Market Trends

Practical Tips for Property Buyers & Investors in Dubai

Practical tips for property buyers and investors in Dubai

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...

For apartments, Dubai Marina, Business Bay, Palm Jumeirah, Burj Khalifa, and Al Merkadh topped the list in February 2021.

Dubai’s real estate investment hits $3.8bn in first two months of 2021

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...

His Highness Sheikh Mohammad Bin Rashid Al Maktoum

Investors, innovators, artists to get UAE citizenship: HH Sheikh Mohammed

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...

Time to buy? Dubai property sales on an upswing, despite Covid-19 woes

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...

Is the UAE’s real estate market set to benefit from the return of Qatari investors?

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...

Your Guide to the Best Villa Communities in Dubai

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...

Here are three communities in the off-plan sector in Dubai, Sharjah and Abu Dhabi that hold promise

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,...

Dubai Real Estate: Off-plan property attractive in prime locations

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...

How Dubai is becoming more transparent to attract Real Estate Investors

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...

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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