A new report showed that 40 percent of property sales in Dubai this year have gone to home seekers looking to buy villas.Property Finder’s recent 2024 data has unveiled that out of this 40 percent, 85 percent are looking for three-bedroom and above villas. Data displayed areas directing the demand in early 2024, like Dubai Hills Estate, Arabian Ranches, Al Furjan, Mohammed Bin Rashid City, and Palm...
On Sunday, the Dubai Land Department (DLD) signed a deal with nine private and government-backed developers to allocate a certain quota for their projects sold through Emirati brokers to provide more job opportunities to the locals.In an agreement signed with Emaar Properties, Deyaar, Expo Dubai, Damac Properties, MAG, Azizi Developments, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real...
Experts say that DUBAI's real estate market will continue its upward trend this year, following a solid start in the first quarter as investors and end-users flock to buy residential properties in the emirate.Steady Increase in Transactions and PricesThe latest data indicates that the emirate's residential market has retained its appeal during the January-March 2024 quarter by reflecting solid double-digit...
La Maison Amal: Integrating Luxury and WellnessLa Maison Amal, a recent wellness-focused super-prime residential project in Dubai's Al Barari area, was projected on Thursday in a move that is set to disrupt the emirate's real estate sector.The 5-bedroom residences project is touted to integrate luxury with tranquillity and wellness seamlessly.Maria Morris, Founder and CEO at Maria Morris Real Estate, said...
Branded residences are on the upward push globally, especially in Dubai, with great increases in branded residential initiatives set to reshape the town’s skyline. However, are there distinct benefits to proudly owning a branded house over a non-branded one, or is the price tag handiest associated with the brand name?Primary Distinction: Exclusivity vs Broader AppealThe primary distinction between...
New Residential Project AnnouncedDubai Investments has announced a 287-unit, 27-floor residential unit in Jumeirah Village Circle (JVC).The investment organization, indexed on the Dubai Financial Market (DFM), will position up to AED 300 million ($81.7 million) into the project, to be developed through Dubai Investments Real Estate (DIR), the real estate arm of Dubai Investments.Project DetailsIn one of...
Deyaar, one of the most prominent private realtors in the UAE, recently announced its first dividend distribution as the company turned itself around, riding on the current boom in the country's real estate."This transformation is the result of our team's hard work for the past years, addressing many legacy and business matters to enable the company to become one of the key players in the Dubai real estate...
Off plan property projects in UAE continue to sell like hotcakes – in a matter of days if not hours. This is happening even as the real estate market is predicted to grow slower this year after a strong rally over the past three years.High Demand from Wealthy Buyers and InvestorsExpectedly, those driving the demand are high-net-worth individuals, foreign investors, and residents who are snapping up the...
Dubai's commercial real estate sector is experiencing a significant surge, with a particularly strong demand for luxury office space.This uptick can be attributed to companies' endeavors to set themselves apart from competitors and entice employees back to the workplace by offering a working environment that justifies the commute.Emirates REIT (CEIC) PLC, the arena's biggest Shariah-compliant Real Estate...
Dubai, UAE - Dubai's real estate market is witnessing an awesome increase, marked by using report-high belongings expenses. Despite a surge in new developments, the call for maintenance remains robust, offering moneymaking opportunities for buyers seeking to capitalize on the off-plan market.Dubai's Thriving Real Estate MarketDubai's real estate market is experiencing a surge in activity, evidenced by the...
Strong Demand for High-End Commercial SpaceThe commercial real estate market in Dubai is experiencing significant growth, particularly in the high-end space segment. This surge in demand is driven by businesses aiming to differentiate themselves and attract employees by offering impressive workplace environments, which make the daily commute worthwhile.Emirates REIT (CEIC) PLC, the world's largest...
Experts at a panel discussion foresee the UAE's real estate sector continuing its upward trajectory in 2024, despite a softening global outlook. Dubai and Abu Dhabi are expected to deliver approximately 34,000 units and 8,000 units, respectively.Panelists highlighted robust economic fundamentals, government initiatives, and increased investor confidence as key factors driving new opportunities for...
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