According to the latest data from the Land Department, the Dubai real estate sector achieved AED16.92bn ($4.6bn) in transactions last week. According to Land Department data, sales dominated the figures, with AED10.59bn ($2.9bn). In total, there were 3,772 sales transactions recorded between October 28 and November 1. Dubai real estate this week Among the top sales transactions listed on the Land...
Property prices and rents in Dubai will remain stable over the next 18 months and could decline afterward due to increasing supply following many new project launches after the pandemic, analysts at S&P Global on Monday. A note issued by the international ratings agency said that Dubai's property market will remain resilient, and there has been no impact of the regional geopolitical conflict on the...
UAE interest rates drop: More Dubai property buyers opt for mortgage over cashShift from Cash to Mortgage FinancingDue to declining interest rates both domestically and internationally, more and more Dubai property purchasers are choosing mortgages over cash payments. Betterhomes, a real estate firm, reports that, in contrast to the previous year, when cash purchasers dominated the market, there has been a...
The Dubai real estate market has seen a record-breaking sale as a fully glorified, ready apartment on Jumeira Bay Island has been sold for AED17,000 ($4,600) per Sq.Ft. It symbolizes the highest ever attained for a ready apartment in Dubai. The apartment is on an elevated floor and delivers dual panoramic views of the iconic Bulgari Marina and Dubai skyline. Dubai real estate sales record Real...
The most significant lease contract in Dubai's history was just secured, marking a notable milestone for the ultra-luxury real estate sector in the city. Record-breaking lease details They are leasing the elite Jumeirah Bay Island villa for a year, costing Dh15.5 million. Toni Abou Jaoude, the sales and leasing manager for Betterhomes' local business, acted as a mediator for the deal on behalf of...
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Dubai has quickly emerged as a global center for luxury real estate investments, drawing investors from around the globe. Thanks to its ever-evolving skyline and plenty of investment opportunities with high yields, investing in townhouses in Dubai is increasingly attractive as an approach for long-term financial security and growth. 2024-2025 should become prime years for smart investors seeking premium...
Dubai's primary real estate market encompasses properties sold directly by developers for the first time; typically off-plan developments where buyers purchase prior or during construction phases. This market is highly dynamic, making up an essential part of Dubai's real estate ecosystem due to ongoing development projects and luxury offerings. Attain Vibrant Lifestyle Dubai's real estate market is...