Sign in
Sign up
News and articles
-
02.11.20228001The Dubai real estate market has only continued to gain momentum, driving demand for elite housing units in the third quarter of the current year. For this period of time, the growth in sales peaked at 70 billion AED. These three months have been the most successful in the history of the local market, with an 18% increase if compared to the second...
Read more -
01.11.20225260The boom in the Dubai real estate market has lately been drawing increasing numbers of foreign buyers who are looking for a second home and/or a buy-to-rent property. Wealthy Russians have traditionally been particularly active in this market. They are usually interested in beachfront properties, according to Sean McCauley from Devmark Group (a...
Read more -
01.11.20225620The Dubai real estate sector is at the very center of growth and activity of the rapidly urbanizing world. According to a Bloomberg report, local real estate prices surged by 89% over the past year alone. In the first half of 2022, the Dubai Land Department registered over 43,000 real estate transactions worth a total of over USD 31.3 billion. The...
Read more -
01.11.20225640Laguna Properties, a luxury real estate agency, published a forecast for the Dubai real estate market in the last quarter of 2022. Experts see great promise in the emirate’s segment of luxury residences. Investors are attracted by the status of a safe haven, the past experience of resilience to external shocks, and the capability of mid-term and...
Read more -
31.10.20224449According to a report by Asteco (a consulting firm), 5,100 apartments were commissioned in the first half and 1,000, in the third quarter of 2022, primarily in Al Raha Beach, on Al Reem Island, and on Saadiyat Island. The real estate firm JLL reports that commissioning of 2,350 more apartments and 100 villas is expected in the remaining months of...
Read more -
31.10.20224662In July through September 2022, the situation in the real estate market was mostly stable. Data from the consulting firm Asteco shows that the rent grew only in a few top-tier elite residential projects. The rent on villas increased by 2% quarter-on-quarter and by 4% year-on-year. The rent on apartments rose by only 1% compared to both the...
Read more -
31.10.20224749Up to 1.2 million fans are coming to the FIFA World Cup in Qatar. The nearby Dubai is likely to benefit as well. For instance, many fans have already declared that they would be taking 45-minute flights from Dubai to matches in Qatar, while staying in this affluent emirate that boasts staggering skyscrapers and pristine clean beaches with extensive...
Read more -
31.10.20224799In the third quarter of 2022, the Dubai real estate market keeps ramping up, which boosts the demand for luxurious, high-end properties. The combined real estate sales over the above period reached AED 70 billion (USD 19 billion), which is a historical high for this sector. The growth was 18% compared to the second quarter of the current year and a...
Read more -
31.10.20225377According to data provided by Dubai Land Department, 2,217 real estate transactions worth 7 billion dirhams were completed in the week ending October 28, 2022. A total of 234 plots were sold for 2.26 billion dirhams, while 4.74 billion dirhams were spent on 1,983 apartments and villas. 97 properties totaling 2.25 billion dirhams...
Read more -
31.10.20226124Dubai-based Soho Realty announced on Thursday, October 27, 2022, that its first iconic residential complex will open on Sheikh Zayed Road. The 62-storey S Tower will have six levels of enclosed podiums in addition to 43 floors of luxury apartments. The S tower comes with intelligent features such as lighting, window curtains and other...
Read more