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Dubai prime house market records $8 03bln deals in 2020

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Growing your own food is like a superpower that could save you Dh5,000 a year on grocery bills

Buy farm-fresh food The UAE is stepping up its game when it comes to platforms for local farms to show off and sell their produce. In Dubai, visit Emirati Farmers Souq at The Pointe every Saturday from 8am to 2pm, which has produce from Al Ammar Farm, Omar Al Katri Farm, Hikarivege Vegetables, Rashed Farms and Al Khaleej Honey Trading, among others.  In Sharjah, the Aljada residential community will launch a new outdoor farmers’ market every Friday starting this weekend. Manbat will be held from 3pm to 8pm, and will host 30 farmers, local home-grown entrepreneurs and food stalls from the teams behind Badia Farms; Emirates Hydroponics Farms; Modern Organic Farm; Revolution Real; Astraea Farms; and Al Khaleej Food. 

Dubai prime house market records Dh29 5b deals in 2020

Warren Buffett s property arm launches its luxury homes division in UAE

Company wants to get into thick of buying activity involving $5m plus homes Whether at the Palm or Dubai Hills, $5 million plus homes are building up steady demand among investors, especially from overseas, in recent weeks. Image Credit: Shutterstock Dubai: One of the biggest names in the global real estate space wants to sell homes of $5 million and more in the UAE. Berkshire Hathaway HomeServices Gulf venture has launched its luxury collection division, even as the top end of the local market sees more buying activity in recent weeks. “There is increasing demand for luxury properties in Dubai’s current real estate market,” said Dounia Fadi, Chief Operating Officer. “With our recent high-value transactions in areas like Emirates Hills, Palm Jumeirah, Bulgari Residence and Bluewaters Islands, we feel confident we are moving our agency in the right direction.

Dubai s priciest deals in 2020 for new homes were a relative bargain

Dubai: It was a bit of a “bargain” time in Dubai’s super-luxury property space, with 2020’s costliest deal coming in at Dh75 million for a home in Dubai Hills. In fact, the top 10 deals last year were bunched tightly between that Dh75 million sale and a Dh48 million one, which was the value for a home in Marsa Al Arab in Umm Suqeim. Compare this with the Dh120 million sale in Dubai Hills in 2019, which was priciest deal on a residential property in Dubai during that year. In second and third places were Dh98 million price tags, according to listings from Luxhabitat Sotheby’s International Realty. At Dh79 million, even the 10th place came in higher than the top deal in 2020.

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