Value of property transactions in Dubai hits four-year high for May Total number of deals in the emirate for the year stands at almost 21,000, worth $12.8bn Top areas of interest in terms of searches for apartments in May were Dubai Marina, Downtown Dubai, Palm Jumeirah, Business Bay and Jumeirah Village Circle May saw the highest value of property transactions in Dubai in four years,...
Dubai Real Estate Sales - Q1 2021 Emirate saw sales of more than 6,000 ready homes in the first quarter, worth AED13.5 billion, and 3,600 off-plan properties worth AED5 billion. The first three months of the year witnessed the highest recorded number of home sales transactions in Dubai since 2010, according to the latest Q1 real estate market report from Valustrat. As the emirate’s real...
Buoyancy Returns to Dubai Realty | Transactions during March were at a 10-year high as strong market growth continued, Property Monitor monthly market report said. The Dubai property market continued to strengthen in Q1 2021 to record the first yearly price increases since 2015 while displaying new and promising markers for growth each month. In March, with a rise of 1.3 per cent to Dh873 per sqft,...
Its Binghatti Avenue project was earlier scheduled for completion in fourth quarter 2022 The Binghatti Avenue is heading for an April 2022 completion. Dubai: Binghatti Developers plans to start handover of the second phase of its Binghatti Avenue - months ahead of the deadline. The project is located in the Al Jaddaf area of Dubai Healthcare City, and takes up a builtup area of about one...
The UAE government also announced that five years visas will be available for AED650 Ten-year visas for UAE residents are now available for AED1,150, the government announced on Sunday. The visas will be available for investors or their senior employees, as well as those with specialised skills or researchers in various scientific and knowledge fields. The visas will be available for their...
The move from the UAE to grant permanent residency has been welcomed by the business community, but what impact will it have on the real estate market? According to the latest report published by real estate portal Property Finder: the UAE’s move to grant permanent residency to wealthy investors and entrepreneurs is a good step forward and likely to boost the fortunes of its property market. Around...
A total of 1,131 real estate and property transactions valued at AED3 billion were registered during the week ending 24th March, 2021. 115 plots were sold for AED548.96 million, 721 apartments and villas were sold for AED1.25 billion. The top three transactions were a land in Palm Jumeirah sold for AED55 million, followed by a land that was sold for AED32 million in Palm Jumeirah, and a land sold for...
Off-plan property transaction now make up almost half of all residential sales in Dubai, with buyers taking advantage of increasingly generous payment plans, according to listings portal propertyfinder.ae. The company said cheaper homes and lower deposit requirements were driving investors towards off-plan deals. It said median prices for homes have fallen by 20% between November 2015 to April 2017,...
Buying off-plan in Dubai is one of the best investment decisions you could make for the future. There are many advantages to it, including amazing payment plans spread over many years and lower prices. There are many off-plan projects in Dubai, and so it can become hard to choose the right project that caters to your exact needs. That’s why Property Finder gathered some of the best ones in Dubai that...
For developers, ready properties have become a large chunk of their sales turnover Dubai: UAE’s off-plan properties are seeing high demand from individual investors, who are selling these units even before completion, according to a Property Finder report. “Over the years, investors have increasingly chosen to ‘flip’ their properties and participate in secondary off-plan sales where...
First-time buyers looking to invest in Dubai property should be aware of several elements While Dubai’s real estate sector is enjoying an increase in completed residential properties, there are many elements that a new purchaser should be aware of when considering purchasing a property such as the following. Power of attorney Foreign first time purchasers should bear in mind that they can actually...
According to statistics revealed by Dubai Land Department, 3,036 new investors entered the market in January and February 2021. Dubai's real estate investment hits $3.8bn in first two months of 2021. Investment in Dubai’s real estate reached AED14 billion ($3.8 billion) by the end of February, despite the continued crisis caused by the coronavirus pandemic. According to statistics revealed by...
The UAE has adopted citizenship law amendments' The UAE has adopted law amendments that allow granting Emirati citizenship to investors, specialized talents and professionals. The professionals include scientists, doctors, engineers, artists, authors and their families. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced...
Dubai has been registering an uptick in property sales transactions in the last six months. Secondary, ready villas, and townhouses are in high demand as per Dubai Land Department. But it is not just the ‘glut’ in the market that is driving this upswing. The prices, too, are reporting an upward trend for the last six months. The rising interest in the mid-to-high housing market reflects a...
Company wants to get into thick of buying activity involving $5m plus homes Dubai: One of the biggest names in the global real estate space wants to sell homes of $5 million and more in the UAE. Berkshire Hathaway Home Services' Gulf venture has launched its luxury collection division, even as the top end of the local market sees more buying activity in recent weeks. “There is...
Industry experts also say the UAE's retail and tourism sectors are likely to see boost from Gulf-Qatar agreement The real estate sector in the UAE could be one of the major winners from the deal to welcome Qatar back into the GCC family, according to industry experts. The UAE joined Saudi Arabia, Bahrain and Egypt on Tuesday in signing an accord with Qatar during a summit of Gulf Cooperation...
A beautiful city like Dubai has so much to offer its residents. Whatever lifestyle you prefer and the budget you have, you will always find the home you are looking for. The variety of properties and communities gives everyone the luxury of choosing between different options according to their needs. It can be a good idea to upgrade your house to a villa if your family is about to get bigger, or you...
Madinat Jumeirah Living in Dubai: Located opposite the iconic Burj Al Arab, Dubai Holding’s exclusive flagship residential development, Madinat Jumeirah Living offers a luxury lifestyle in the heart of the city. This gated residential cluster, once ready, will include a convenient community centre, community retail, and a suite of concierge services, day care centres, play areas, parks and open spaces,...
While the pandemic has forced developers in the UAE to rethink project launches, slowing down the off-plan market considerably, real estate experts say there is a sustained demand for off-plan projects in prime locations. According to Property Finder reports, in November 3,928 transactions worth Dh7.65 billion took place in the Dubai real estate market. Around 38.5 per cent of these transactions were in...
Dubai climbs the Global Real Estate Transparency Index after launching official residential index Dubai and Abu Dhabi are the most transparent real estate markets in the MENA region, according to the latest Global Real Estate Transparency Index from JLL. The index is considered a useful indicator of a city’s overall ‘real estate investment health’ and comes despite continued concerns...
