News and articles

  • A plot on Jumeirah Bay Island in Dubai is being sold for a record AED 61 million

    The buyer is a Russian citizen. The land plot on Jumeirah Bay Island was sold in Dubai to double its original price to a Russian buyer nearly. Its price reached AED 61 million. The oceanfront plot LV11 is one of the few remaining on the site. Initially bought for AED 34 million, the recently concluded sale rose to AED 61 million in six months,...

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    After Dubai was locked down a few months ago, Dubai property buyers should look at the current situation and developments in the Dubai property market that can be expected in short to medium term. A minor weakness of the US dollar against major world currencies, as measured by the so-called dollar index, has made real estate in Dubai cheaper when...

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  • Property prices in Dubai have increased by 28 percent

    It is reported that the fastest rise in property prices in the world was observed in Dubai last year. Dubai is one of the centers of attraction in the Middle East in terms of trade and tourism. According to the global housing index published by the consulting company Knight Frank, property prices in Dubai, the commercial heart of the United Arab...

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  • Weekly real estate transactions in Dubai, from 18 to 25 November, 2021

    166 plots sold for USD 274 million, 1,684 apartments and villas sold for USD 1.04 billion. 2,283 real estate and property transactions amounting to USD 1.9 billion in total were recorded in Dubai during the week from 18 to 25 November, 2021. According to the Dubai Land Department's weekly report, 166 plots sold for USD 274 million, 1,684...

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  • October 2021 in Dubai's real estate market: 5,352 sales transactions, USD 3.5 billion

    To date the value of property sales transactions exceed 2020 as a whole by 43.4 percent. Amid the ongoing Expo 2020, the largest global event and the first-of-its-kind in the Middle East, the Dubai real estate market continued to record new achievements and further growth of real estate sales transactions volumes. October 2021 recorded 5,352 sales...

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  • Dubai's holiday homes rental market is up for a busy December – rates zoom to record highs

    This situation is an ideal opportunity for investors to expand their Dubai portfolios and profit from short-term rentals. For those who plan to book a holiday home in Dubai during the second half of December, here’s a piece of advice – do it as fast as you can. That’s because short-stay or holiday home rentals are recording almost overnight gains...

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  • Dubai’s real estate market is going all digital to buy, sell and register property

    A move to electronic real estate transactions will significantly reduce the time required to complete transactions. Dubai’s property market is moving towards digitalization, where one can buy, sell and register property through digital ways. This is what the Dubai Land Department mentioned at Cityscape Global 2021. The whole process for potential...

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  • The UAE's real estate sector is making a sustained robust recovery

    Investor-friendly government policies have a positive impact on the investment environment in the country. Kuwait Financial Centre Markaz announced the launch of its 'UAE Real Estate Outlook H1 2021' report that features indicators of positive signs of the country’s real estate sector sustained recovery. The report points out that there was a...

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  • What impact is tourism having on the UAE real estate market?

    The easing of COVID-19 restrictions and increase in international visitors are two of the key drivers of growing consumer confidence in Dubai and Abu Dhabi. In the recent months Dubai has witnessed a steady increase in the number of tourists and business travelers driven largely by Expo 2020 which recorded about one million visitors in the first...

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  • The number of sales transactions in Dubai will total 58,000 by the end of 2021

    The real estate market of the emirate is making a slow but steady recovery. A year after bottoming out, the Dubai property market continues to recover as prices increased by just under 1 percent in October to stand at USD 266 per square foot. After a massive 2.51 percent gain in June, monthly price growth continues to gradually lose momentum and...

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