Record-Breaking Market Performance In 2024, the Dubai real estate market had a record-breaking 180,900 transactions valued at AED522.1 billion ($142.2 billion). A market report issued by fäm Properties underlines how 2024 became a historic year, with big leaps of 36% and 27%, respectively, on the previous high of 133,100 sales worth AED411.1bn ($112bn) in 2023. Primary Market Growth In the primary...
Introduction Residential real estate rental in Dubai will be governed by an open building classification system with the establishment of the Dubai Land Department's Smart Rental Index 2025. The index represents a comprehensive system integrating the latest technologies and real estate expertise. It aims to provide exceptional services that meet the needs of all real estate market stakeholders. It...
In the case of real estate transactions in Dubai that's why having the right documents isn't just useful, but absolutely necessary. If you don't have the proper documents in Dubai could exacerbate your problems by causing delays, increased costs, or a lack of success with transactions. By understanding what documents you require and what they are for to ensure a smooth experience regardless of whether...
Record-Breaking Performance Dubai Duty-Free recorded a new annual sales record of AED7.901bn ($2.164bn) for 2024, with a significant surge in sales happening towards the end of the year. December set a record with sales of AED821.944m ($225.190m), a 2% increase over the same month in 2023. They were fuelled by Dubai Duty-Free's 41st-anniversary celebrations, when the operation offered a 25% discount...
According to data from the Land Department, the Dubai real estate sector recorded AED21.99bn ($6bn) of transactions last week. According to Land Department data, mortgages dominated the figures, with AED11.02bn ($3.4bn). In total, there were 3,345 sales transactions recorded between December 23 and December 27. Dubai real estate this week Among the most expensive sales transactions listed on the...
The Emirate's real estate regulator has announced that a new 'Smart Rental Index' will be launched in Dubai in January 2025. The new index will regulate and develop Dubai's real estate sector, "particularly in rental valuation". Purpose and Benefits According to the Dubai Land Department, the index will foster "trust, transparency, and confidence among landlords, tenants, and investors." The...
The real estate world could be like walking through an endless maze. There are legalities, contracts and financial information to handle. In case you've wondered who makes sure everything is running smoothly it's an estate settlement firm. These unassuming heroes operate behind the scenes to ensure that your home purchase or sale smooth and easy. Understanding a Real Estate Settlement...
Project Completion Update Dubai South Properties has announced the completion of the first phase of The Pulse Beachfront, a luxury master-planned community located in Dubai South's Residential District. The initial phase comprises 251 units, including 3—and 4-bedroom villas and 5-bedroom waterfront villas. Handovers are set to begin soon. Project Specifications The project has 788 residential...
According to analytics from a top UAE-based real estate company, due to rising property values, increased rental demand, and high investor confidence, Dubai's real estate market is expected to grow steadily in 2025. According to Elite Merit Real Estate, the expansion is fueled by changing market trends, creative government initiatives, and economic resiliency. "Dubai's focus on innovation,...
Market Overview Luxury apartments are in short supply in Dubai's real estate market, according to real estate specialists. As a result, the rental prices of these existing units have increased "tremendously." "We don't have many luxury apartment projects ready at the moment," said Vladimir Minaev, luxury property specialist at Metropolitan Premium Properties. "We only have four or five truly luxurious...
Partnership Overview Wasl Group and Mohammed Bin Rashid Housing Establishment (MBRHE) signed a Memorandum of Understanding (MoU) to create creative housing solutions that improve community well-being and quality of life. Key Objectives The agreement examines ways to build sustainable housing projects on MBRHE-provided property, emphasizing creative ideas that address the populace's requirements and...
Due to ongoing rent increases that force tenants into smaller apartments and demand from newcomers seeking cheaper real estate, one- and two-bedroom apartments are in high demand for rental in Dubai. In the third quarter of 2024, over two-thirds of transactions were for one- or two-bedroom apartments, according to a quarterly report published by real estate services company Engel & Völkers. Over...
Compare listings
Compare