Dubai's real estate rental business is expected to grow to new heights in 2024, having reached almost $10 billion last year.According to Provident Property Management, the rental activity in the Dubai real estate market has increased significantly, indicating the market's continued success.A new report said the average price for renting apartments in the city is approximately AED73 ($20) per square foot so...
The Burj Khalifa is the world's tallest building, often adding value to apartments with views of the skyscraper. However, what is the expense of living in the actual building? Both owning and renting in the Burj Khalifa come with sky-high price tags, alongside the exclusivity of the address.The Burj Khalifa Tower offers various residential units, each with views of the city's skyline. The value of each...
Are You Dreaming of Owning Real Estate in Dubai? Buying property can be an attractive investment opportunity in Dubai with its stunning skyline, luxurious lifestyle amenities, and bustling real estate market but how will I finance such an acquisition? In this blog post we'll go through various financing solutions available to us so we can turn your dreams of owning property here into a reality including...
According to the Asteco Q1 2024 real estate file, 10,000 new residences entered the Dubai property region in Q1.Asteco says that Dubai’s market stays resilient and suggests vital signs of progress in 2024.Dubai’s powerful economic performance and dedication to enhancing the rate of life and drawing skilled professionals will resume to attract a significant number of emigrants.Dubai real estate...
Dubai’s tourism sector is driving a surge in demand for short-term rental properties, prompting a wave of conversions by landlords and investors seeking to capitalize on the lucrative market, experts told Arabian Business.As the city becomes one of the world's most frequently visited tourism destinations, savvy real estate players are shifting towards vacation rentals, attracted by higher yields and the...
Dubai real estate colossus Emaar Development caught property sales increase by 50% to AED12.9bn ($3.5bn) in Q1 2024, analogized to AED8.6bn ($2.3bn) in Q1 2023.This performance resulted from Emaar Development’s successful property launches, which created an excellent revenue pipeline for the future and marked steady progress toward the company’s strategic initiatives to cement its position as a trusted...
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...
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...
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...
Many landlords in Dubai have begun increasing rents upon renewal of residency contracts after the Real Estate Regulatory Authority (RERA) reworked its rental index, allowing property owners to extend rents to align with the market value.Industry leaders, however, say that many residents in the emirate will only have to pay more increased rents later this year or early next year when their present tenancy...