FEATURED PROPERTY
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Qaryat Qurum
Where time comes to a standstill… |
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An integrated luxury township in an upscale location above Muscat city, Oman, Qaryat Qurum is themed on indigenous Omani architecture and vibrant facets of Arabic design.
The community is composed of Main Center and Hilltop Residences. Qaryat Qurum is a gated township with over 900 residences, including 1, 2, 3 and 4 bedroom apartments. Smart home systems, private garden, private terraces, swimming pools aside from a common swimming pool, club house, shopping mall, ample space for retail outlets and luxury hotel. |
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Weekly land sales in Dubai (November 2-6, 2008) reach AED 825 /USD 225 mn |
In one of the first surveys conducted with nationals and expatriates in the UAE since the global credit crisis, almost two-third of those polled feel that the current scenario will ultimately benefit the end users. The survey also revealed that 47 per cent of the respondents felt the UAE would remain an attractive destination for real estate investments over the long term. It is a clear indication that people continue to be positive about the country’s financial outlook and its real estate market. While most buyers are in the sell mode, it is interesting to note that 21 per cent of those polled feel that they will be ready to invest in the real estate in the UAE during the next one year. It is a clearly suggests that people feel that the market will adjust to the crisis and respond proactively to the downturn. For the first time, Abu Dhabi has emerged as the most attractive destination for property investment, whereas Ajman has come in as a strong third place contender.
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Date |
Value of Sales (in AED) |
Value of Sales (in USD) |
02/11/2008 |
197,286,933 |
53,727,378 |
03/11/2008 |
107,279,718 |
29,215,609 |
04/11/2008 |
146,102,547 |
39,788,275 |
05/11/2008 |
226,281,527 |
61,623,510 |
06/11/2008 |
148,110,752* |
40,335,172* |
Total |
825,061,477 |
224,689,944 |
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(Source : Dubai Land Department *Figures apply to transactions registered with Dubai Land Department till 12.00 pm on Nov 06, 2008) |
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