Dubai real estate sector continues to show robust growth, with property sales in August reaching AED 47.3 billion ($12.9 billion). This represents a 40.8% increase in value compared to the same period last year. The market saw a significant rise in transaction volume, with 16,159 deals recorded—a 36.9% increase over August 2023. Additionally, the average price per square foot rose by 6.1%, now standing...
Dubai: The Dubai Land Department (DLD) has formalized a partnership with seven prominent developers, including Emaar Properties, DAMAC, and Sobha Realty, enabling these companies to manage real estate transactions through DLD’s registration systems. The agreement also includes collaboration with other notable developers such as Binghatti Properties, Aldar Properties, Azizi Developments, and...
Dubai Real Estate market achieved unprecedented growth in July 2024, with total sales reaching AED 49.6 billion, reflecting a 31.63% increase compared to the same period last year, according to a recent Dubai real estate market report. The number of transactions soared to 15,994, marking a 43.2% increase in volume from July 2023. Apartments in Dubai sales experienced the most significant growth, with...
Dubai Real Estate landscape is undergoing a transformative period, characterized by unprecedented growth in both property sales and rental prices. Recorded a staggering AED191 billion ($52.5 billion) in residential property sales during the first half of 2024, signifying a substantial 38% increase compared to the previous year. This surge in activity is indicative of a robust and thriving market. A...
Dubai's residential rental market has witnessed a sustained increase over the past three years. While the pace has slowed down recently, rents are expected to climb further. This aligns with the overall market trend and is partly driven by a limited supply of new housing units. The recent revisions to the RERA Rental Index have significantly impacted rent renewals. Previously, these renewals often...
The agreement was signed as part of the “Dubai Real Estate Programme” to enable local talent to advance in real estate Dubai Land Department (DLD) on Sunday said it signed a deal with nine private and government-backed developers to allocate a certain quota of their projects to be sold through Emirati brokers to provide more job opportunities to the locals. In a deal signed with Emaar...
Dubai is solidifying its position as the world's leading market for branded residences, experiencing significant growth and diversification within the sector. This trend is driven by a growing demand for luxury living experiences coupled with the unique appeal of iconic brands. DAMAC Properties has established itself as a frontrunner in this evolving market, forging strategic partnerships with renowned...
