Binghatti, a renowned Dubai-based property developer, has introduced its latest project in Al Jaddaf, named Binghatti Ghost. This marks the company’s return to the area following a two-year break, driven by overwhelming market demand. Features and Investment Opportunities The Binghatti Ghost project will consist of 770 residential units, catering to the rising demand for high-quality living...
Dubai real estate sector continues to show robust growth, with property sales in August reaching AED 47.3 billion ($12.9 billion). This represents a 40.8% increase in value compared to the same period last year. The market saw a significant rise in transaction volume, with 16,159 deals recorded—a 36.9% increase over August 2023. Additionally, the average price per square foot rose by 6.1%, now standing...
Dubai's property prices have surged by 124% since 2020, though recent data indicates a slight deceleration. The growth rate in the real estate market moderated from 15.9% in the first quarter of the year to a 0.3% decline in the second quarter, according to a report by an international property consultancy. Global Real Estate Trends On the global stage, Manila has emerged as the leader in Knight...
The Dubai real estate market has experienced significant growth over the past six months, primarily fueled by foreign investment. According to recent market reports, the sector is projected to expand by 15% this year, bolstered by substantial investments from Europe and the UK. This demonstrates Dubai's enduring appeal in the global real estate landscape, offering attractive returns for savvy investors,...
The developer of the Palm Jebel Ali project announced on Monday that the first eight fronds are expected to be site-ready by the first quarter of 2025. Once these sections are prepared, civil works and the installation of villa infrastructure can commence. Nakheel, the project developer, has awarded a contract valued at Dh810 million for marine works on Palm Jebel Ali. The company will be involved in...
The Dubai real estate market is experiencing a significant surge in short-term rentals, with demand rising by 30% compared to the same period last year. This trend is reshaping the local property landscape, providing lucrative returns for investors and diverse accommodation options for visitors. Dubai Real Estate Investment Opportunities and Returns Industry experts highlight that the growing...
Dubai real estate market continues to experience significant growth, with both rental and sale prices rising steadily across the city since the post-pandemic recovery. For those considering buying or renting in Dubai, Property Finder has recently published its latest data on the average prices for one-bedroom properties in various key neighborhoods. The data, compiled from listings on Property...
Dubai's inflation rate decreased to 3.32% in July, marking its lowest point for the year, despite continued increases in housing costs. According to the latest data from the Dubai Statistics Centre, inflation in the emirate has been driven primarily by rising housing, utilities, and fuel costs, which constitute over 40% of the consumer price index (CPI). Housing and Transportation Costs The costs...
Dubai has been recognized as one of the few global cities experiencing rapid growth in its property market. Over the past three and a half years, property prices in the emirate have surged with a significant double-digit increase. According to a global real estate report, Dubai stands alongside cities like Bangkok, Berlin, Stockholm, Hong Kong, Jakarta, Paris, and Warsaw, where property market growth...
