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...
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...
A new report by Henley & Partners indicates the United Arab Emirates (UAE) has retained its position as the world's leading destination for millionaires for the third consecutive year. The report, titled "Private Wealth Migration Report 2024," forecasts a record number of high-net-worth individuals (HNWIs) relocating to the Emirates by year's end, with an estimated 6,700 millionaires choosing the UAE...
Surging demand, that is set to outshine supply, government incentives and a cutting-edge infrastructure give the emirate enough heft to beat economic headwinds Dubai’s real estate market continues to outperform global hotspots like New York, London and Hong Kong, with no signs of a slowdown in sight, with experts saying property prices – and rents – in the emirate will continue to climb in 2025,...
Expansion to raise the total gross leasable storage area to 336,000 square feet Dubai Science Park Announces Expansion to Support Growing R&D Demand Dubai Science Park, the region's leading scientific free zone, is undergoing a significant expansion project that will increase its storage and logistics capacity by 147%. This strategic initiative was announced at the recent BIO International...
Dubai Property Market Experiences Record-Breaking Performance in May 2024 The Dubai property market hit an all-time peak in May 2024, recording the highest volume and value of transactions ever, data showed on Thursday. As many as 17,713 transactions were recorded during the month, up 53 percent compared to May 2023, real estate portal Property Finder said. Moreover, the value of these transactions...
