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...
In a year marked by a global downturn in foreign direct investment (FDI), the United Arab Emirates (UAE) demonstrated remarkable resilience and appeal, achieving a notable 35% surge in FDI inflows, reaching an impressive Dh112 billion. This exceptional performance defied the prevailing global trend of declining FDI, which contracted by 2% in 2023, according to the UNCTAD World Investment Report...
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...
Shard, a new Dubai-based real estate platform, is offering a novel approach to property investment. This innovative model allows up to eight investors to jointly own a single property, with each investor's name reflected on the title deed. Benefits of Shard's Co-Ownership Model: Accessibility: Shard lowers the entry point for investors, enabling them to participate in the Dubai property market at...
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved plans for a comprehensive $8.2 billion (AED30 billion) rainwater drainage network. This ambitious project, named 'Tasreef,' aims to significantly increase Dubai’s rainwater drainage capacity by 700%, thereby bolstering the emirate’s preparedness for future climate...
The United Arab Emirates (UAE) has solidified its position as a leading global competitor according to the recently released 2024 World Competitiveness Ranking by the International Institute for Management Development (IMD). This prestigious ranking assesses economies on a holistic basis, considering factors beyond just GDP or productivity. The IMD prioritizes robust infrastructure, effective...
