Dubai's real estate market has emerged as a top choice for international investors seeking safe and reliable opportunities in a post-Covid world. Market analysts are predicting robust growth in the industry, which is expected to have a positive ripple effect on other sectors such as aviation and tourism. With its Golden Visa, tax-free incentives, and multicultural character, Dubai offers an...
Real Estate News
Dubai's prime residential real estate market continues to flourish, with 88 home sales above $10 million, totaling Dh6 billion, in the first quarter of 2023, according to a recent analysis by global property consultant Knight Frank. The Palm Jumeirah, Emirates Hills, and Jumeirah Bay Island remain the top luxury home sales locations, with average transacted prices reaching Dh8,800 per square foot for $10...
High-net-worth individuals (HNWIs) and overseas investors continue to be drawn to Dubai's luxury real estate market, which has led to a surge in prices as a consequence of the demand and limited supply. Three of the most expensive residences ever sold were in Dubai, according to Zoom Property Insights. 30% of all real estate sales in the luxury market category took place on the Palm Jumeirah, with the...
According to Walid Al Zarooni, CEO of W Capital, a real estate firm in the United Arab Emirates, investing in Dubai's upmarket real estate has shown to be a wise choice during the COVID-19 epidemic. Al Zarooni claims that from 2020 to the first quarter of 2023, real estate investors who took the chance to invest in Dubai saw their earnings exceed 100%, particularly in luxury real estate. He added that...
According to Knight Frank, a worldwide property consultant, Dubai's branded residential real estate market would rise by 80% year on year in 2022. According to the survey, demand for luxury residences has increased significantly, with branded residential estate developments accounting for 61% of off-plan apartment sales in the city throughout 2022. According to the survey, the number of branded...
Dubai's real estate market remains robust as it records 504 sales transactions, 98 mortgage deals, and 23 gift deals on Tuesday, according to data released by Dubai's Land Department (DLD). The transactions amount to over AED2.8 billion or $762.4 million. The sales transactions include 471 villas and apartments worth AED954.05 million, and 33 land plots worth AED382.44 million. Meanwhile, the mortgage...
Dubai has long been recognised for its opulent and luxury houses, which draw wealthy individuals and foreign investors. Three of the world's most expensive houses were sold in Dubai in 2022, and this trend is expected to continue in 2023.According to Zoom Property Insights, Palm Jumeirah remains the top option for ultra-rich investors and HNWIs, accounting for 30% of total luxury market real estate...
The Dubai property market is booming, with sales totaling more than AED10.1 billion ($2.8 billion) in only one week from a total of 3,903 transactions for the week of March 17, 2023. According to the city's land department, 208 plots sold for AED1.12 billion ($305 million), while 2,906 apartment and villa transactions totaled AED6.25 billion ($1.7 billion).The emirate's estate market has grown since the...
Explore the dynamic landscape of Dubai's luxury real estate market, ranked as the fourth most active worldwide. Discover how Nautilus Properties can guide you through the maze of investment opportunities in high-end residential areas like Downtown Dubai, Palm Jumeirah, and beyond. With our expert insight and tailored services, immerse yourself in a realm where luxury meets sophistication in the heart of a global business hub.