According to a report by real estate agency Allsopp & Allsopp, projects for a new mega-airport in Dubai South are anticipated to significantly increase real estate development across the area.Dubai's Al Maktoum International Airport is selected to open with an accommodation of over 30 million passengers annually. With over 10,000 aircraft stands, it will become one of the world's largest airports upon...
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According to a market summary of the year’s first quarter by property consultant JLL, approximately 10,000 units were completed in Dubai Q1 2024, increasing the total stock to 729,000.Over the coming nine months, an additional 25,000 units are scheduled for delivery in the emirate, primarily consisting of apartments in prominent areas such as MBR City, Business Bay, Jumeirah Village, and Dubai Land.JLL...
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...
A recent report showed that more than 8,000 new properties entered the Dubai real estate market during the first quarter of 2024.According to Cushman & Wakefield Core’s Q1 market report for Dubai, more than 8,351 units were handed over during the first 3 months of 2024, which were “in line with market demand.”Between Q2 and Q4, 29,690 units will be handed over, bringing the yearly prediction to...
Dubai's Booming Real Estate MarketDubai's bellowing real estate space greets a newbie to the market as AMWAJ Development progresses with the launch of Starlight Park in Meydan.Set to be a four-building family-centric community in District 11, the company plans to develop over 1.5 million square feet of new residential projects by 2024 and over 2 million square feet of construction by 2025.Starlight Park...