The Dubai real estate market is experiencing unprecedented growth, as indicated by the latest data from Property Finder. In January 2023, property transactions in Dubai witnessed a remarkable 128% year-on-year surge, reaching a total of 9,800 sales. Discover the key highlights of this flourishing market and the evolving preferences of property buyers and tenants. Dubai Real Estate Market: A Thriving...
Real Estate News
Explore the latest insights into the Dubai real estate market as we delve into the projections for 2023. A prominent real estate consultancy in the city predicts a deceleration in the pace of residential property price growth following a remarkable year that witnessed a staggering 60% surge in total units sold. Discover the factors influencing this trend and gain valuable information on the anticipated...
The real estate market in Dubai continues to flourish as recent figures from the Dubai Land Department (DLD) reveal a staggering AED10.4 billion ($2.8 billion) worth of transactions conducted in just one week, ending on May 5th, 2023. According to the DLD report, a total of 3,050 real estate transactions took place during this period. These transactions included the sale of 189 plots amounting to...
The Dubai real estate market continues to thrive, as recent figures from the Dubai Land Department (DLD) reveal an impressive week of transactions. A staggering total of 3,050 real estate deals, amounting to a value of Dh10.4 billion, were recorded for the week ending May 5. The DLD report highlights the diversity of transactions, with 189 plots of land sold for a total of Dh1.19 billion, and 2,239...
In the dynamic Dubai real estate market, a growing number of individuals are making the transition from renters to buyers, driven by a desire for security and a rising interest in the sales market. At the same time, international investors are flocking to Dubai, enticed by the potential for impressive returns on investment and the overall positive performance of the market. Betterhomes, a leading real...
The Dubai real estate market has witnessed a remarkable surge in Q1 2023, with a staggering 147% increase in the value of transactions compared to the same period last year. Additionally, the number of transactions has risen by an impressive 67%. According to the latest data released by the Department of Municipalities and Transport (DMT), the sector has recorded a total of 3,518 property sales...
Dubai's real estate market has captivated the attention of investors and enthusiasts alike, as it continues to witness impressive growth and achievements. Similar to the way media coverage revolutionized the investment landscape in New York during the railroad era, Dubai's media outlets are now fixated on highlighting the remarkable developments and opulent properties built by tycoons and aspiring...
Majid Al Futtaim Properties, a leading real estate developer in Dubai, has announced the sale of a luxury mansion in the Tilal Al Ghaf project's Lanai Islands for Dh200 million ($54.4 million). The sale is the highest recorded in the company's flagship project in Dubai and highlights the growing demand for premium properties in the emirate. The Lanai Islands development features 13 ultra-luxury villas...
Asteco Reports Continued Growth and Resilience of Dubai’s Real Estate Market Dubai's real estate sector is showing remarkable growth and resilience post-pandemic, with more than 32,000 new residential properties, including villas and apartments, set to be handed over by the end of 2023, according to real estate consultancy Asteco's Q1 2023 report. The report indicates that despite concerns over...
Robust Growth in UAE Real Estate Market with Noteworthy Projects Launched in Abu Dhabi and New Stock Added in Dubai Description: The Dubai and Abu Dhabi real estate markets continue to show strong growth in Q1 2023, with the rental and sales rates increasing, according to the Asteco Q1 2023 report. The positive market outlook can be attributed to the influence of new government programs and wider...