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03.03.20227179According to a new report by Knight Frank, published on Tuesday, prices for luxury housing in Dubai increased in 2021, outpacing the growth in the luxury real estate markets in the United States. Such an increase in prices was due to the «relentless demand» from wealthy buyers who are attracted by the good quality of life in the emirate,...
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03.03.20228167The construction of the 365-meter-high Ciel Tower in Dubai, which is to become the tallest freestanding hotel in the world, has reached an intermediate stage - 52 floors. The work on the megaproject at Dubai Marina is in full swing in order to meet the planned completion date in the fourth quarter of 2023, and the opening of the hotel in the first...
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03.03.20226642The Dubai real estate market registered 294 purchase and sale transactions worth 666.33 million dirhams and mortgage transactions worth 915.77 million dirhams on Monday, data released by Dubai Land Department (DLD) showed. Sales included 265 villas and apartments worth 556.45 million dirhams and 29 land plots worth 109.88 million dirhams,...
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01.03.20229389The after-effects of the pandemic have affected real estate market in Dubai and the UAE in general. The country’s economy has deteriorated significantly because of closed borders, fewer tourists and the population’s lower spending power. Almost the whole world has faced these issues but the Emirates government’s decisions have become a model for...
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28.02.20227068Dubai Land Department (DLD) has released the 1st edition of Dubai's first ever official Residential Rental Performance Index (RRPI). In January 2022, the total monthly index was 0.938, and the index price was AED 51.101. The monthly index of apartments was 0.943 and the index price was AED 46.994, while the monthly index of...
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28.02.20227687Saudi Arabia and the UAE continue to lead the real estate market in the Middle East region, relying on government initiatives and developing market dynamics. Real estate experts are largely optimistic about the prospects for future growth of the real estate sector, as both countries continue their main measures to diversify the economy...
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28.02.20226572Real estate prices in Dubai rose by 33.4% in January to an average of 1,575 dirhams per square meter, as the housing market remained stable amid a rapid economic recovery in the emirate. Luxury real estate prices increased by 35.1%, while the affordable and budget segments registered an increase of 37.2% and 15.7% year-on-year...
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25.02.202213355What is best to buy: an unfurnished or furnished apartment? This is a key question that investors and end-users ask themselves when looking for a home in the most tourist-friendly city in the UAE. Real estate market in Dubai offers various options so selecting a property can sometimes lead a potential buyer to a dead end. Who is best-suited to buy...
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24.02.20226924According to the latest data, the Dubai real estate market continued its growth in January 2022, as housing prices and rents have increased since the beginning of 2015. The residential real estate market recorded an increase in transaction volumes by 80.2% year-on-year last month, as off-plan real estate sales, as well as sales in the secondary...
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24.02.20227083Dubai has consolidated its position as one of the best cities for expats due to its high quality of life, safe environment, excellent infrastructure, successful pandemic strategy and the introduction of visa and labor reforms. The stable economy of the emirate, which is expected to grow to 4.5% in 2022, is one of the main reasons...
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