Recent data from the Ministry of Economy reveals that the UAE's non-oil sector now represents nearly 75% of the national economy. The country’s non-oil GDP recorded a 4.5% increase, reaching Dhs987 billion in the first nine months of 2024. Strong Overall Economic Performance The UAE’s overall real GDP experienced a 3.8% rise during the same period, reaching Dhs1.3 trillion compared to the...
Dubai’s property market is witnessing a remarkable surge, fueled by evolving investor and tenant preferences, according to insights from Property Finder, a leading real estate portal. In February 2025, Dubai Real Estate market experienced a significant 35% year-on-year increase in transaction volume, reaching 16,099 deals. Simultaneously, the total market value saw an extraordinary 55% jump,...
DAMAC Properties, a leading UAE real estate developer, has joined forces with Abu Dhabi Islamic Bank (ADIB) to introduce a groundbreaking home financing solution. This initiative aims to enhance accessibility to homeownership by allowing UAE residents to secure financing for off-plan properties once construction reaches 35% completion. By pioneering this approach, DAMAC becomes the first developer in...
Investment from Russian buyers surged by 20% in 2024, driven by growing demand for luxury properties in prime locations such as Palm Jumeirah, Downtown Dubai, and Dubai Marina. Meanwhile, Chinese investors also increased their stakes in the market, contributing to a 15% rise in high-end property acquisitions. This trend underscores the growing influence of BRICS (Brazil, Russia, India, China,...
Dubai property market witnessed an extraordinary surge in February 2025, recording AED 51.1 billion in total sales. This marks a substantial 39.91% increase compared to the same month in 2024. The latest market report reveals a total of 16,099 transactions, reflecting a 35.5% rise in sales volume year-over-year. These figures underscore the sector’s resilience and continued investor confidence, making...
Balancing affordability, quality, accessibility, and investor demand is a complex challenge. However, recent developments in Dubai’s real estate sector indicate a positive trajectory for its rapid growth. Here are five significant changes reshaping the market in 2025. 1. Banks to Cease Financing Registration and Broker Fees Effective February 1, banks and mortgage lenders will no longer...
Dubai Luxury Real Estate sector is expected to sustain its strong upward momentum in 2025, driven by persistent demand, constrained supply, and an ongoing influx of high-net-worth individuals (HNWIs), according to a recent market analysis. Over the past decade, transactions involving premium villas and apartments priced above AED 15 million have surged significantly. By 2024, total sales in this...
Dubai’s Burj Azizi, set to become the world’s second-tallest tower, will be available for purchase across seven international cities on February 19, as announced by private developer Azizi Developments. The 725-metre skyscraper will be marketed in exclusive locations, including Dubai (Conrad Hotel), Hong Kong (The Peninsula), London (The Dorchester), Mumbai (JW Marriott Juhu), Singapore (Marina Bay...
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, has disclosed key details regarding the Dubai Loop project—an advanced transportation initiative set to be developed in collaboration with Elon Musk’s The Boring Company. The announcement was made during Musk’s session...
Notifications
