru pledge financial aid for victims of crowd surge
Indian Premier League franchise Royal Challengers Bengaluru have pledged one million Indian rupees (AED42,803) to each family of the 11 fans who died in a crowd surge outside the team's home stadium on Wednesday during celebrations following their maiden IPL title. The franchise will also launch a support fund for the injured. At least 11 people died and 47 were injured in the crowd surge as thousands of people lined the streets around the Chinnaswamy Stadium as the team's bus arrived. Bengaluru were celebrating their win over Punjab Kings in the final of the IPL's 18th edition. The team had given away free passes for the event on their website but said that numbers would be limited. As the celebrations continued, some fans without passes tried to push through the gates while others climbed trees and the stadium wall for a better view. Images from the scene showed people climbing over each other. "The unfortunate incident in Bengaluru yesterday has caused a lot of anguish and pain to the RCB family," the team said in a statement on Thursday. "As a mark of respect and a gesture of solidarity, RCB has announced a financial support of 10 lakh (one million) Indian Rupees to each of the 11 families of the deceased. "In addition, a fund called RCB Cares is also being created to support fans injured in this tragic incident." Karnataka State Chief Minister Siddaramaiah, who uses only one name, said the venue could not handle the size of the crowd, adding that the stadium's capacity was 35,000 but 200,000 to 300,000 people had turned up for the celebrations. "In the wake of the tragic stampede during RCB's victory celebrations, the Karnataka Government will bear the full medical expenses of all those injured, whether admitted in government or private hospitals," Siddaramaiah said in a statement on Thursday. "Orders have been issued to the Health Department and Suvarna Arogya Suraksha Trust (SAST) to ensure this without delay."
