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Dubai real estate posts record Dhs10.98b transactions in April
26 May 2021
Sajjad Ahmad,
Gulf Today
Dubai’s real estate market continues to achieve record numbers in the number and value of real estate sales transactions, thus enhancing the emirate’s global position as the preferred, and most attractive and flexible real estate investment destination.
The 14th edition of Mo’asher, Dubai’s official sales price index, showed that 4,832 sales transactions worth Dhs10.98 billion were recorded in April 2021, the highest value in four years, specifically since March 2017.
The base year for Mo’asher is 2012 and the base month for the monthly index is January 2012, with the base quarter for the quarterly index being Q1 2012. April 2021 had 4,382 sales transactions worth Dhs10.98 billion, 4.2 per cent more than March 2021 in terms of volume and 0.6 per cent more in terms of value. This brings the year to April total to 16,577 sales transactions worth Dhs36.12 bi
Dubai Economy, DIFC to unify corporate e-KYC platforms
DUBAI, 4 hours, 25 minutes ago Dubai Economy and Dubai International Financial Centre (DIFC) Authority have signed an agreement to expand the UAE KYC (Know Your Customer) Blockchain Consortium positioning it as the national corporate e-KYC platform. It will facilitate faster, more secure and streamlined customer onboarding and allow sharing of verified e-KYC data between licensing authorities and financial institutions through advanced distributed technologies, reported Emirates news agency
Wam. The founding Consortium Members include Dubai Economy, Dubai International Financial Centre, Emirates NBD, Emirates Islamic, Commercial Bank of Dubai, HSBC, Abu Dhabi Commercial Bank, RAKBANK and Mashreq Bank. The first phase went live in 2020 and more entities have joined since resulting in the platform holding close to 50 per cent of corporate e-KYC records in UAE.