Dubai’s real estate sector is poised for a significant shift in 2025, with previously affordable neighborhoods evolving into highly sought-after residential areas. This transformation is largely attributed to enhanced infrastructure and improved amenities, making these areas more attractive to tenants. Balanced Growth Amid Market Adjustments The rental market is expected to experience balanced...
Dubai's real estate sector reached an extraordinary milestone in 2024, achieving transactions worth $207 billion (AED761 billion), which represents a 20% year-on-year growth in value. This marked the highest performance in the sector’s history, with a record 226,000 transactions, indicating a 36% increase in volume compared to 2023. In total, the sector managed 2.78 million real estate and...
The Dubai Land Department (DLD) has unveiled a significant initiative, allowing property owners in the Sheikh Zayed Road from the Trade Centre Roundabout to the Water Canal and in Al Jaddaf to convert their ownership status to freehold. This opportunity is open to all nationalities, further enhancing Dubai’s appeal as a global real estate hub. A total of 457 plots are eligible for this conversion,...
Dubai has emerged as a compelling choice in the global real estate market, offering an average sale price of just $438 per square foot—significantly lower than its counterparts in London and New York. Despite its reputation for luxury and cutting-edge amenities, Dubai’s property market remains within reach for a wide range of buyers. This affordability allows investors to enjoy luxurious lifestyles...
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...
