Property Finder's Market Watch digest report reveals a stellar performance for Dubai real estate sector in Q2 2024. Both transaction volume and value reached all-time highs, with a significant increase of 37% year-over-year (YoY) in transaction value, reaching AED 124.4 billion (approximately USD 33.9 billion). Transaction volume also saw a substantial rise of 45% YoY, reaching 43,522. These figures...
Dubai Real Estate prime property market continued strengthening, A recent industry report by Knight Frank reveals. The first half of 2024 saw a steady volume of sales for ultra-luxury homes, totaling 190 properties valued at $3.2 billion. This compares favorably to the same period in 2023, with 189 properties sold for $3.3 billion. This sustained sales activity, despite a 65.5% year-on-year decrease in...
Dubai has unveiled a comprehensive plan for the Jebel Ali Beach Development Project, poised to become the longest public beach in Dubai upon completion. Stretching 6.6 kilometers, this pioneering project prioritizes environmental sustainability while creating a world-class recreational destination and injecting vibrancy into the Dubai real estate landscape. The project aligns with the Dubai 2040 Urban...
Dubai Real Estate market is experiencing a golden age, and branded residences are a shining star within this boom. Analysts report continued robust demand for these luxury properties, driven by a confluence of factors. Wealthy international buyers, seeking a secure and luxurious lifestyle investment, are a key force propelling this growth. The Allure of the Branded Residences in Dubai Real...
Dubai Real Estate market is experiencing a surge in activity. May 2024 saw the highest number of transactions ever recorded, marking a 44.2% increase year-on-year. This growth trend extends to the year-to-date figures, which show impressive gains compared to both 2023 and 2019. This surge in transactions is accompanied by rising property values. Average residential prices across Dubai climbed 20.1%...
Dubai real estate market has a well-documented history, experiencing both significant growth periods and corrections. While past cycles exhibited boom-and-bust trends, industry leaders believe the market has matured, transitioning towards a more stable and sustainable growth trajectory. Several factors contribute to this newfound stability. Firstly, stricter regulations and increased transparency have...
Dubai's new Al Maktoum Airport to boost economy, tourism & real estate with rising passenger traffic & investment potential. Industry experts anticipate significant positive impacts from the expansion of Dubai's Al Maktoum International Airport (DWC). This ambitious project underscores Dubai's commitment to future-oriented development and its aspirations for global aviation leadership. The...
Industry experts are analyzing the changing role of rent-to-own (RTO) properties within the dynamic landscape of Dubai's real estate market. While RTO options were once seen as a promising path to Dubai homeownership, the current market's focus on rapid sales may be reducing the need for these schemes. Even with the high demand for traditional Dubai property purchases, RTO options retain some appeal...
The Dubai property market witnessed exceptional activity in May 2024, according to a recent report by Property Monitor, a subsidiary of Cavendish Maxwell Group. Total sales transactions reached a staggering 17,139, surpassing the previous record set in April 2009 by over 20%. Analysts at Cavendish Maxwell anticipate continued high transaction volume throughout Q2, with minimal seasonal slowdown...
