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03.06.20242392Foreign buyers should not expect a summer lull in the Dubai property market, which has been observed in recent years. By Q2 2024 the factors that can affect the decline in the cost of real estate are not observed in the emirate. The information was revealed by Natalia Bakalym, sales manager at property development company Object 1, during the...
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31.05.20243739A new annual record has been set in Dubai’s real estate market. Deals concluded in the emirate in 2023 brought the market over 112.1 billion dollars, demonstrating a 56% annual sector growth compared to the results of 2022. During the same period, in Abu Dhabi, the country’s capital, real estate sales generated over 11.9 billion dollars, marking a...
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27.05.20243531Final data on real estate transactions in Dubai and Abu Dhabi for 2023 is still pending, but even now, we can speak of extraordinary results for the market. It is known that in Dubai, the key emirate of the country, the number of real estate transactions increased by 57% in annual terms for the first ten months of the previous year. In the capital...
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22.05.20242968Evidently, the anticipated slowdown in sales in Dubai has begun in the emirate’s villa market. Over the past February, the number of transactions for the sale of private houses decreased by 55% year-over-year. However, the situation appears more promising given the 22.8% year-over-year growth observed in January 2024. Furthermore, no correlation...
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17.05.20242483The recent UAE’s removal from the FATF grey list is a highly significant event that will have a major impact on the growth of the country's real estate industry. The welcome FATF decision is expected to increase the influx of capital into the country, particularly for high net worth individuals (HNWI), by reducing unnecessary checks and...
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12.05.20242421A recent forecast on the Middle East real estate market published by CBRE indicates that the investment yield in UAE residential property will remain at 7–7.5% in 2024. The yield for luxury residential real estate is likely to reach 6–7%. Office yields are expected to be at 6.5–7% for the luxury class and 7–7.5% for Class A offices. The total value...
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10.05.20242678Fresh data on the real estate market in the UAE for 2023 indicate a significant increase in the investment attractiveness of the northern emirates of the country. Markets in Ajman, Sharjah, and Ras Al Khaimah (RAK) are experiencing considerable growth. Website visits for property sales, user behavior, and buyer trends demonstrate a clear upward...
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10.05.20241271According to research by the analytical company JLL, sustained growth in Dubai's residential real estate market will lead to the delivery of over 35,000 new units by the end of the year. Investor demand is driven by offerings of creative products, attractive payment options, and recent changes in golden visa requirements. The real estate market...
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07.05.20242292Economists and real estate market experts in the UAE anticipate an increase in demand and the continuation of an upward trend in property prices in 2024. However, many expect significant changes in the situation by the second half of 2024. Current data indicates an upcoming shift, which will particularly impact the luxury real estate market. It is...
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04.05.20244479In recent years, the UAE, the second-largest economy among Arab countries, has implemented a series of economic, social, and legislative reforms to attract a greater volume of foreign direct investment and skilled workforce to the country. For instance, in 2019, the "golden visa" programme was launched, granting a 10-year residency right in the...
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