Dubai's property market achieved a remarkable milestone in October 2024, with over 20,000 property units sold—marking an all-time high for monthly sales. According to Property Monitor’s latest report, the majority of these transactions were off-plan or under-construction properties, accounting for 73% of the total activity. This surge demonstrates the market's sustained momentum and highlights...
Sharjah's renowned Alef Group has announced the launch of "Nama 5," the latest addition to its Al Mamsha Raseel residential community. Positioned as the newest residential building in the Nama cluster, Nama 5 contributes to an extensive project designed to redefine urban living in Sharjah. Nama 5 joins a cluster of six buildings within Al Mamsha Raseel, bringing the cluster’s total to 1,029 units....
The Dubai real estate market is increasingly oriented toward affordability, with two in five property sales in the ready-home sector priced below AED 1 million (approximately $272,000). This shift highlights a growing demand for mid-market and budget-friendly apartments, as reported by a recent real estate market report. This comprehensive review of Dubai’s residential, commercial, and hospitality...
Dubai'de inşaattan Ev Almak Dubai, dinamik gayrimenkul piyasasıyla dünya genelinde yatırımcıların dikkatini çeken bir şehir. Bu piyasada, "off-plan" adı verilen, yapım aşamasında olan projelerden ev almak, hem yatırımcılar hem de ev sahibi olmak isteyenler için popüler bir seçenek haline gelmiştir. 1. Off-Plan Nedir? The term "off-plan " refers to purchasing property from...
A recent report highlights a significant shift in Dubai Real Estate market, with many tenants looking to transition to homeownership. The anticipation of rising property prices in Dubai has become a key motivator, prompting renters to consider buying properties sooner rather than later. Developers in Dubai are expected to see a sharp increase in demand, with 66% of tenant respondents in a market survey...
Dubai is set to continue attracting a large number of millionaires in 2024 and 2025. According to the Wealth Migration Report 2024, the UAE is projected to receive around 6,700 high-net-worth individuals (HNWIs) by the end of 2024, making it the leading destination for migrating millionaires globally. This surge is driven by several factors, including Dubai's zero-income tax, the Golden Visa system, and a...
The unveiling of the Expo City masterplan has provided a significant boost to Dubai South's property market, following the development of the region's major airport. The plan is set to drive increased interest in off-plan residential projects within Expo City, with a vision that includes distinct mini-hubs and the potential for future attractions. A Second Catalyst for Growth This new masterplan...
Dubai announced a comprehensive master plan on Tuesday, outlining its vision for preserving the city's cultural heritage while advancing key sectors such as transportation, real estate, and education over the next decade. Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defense, introduced the ambitious strategy. The Executive Council of Dubai, under Sheikh...
Dubai-based real estate firm, Keyper, has launched an innovative rent-now-pay-later (RNPL) service, aimed at transforming the UAE rental market. The RNPL Marketplace allows tenants to spread rental payments over 12 months rather than making a single upfront payment for the year. Keyper's platform curates a selection of premium properties from top real estate agencies across Dubai, all pre-approved for...
