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...
A recent survey by the Luxury Residential Outlook Survey 2025 has revealed that 22% of High-Net-Worth Individuals (HNWIs) and ultra-HNWIs are keen on investing in international real estate. Notably, Dubai has surpassed London as the most preferred global destination for these investors. This marks a significant increase from historical trends, where interest in overseas real estate stood at...
Experts warn that the UK government must fully revoke its controversial tax policies to prevent London’s decline as a prime hub for business, investment, and high-stakes legal matters. Without decisive action, Labour’s current approach could further accelerate the exodus of high-net-worth individuals (HNWIs) from the country. UAE: A Growing Destination for the UK’s Super Wealthy Dubai and Abu...
Starting February 1, 2025, property buyers in the UAE who opt for mortgages will face higher upfront costs. This change comes as banks will no longer finance the Dubai Land Department (DLD) fee, which is 4% of the property value, and the 2% brokerage commission. Previously, these fees were included in the total mortgage amount, but under the new regulations, buyers will need to pay these costs out of...
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's real estate market has become a magnet for global investors, with a noticeable surge in interest from European buyers, particularly those from Germany, France, and the UK. This marks a significant shift in a market traditionally dominated by regional buyers, now diversifying with increased participation from European, Asian, African, and US investors. Global Economic Landscape Shaping...
In the final quarter of 2024, Dubai's real estate market achieved AED116.5 billion ($31.7 billion) in total sales transaction values, marking a 31.1% year-on-year increase, according to a report by Springfield Properties. This milestone underscores the city's robust growth trajectory in the global property sector. Transaction volumes experienced a remarkable 51.8% increase, with 46,844 deals closed...
Over the past 15 years, Dubai's Burj Khalifa has established itself as a beacon of real estate triumph, recording a staggering AED 8.8 billion ($2.4 billion) in home sales from 1,862 transactions. In 2024 alone, the Burj Khalifa achieved AED 467.1 million ($127.2 million) in home sales, according to Knight Frank's market analysis. Despite a 27% reduction in available inventory, the tower's sales were...
