His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has greenlit a series of ambitious housing projects valued at AED 5.4 billion. These initiatives aim to enhance living standards for Emirati citizens across various regions in Dubai. The development plan includes the construction of 3,004 new residential units. Among these, 1,181 homes will be built...
The UAE real estate market witnessed an impressive performance in 2024, recording a total of AED893 billion in property transactions across 331,300 deals. Key emirates contributing to this milestone included Abu Dhabi, Dubai, Sharjah, and Ajman. Mortgage transactions alone accounted for AED229.3 billion across 50,000 deals, excluding data from Ajman, according to the Emirates News Agency (WAM). Dubai...
Dubai's real estate market is set for natural growth, reflected by increasing property values, a surge in new tower developments, and higher sales and rental transaction volumes. The Dubai Land Department (DLD) has unveiled the Smart Rental Index 2025, a transparent system that will regulate residential rents. This innovative approach incorporates advanced building classification methods to...
Dubai continues to solidify its reputation as a global luxury hotspot, with the latest addition to its high-end property portfolio being a collection of Nordic-inspired villas in the Al Wasl district. Valued at AED 1 billion, the development has been unveiled by fäm Real Estate Development, targeting ultra-high-net-worth individuals (UHNWIs) and affluent international investors. Exceptional Sales...
Dubai’s growing prominence as a global real estate investment hub is underpinned by various factors, making it a magnet for international investors. Strategically positioned as a bridge between East and West, the city’s tax-free environment and pro-business policies create a lucrative and secure market. Initiatives such as long-term residency visas and relaxed foreign ownership restrictions have...
Investing in offplan properties in Dubai has become significantly more accessible, with certain private developers now offering zero down payment options. These projects, launched recently, are priced from AED 800,000 and are slated for completion between 2026 and 2027. If these innovative offers gain traction, more developers are expected to adopt similar strategies to enhance sales. In such cases,...
Dubai’s real estate market is poised for an 8% price surge in 2025, primarily driven by a shortage of housing supply, according to Knight Frank. The firm’s recent analysis, Dubai Residential Market Review: Special Edition, highlights an ongoing real estate boom, with house prices across the emirate now standing 19.9% higher compared to the same period last year. This growth reflects an extraordinary...
A significant number of homeowners in the UAE have found themselves becoming "accidental millionaires" as property prices surge across the country. Recent analysis by global real estate consultancy Knight Frank reveals that nearly 20% of homes in Dubai are now valued at over $1 million. Knight Frank’s study highlights that many homeowners who originally purchased properties for under $1 million are...
Dubai’s real estate market is poised for another year of price increases in 2025, following a remarkable 20% surge in 2024, according to Knight Frank. Residential property values are forecasted to rise by an average of 8% next year, while luxury properties are expected to see a more moderate growth of 5%. This continuous upward trend has significantly boosted the number of million-dollar properties in...
