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...
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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...