Market Trends

Demand for property in Dubai picking up

Property prices in Dubai are reasonably priced and demand is picking up. Real estate business is a cyclical business. We have an oversupply, Dubai is reasonably priced. Our prime time price was a little lower than Chicago prices. We are also going through what the world is experiencing. Good demand continues from India, Saudi Arabia, Russia and China. Cavendish Maxwell data showed that 220,208 units...

Sheikh Mohammed issues new Dubai law on unfinished and cancelled real estate projects

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Decree No. (33) of 2020 on the special committee for unfinished and cancelled real estate projects in Dubai, formed pursuant to Decree No. (21) of 2013 Pursuant to Decree No. (33) of 2020, the name of the special committee for unfinished and cancelled real estate projects in...

Dubai villa prices are back on the rise after years of decline

Arabian Ranches, The Lakes, Palm Jumeirah, and Jumeirah Islands were among the communities that registered small increases in prices last month. The overall Dubai property market displayed monthly stability, with an average fall in values of just 0.2% compared to October, the lowest rate of decline in three years. It added that, annually, transactions for off-plan homes dropped 51.5%, but ready homes...

Demand for ready to move in Apartments/Villas/Townhouses

Dubai real estate market recorded 3,395 sales transactions in the month of October this year, worth AED 6.93 billion This remained a record-breaking month for secondary/ready villas/townhouses with 665 unit transfers 1013 villas/townhouses and a total of 2,031 apartments were transferred in October Dubai, UAE, 29 November 2020 - Dubai Land Department (DLD), in cooperation with Property Finder,...

Top Affordable Real Estate Developers in the UAE

Mid-market residential development in Dubai has seen a substantive inventory rise in the recent few years. Areas, particularly Al Furjan, Dubailand, Dubai Production City, Dubai South, Jumeirah Village Circle are mainly focused towards serving the needs of the homebuyers, who seek reasonably priced units. Property Weekly lists the top four developers in Dubai who have made an extensive contribution in...

Dubai Land Department News

Dubai, UAE, 26 October 2020: The real estate bulletin issued by Dubai Land Department (DLD) under the name ‘Real Estate Updates’ revealed that Dubai’s real estate market has maintained its appeal among local and international investors, despite the unexpected effects imposed by COVID-19. Of the most prominent data cited in the bulletin to consolidate this fact was the entry of 10,728 new...

Dubai Real Estate Market News

Dubai Property Sale Transactions Volume in Q3 2020 grew 57.1% and Total Value grew 70.4% The Dubai Real Estate market recorded 3,849 sales transactions in September 2020 worth AED 8.943 billion September 2020, real estate sales transactions grew by 55.3% compared to August and averaged 872 properties sold in Dubai every seven days. In September 2020, the Dubai overall Index reached 1.095, the...

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