Latest news with #realestatebrokers
Yahoo
10-07-2025
- Business
- Yahoo
Montreal home sales up in June as median price rises around 7% from last year: board
MONTREAL — Montreal-area home sales were up in June compared with the same month a year ago, as prices rose around seven per cent across all housing types. The Quebec Professional Association of Real Estate Brokers says 4,385 homes changed hands in the region last month, up 15.5 per cent from 3,798 sales in June 2024. Active listings rose 1.8 per cent year-over-year to 18,122, driven by inventory growth in the condominium market, while there were fewer single-family homes and plexes on the market compared with last year. There were 5,654 new listings throughout the Montreal area last month, up 6.4 per cent from a year earlier. Year-over-year median price growth was similar across all housing types, led by a 7.4 per cent increase in the price of a single-family home to $627,000. The median price of a plex rose 7.1 per cent to $830,000 and the median price of a condo increased 6.6 per cent to $426,494. This report by The Canadian Press was first published July 10, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Al Arabiya
08-07-2025
- Business
- Al Arabiya
Dubai luxury property sales continue record-setting streak
Dubai's high-end real estate market continued its record-setting run in the second quarter of 2025, shrugging off geopolitical tensions and tariff turmoil. Sales of homes priced above $10 million surged to $2.6 billion between April and June, according to researcher Knight Frank. The figure marks a 37 percent increase from the first quarter and a 63 percent rise compared to the same period last year. A total of 143 transactions were recorded in the quarter, up 52 percent year-over-year, including 22 sales above the $25 million mark. The market's strength came despite the 12-day war between Israel and Iran, which eventually drew in the US. Fears of escalation briefly brought Dubai's property market to a near standstill, brokers told Bloomberg News. The quarter was also marked by sweeping tariffs announced by President Donald Trump that rattled global markets. On average, prices across 10 luxury neighborhoods rose 18 percent from a year ago but remained nearly unchanged from the first quarter. 'This indicates that rising sales volumes and healthy market activity, as opposed to cost inflation, underlie the growth in total sales value,' the report said. In the $10 million-and-above category, apartment sales outpaced villas for the first time since the second quarter of 2023. A total of 80 apartments were sold, compared to 63 villas or single-family homes. Demand for Dubai property has boomed since 2020, driven by the government's handling of the pandemic and liberal visa policies that attracted foreign buyers. The luxury end of the emirate's real estate market — including waterfront villas on the city's artificial palm-shaped islands — has benefited from an influx of wealthy expatriates. To be sure, analysts have started to warn that city-wide property prices face multiple risks after rising by about 70 percent over the past four years. Fitch Ratings, for one, forecasts a 'moderate correction' in late 2025 into 2026, citing a wave of new supply. That said, the share of homes resold within 12 months of purchase fell to around 5 percent in the second quarter, down from as high as 25 percent in 2008, according to Knight Frank. The shift underscores a change in the buyer mix, with most investors now holding on to properties rather than flipping them.
Zawya
29-06-2025
- Business
- Zawya
Dubai Land Department encourages Emirati citizens to join the Dubai Real Estate Broker Programme
The total value of real estate transactions completed through qualified brokers since the programme's launch has reached AED 500 million. 231 new real estate brokerage companies have been licensed. Granting qualified participants a 'National Broker' license valid for three years. Dubai, United Arab Emirates: Dubai Land Department (DLD) has announced that Emirati citizens interested in joining the 'Dubai Real Estate Broker Programme' can now register via a dedicated link on its official website. This follows strong interest since the programme's launch, which has already drawn a significant number of citizens keen to enter the real estate brokerage sector. The initiative continues reinforcing its role as a strategic platform for increasing national talent participation in this key industry. In this context, Dubai Land Department calls on developers and real estate brokers, particularly those who have not had the opportunity to join the Dubai Real Estate Broker Programme in its previous phases, to take part in supporting the programme's journey by presenting their proposals and initiatives that contribute to achieving its objectives as key partners in its ongoing success. DLD emphasises the importance of this collaboration in building an integrated ecosystem based on strong public-private sector synergy. This cooperation opens the door to high-quality opportunities for training and employing national talent, supporting the sustainability of the real estate sector, and reinforcing Dubai's position as a leading destination for talent and investment. To date, the programme has surpassed expectations, with the number of qualified Emirati brokers reaching more than 180% of the annual target. It has also delivered numerous specialised training courses in collaboration with accredited academic institutions. Upon completion of the required training, participants are issued an official real estate broker card valid for three years, allowing them to practice the profession in accordance with Dubai's legal and regulatory framework. These efforts have significantly boosted broker performance, resulting in real estate transactions exceeding AED 500 million from the programme's launch through the end of April 2025. Furthermore, 231 new real estate brokerage firms have been licensed. As part of its institutional collaboration efforts, DLD organised more than 10 meetings and gatherings with its 71 strategic allies from various real estate-related sectors. These include 26 real estate development companies, 38 brokerage firms, and four training and qualification institutes. This initiative has contributed to building an integrated network that enhances professional success opportunities for participants and strengthens the ecosystem supporting Emiratisation in this vital sector. As part of its efforts to stimulate the business environment and support the Emiratisation of real estate professions, Dubai Land Department will implement an incentive points system specifically for brokerage firms that employ Emirati citizens. These firms will receive additional points that will enhance their ranking within DLD's approved evaluation system, positively impacting their competitive position in the market. DLD affirms that the Dubai Real Estate Broker Programme is one of the key pillars aligned with the Dubai Social Agenda 2033 objectives. The programme aims to empower Emirati citizens to benefit from the economic opportunities available in the real estate sector by providing specialised professional training, issuing the 'National Broker' licence, allocating a percentage of real estate projects to programme participants, and enhancing their employment opportunities within active brokerage firms across Dubai. This programme serves as a comprehensive platform for developing national talent and preparing a new generation of qualified Emirati brokers in line with the highest professional standards. It contributes to reinforcing Dubai's position as a leading global destination for real estate investment and supports the sector's sustainability and dynamism. The programme also aims to increase the percentage of Emiratis working in real estate brokerage to 15% over the next three years, reflecting the Dubai Government's commitment to engaging national talent in high-value economic sectors. The programme's continued implementation and expansion reaffirm its vision's success in opening new horizons for Emirati youth and equipping them with the tools for competitiveness and innovation. This aligns with Dubai's broader development goals and contributes to building a more inclusive and sustainable economic ecosystem. Dubai Land Department invites all citizens interested in joining the programme to complete the registration process, which have been simplified through logging in with the UAE Pass and then requesting to join the training course, via the following through the following online link:
