2024

According to a market summary of the year’s first quarter by property consultant JLL, approximately 10,000 units were completed in Dubai Q1 2024, increasing the total stock to 729,000.Over the coming nine months, an additional 25,000 units are scheduled for delivery in the emirate, primarily consisting of apartments in prominent areas such as MBR City, Business Bay, Jumeirah Village, and Dubai Land.JLL...

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...

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...

Dubai International (DXB) operations may be transferred to Al Maktoum International (AMI) over the following few years. A new Dh128-billion passenger terminal at the AMI announced Sunday that it will scale up passenger capacity to 260 million yearly and "absolutely absorb" DXB's operations in 10 years.The announcement marks phase two of the airport's expansion. DXB will resume serving as the preliminary...

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...