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23.05.20226092In the first three months of 2022, buyers from the UAE and beyond purchased more than 30 properties worth $10 million in Dubai, paving the way for another record year in luxury housing sales. In 2021, the number of houses with a price of $10 million exceeded the cumulative figure of Dubai for 2015-20. Since the beginning of the year, sales...
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23.05.20226001The construction of the Masaar project in Sharjah is to begin immediately after the conclusion of two major contracts worth 460 million dirhams ($125 million). The project includes 4 000 villas and townhouses, as well as an area with 50 000 trees. It will occupy an area of 19 million square meters. There will also be an entertainment...
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23.05.20225924According to the consulting company Knight Frank, the «boom» in the luxury housing market in Dubai has led to an increase in prices by almost 60% over the past 12 months. This is due to the growing interest from international investors. Popular areas are Palm Jumeirah, Emirates Hills and Jumeirah Bay Island. In Palm Jumeirah,...
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23.05.20226221Real estate investors from the UK, Italy and France took first place in the list of TOP-10 foreign investors in Dubai, this is due to the dominance of the secondary market in Q1 2022. The resurgent real estate market of the emirate showed the best progress in the quarter since 2010, when a total of 20 539 purchase and sale transactions...
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20.05.20226434Over the past several years, the first-hand real estate was the market leader. More specifically, the two leading sectors were: Elite new buildings, mainly villas and other large properties; Off-plan projects, i.e. projects under construction, with low investment prices, flexible payment plans, and high returns on investment. In the vast...
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18.05.20226937Mo'asher residential real estate price index showed that the Dubai real estate market recorded 25,972 transactions for the purchase of real estate in the first quarter of 2022. This was the highest quarterly indicator in terms of the number of transactions in the emirate since 2010 and the highest indicator in terms of volume since the first...
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16.05.202212406The first quarter of 2022 was marked by an extremely rapid growth of Dubai real estate market, expressed, among other things, in such achievements as record transaction volumes since 2010 or the sale of the most expensive villa in the history of the city for 76.2 million dollars. Due to this growth, the preservation of the positive momentum of...
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13.05.20227334In the first quarter of 2022, the construction market in the United Arab Emirates showed a strong growth in business activity. However, an increase in the costs of building materials and in financial expenses has made the picture less encouraging. The information below is provided by the Royal Institution of Chartered Surveyors (RICS) and is based...
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11.05.20227448According to the latest information, banks in the United Arab Emirates have accumulated significant liquidity. In December 2021, it was known that the share of liquid assets was 38% of their total assets. A year earlier, in December 2020, this share was 36%. The state of the banking sector is especially important for the local real estate market,...
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11.05.202220176In the UAE, not every community allows you to have dogs or cats. If you are planning to adopt a pet or already have one and want to rent or buy a property in Dubai, this article is for you. Content: The best districts in Dubai to live with pets Dubai’s top-5 pet-friendly neighbourhoods Jumeirah Village Circle (JVC) Jumeirah Lake Towers...
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