Dubai Real Estate

Dubai's Booming Real Estate MarketDubai's bellowing real estate space greets a newbie to the market as AMWAJ Development progresses with the launch of Starlight Park in Meydan.Set to be a four-building family-centric community in District 11, the company plans to develop over 1.5 million square feet of new residential projects by 2024 and over 2 million square feet of construction by 2025.Starlight Park...

According to accommodation management firm Frank Porter, Dubai short-term rentals could thrive in the summer.A range of tourism initiatives in Dubai and rising prices in European resorts make the UAE an attractive option for business and leisure travellers.Short-time period accommodation is ready to enjoy a hectic summer time thanks to the UAE’s assorted entertainment services, compelling summer season...

Dubai real estate continues to flourish, with sales transactions up more than 45% last month, according to Property Finder.The property medium has announced its market performance emphasis for April 2024, offering valuable insights into the real estate landscape.In April 2024, recorded sales transactions increased by more than 45.11 percent year over year, reaching 11,607 compared to 7,999 in April...

British investors are driving Dubai’s real estate market. Industry insiders told Arabian Business that they are flocking to the UAE in record numbers to buy properties and settle down, with high rental yields, lured by tax benefits and a luxury lifestyle.Data from top Dubai property agencies shows an exceptional surge in dealings from UK nationals over the past year, outpacing traditionally dominant...

On Sunday, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai announced the expansion of a new passenger terminal at the Al Maktoum International Airport in Dubai South.The planned expansions of the new airport in Dubai are valued at AED128 billion (approximately $34.8 billion) and are expected to be five times larger than Dubai International Airport...

Swank Development Opens Office in DubaiSwank Development, a real estate developer from Portugal, has recently opened an office in Dubai and plans to launch its first project in Meydan, Mohammad bin Rashid City."Dubai is one of the top global destinations for business and living. Its thriving economy, superior lifestyle, advanced infrastructure, and safety and security distinguish it from other regional and...

According to the latest analysis by Bayut, apartments in Dubai Investments Park, Discovery Gardens, and Liwan offer the best rental returns of up to 11 percent to affordable property buyers.Dubai Silicon Oasis, Dubai Sports City, and Motor City have appeared as highly attractive choices.  They offer up to 10 percent return on investment (ROI) based on projected apartment rental yields.Bayut's...

According to the latest quarterly report by the Bayut real estate portal, the rental market in Dubai continues to grow.In the first quarter of this year, rental prices for apartments and villas increased by up to 17 percent, spanning affordable, mid-tier, and luxury market segments.This continued boom has been fueled by robust calls among local and overseas property seekers, resulting in tenants...

The today's quarterly report released by using real estate portal Bayut has revealed a listing of the excellent-selling off plan properties in Dubai.Throughout the primary area of this yr, Dubai recorded almost 37,000 property sales transactions worth a spectacular AED109.6 billion, reflecting high investor confidence in the town’s real estate market.The Bayut record registered an increase in demand for...

Dubai’s Danube Properties has announced its latest AED2.4bn real estate project, Diamondz, at Jumeirah Lake Towers.The 65-storeyed skyscraper aims to promote a healthy lifestyle and fitness regime for its residents. It features the region’s first gym with superstar Salman Khan’s “Being Strong Fitness Equipment” range.“I am very happy to launch the first gym in Dubai with Being Strong equipment...

Two Dubai-based developers—ARA Real Estate Development and DECA Properties—are joining hands with a land-owning company to launch a slew of massive residential projects spanning Dubai, Abu Dhabi, the North Emirates, and Europe, envisaging tens of billions of dollars.The land worth of the ambitious multi-country project independently is calculated at $6 billion (AED22 billion)The project's overall...

Emaar Properties disclosed its record-breaking achievement in 2023, reporting property sales reaching $11 billion. Furthermore, the company announced a total dividend payout of $1.2 billion (AED 4.4 billion) for the same year, following its outstanding performance.This dividend, approved during the company's annual general body meeting (AGM) on Monday, translates to 50 fils per share. The $11 billion (AED...

According to an analysis by Espace Real Estate, Dubai real estate has seen a 26 percent increase in residential real estate values this year.Strong Start to 2024A Q1 market summary report issued by Espace Real Estate investigated sales and rental activity in Dubai's townhouse, villa, and apartment markets during the first three months of 2024.The report tracks 30 communities and concentrates solely on the...

According to data from the Dubai Land Department (DLD), apartments in DAMAC Hills 2 areamong the most frequently traded properties in the United Arab Emirates.This intellectual development, the brainchild of DAMAC Properties, the top developer in theUAE, spans 55 million sqft and offers residents and guests a lifestyle that blends leisure,recreation, and scenic beauty. It also provides a distinctive take...

Dubai resumes to inspire real estate investors in the Middle East, attractingengagement with its enthusiastic market and impactful 2024 predictions.Analysts are optimistic, predicting an increase of 5 to 7 percent in residentialprices, which means Dubai's property market will have a good year ahead.Salman Bin Ali has emerged as a critical player in Dubai's thriving real estatemarket. Salman's story is...

Global property counsel Knight Frank's research said 105 homes priced beyond $10 million were sold in Dubai during Q1, marking a 19% increase compared to last year.Luxury Home Sales Surge in DubaiThe total weight of luxury homes dealt with during Q1 amounted to $1.73 billion, a 6% rise from Q1 2023. This evolution further solidifies Dubai's position as the world's busiest home market for $10 million or...

Transactions Surge 49.9% Compared to 2023 AED 1.46 billion worth of real real was exchanged in 1169 transactions in Ajman in March. This represents a noteworthy growth of more than 49.9% as compared to the identical time in 2023. Al Helio 1 Area Sees Highest Sales Value The Director General of the Department of Land and Real Estate Regulation in Ajman, Engineer Omar bin Omair Al Muhairi,...

Flipping is unheard of within the residential belongings market due to pinnacle builders now requiring around 30 to 50 percent of the price before owners can promote it.Flipping happening on commercial landHowever, on the subject of commercial land, there is lots of flipping happening as expenses have rocketed through around 300 percent in the beyond couple of years.Reasons for lack of flipping in the...

The real estate sector in Dubai remains robust, with both off-plan and secondary/existing properties experiencing notable growth in sales.Investors and homeowners alike are witnessing appreciable increases in property values, with yields showing consistent year-on-year improvements, as reported by property specialist Haus & Haus Real Estate.The company has released its Dubai Market Reports for Q1,...

Many landlords in Dubai have begun increasing rents upon renewal of residency contracts after the Real Estate Regulatory Authority (RERA) reworked its rental index, allowing property owners to extend rents to align with the market value.Industry leaders, however, say that many residents in the emirate will only have to pay more increased rents later this year or early next year when their present tenancy...