UAE real estate market has experienced sustained success due to strong demand from both international and local buyers, along with reforms geared at diversifying its economy and strengthening property sector. Investors continue to flock to UAE due to its modern infrastructure, strategic location and tax-free environment making it one of the world's premier destinations for real estate...
According to a recent Betterhomes poll, individuals' preferences are changing, and the real estate market in Dubai is proliferating.The Future Living: Dubai 2024 Edition report surveyed 1,612 respondents and showed that 72% expect property prices to rise over the next 12 months."Dubai for so many of us is now somewhere we call home. A city we have put down roots, opened businesses, grown families and...
Project OverviewIn the center of Jumeirah Village Circle (JVC), the premium residential project The Orchard Palace, designed with European influences, has entered its second phase, according to developer Peak Summit Development of Dubai.The developer said the project's progress is advancing fast, with the construction of a new tower – Tower C – currently underway.Construction ProgressThe first phase,...
Out of all the major cities in the world, Dubai's property market is expected to develop at the fastest rate this year; nevertheless, the high level of new supply may cause a mild correction in the near run.According to UBS Global Real Estate Bubble Index 2024 released on Tuesday, Dubai's score has increased from 0.14 in 2023 to 0.64 this year. Meanwhile, the emirate's ranking in the index has risen from...
The Rise of Branded Residences in DubaiMarket analysts said that Dubai's realty sector is witnessing a sharp increase in branded residential developments, reflecting not only the growing demand for luxury living but also the willingness of buyers to pay a gratuity for the exclusivity that arrives with a branded residence.More than 120 branded developments in Dubai this year, a sharp increase from just 69...
Impact of Federal Reserve Rate CutAccording to experts, the US Federal Reserve's decision to cut interest rates by 0.5% will positively impact the UAE property market. Local banks are expected to lower mortgage rates in the coming days and weeks.The Fed's first rate cut since 2020 may result in substantial savings and more affordability for potential UAE homebuyers as mortgage rates decline. Lenders may...
Real estate investment trusts (REITs) have revolutionised property investment, offering accessible opportunities for both newcomers and experienced investors to diversify their portfolios. As real estate markets change and evolve, keeping up-to-date on emerging trends like rising home values or technological developments is crucial. If you want to learn how REITs operate or refine existing strategies for...
Dubai’s real estate market has stabilized following significant price increases in off-plan properties during 2023, according to a report by Better Homes.The market witnessed a spike in off-plan property prices over the last year, driven by high demand and limited supply in critical areas.Prices in high-demand locations such as Dubai Hills Estate, Business Bay, and Jumeirah Village Circle surged 15-30...
Real estate investing is one of the surest ways to build long-term wealth, and in Dubai's dynamic real estate market it can be hard to miss the potential. 2024 represents incredible opportunities in Dubai real estate; finding an agency you trust with an understanding of local dynamics will enable you to make informed decisions that lead to lasting wealth creation. Dubai has always been an investor...
85% of all established freehold villa communities in Dubai have more than doubled in value compared to four years ago, a new report shows.According to the most delinquent data from ValuStrat, a real estate consultancy, prices have overtaken the previous heights of the last decade, with Palm Jumeirah villas closely creasing in value since 2014.Dubai’s real estate market resumes to shatter records, with...