The real estate market in Dubai is flourishing, drawing local and foreign investors keen to invest in property for promising returns.Yet, as demand for Dubai property continues to soar, along with its prices – navigating Dubai's dynamic real estate market is becoming far more challenging.In February this year, apartment prices had already risen by 0.83% compared to January. According to the Property...
A recent report showed that more than 8,000 new properties entered the Dubai real estate market during the first quarter of 2024.According to Cushman & Wakefield Core’s Q1 market report for Dubai, more than 8,351 units were handed over during the first 3 months of 2024, which were “in line with market demand.”Between Q2 and Q4, 29,690 units will be handed over, bringing the yearly prediction to...
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...
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...
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...
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