Dubai Real Estate market is projected to add 25,000 new homes by the end of the year, as detailed in the Q2 2024 real estate report. Dubai’s strong economy and attractive lifestyle continue to draw expatriates. The sector's solid fundamentals are driven by high equity in the market, sustained economic growth, infrastructure development, and a growing population. Dubai Real Estate Q2 2024...
Dubai Real Estate landscape is undergoing a transformative shift, driven by technological innovation. PropTech solutions, encompassing Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), and the Internet of Things (IoT), are reshaping traditional property management and transactions. Virtual and Augmented Reality: Enhancing the Buyer Experience AR and VR technologies are...
Dubai's property market is experiencing a surge in mortgage activity, reaching a 14-month high in May according to Dubai Land Department data. This upswing is attributed to two key factors, attractive interest rates and a growing population. Data indicates a significant rise in demand, with the number of financed purchases exceeding cash transactions by over 55%. This trend is likely to continue in the...
Palm Jebel Ali Infrastructure Development CommencesNakheel, a leading Dubai property developer under Dubai Holding, has awarded contracts for the construction of critical infrastructure at Palm Jebel Ali. Enhanced Accessibility: DBB Contracting, a prominent UAE civil and marine contractor, will construct a new public access road. Stretching nearly six kilometers, this landscaped route will provide a...
58% of interested buyers were looking for an apartment, while 42% were searching for villas/townhouses DUBAI, UNITED ARAB EMIRATES: Property Finder, the leading property portal in the MENA region, has revealed its market performance highlights for April 2024, offering valuable insights into the real estate landscape. In April 2024, there was a YoY increase of over 45.11% in recorded sales...
120 projects launched in first quarter of 2024 in Dubai, housing 34,000 units Dubai's real estate market has seen a surge in activity in the first quarter of 2024, with both local and international developers launching new projects at a rapid pace. According to Cavendish Maxwell's Property Monitor, preliminary data indicates nearly 30 new off-plan projects were introduced in March alone, adding a...
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...
Dubai’s real estate deals reached an all-time high of Dhs634b in 2023 The Dubai Land Department (DLD) has achieved an all-time high of 1.6 million transactions across various real estate activities ranging from real estate transactions to rental agreements in 2023. This represents a remarkable growth of 16.9 per cent compared to 2022, which accounted for approximately 1.368 million...
