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03.05.20233836According to forecasts of the international consulting company Knight Frank, the Dubai luxury housing market in 2023 will record the highest growth rates among all elite markets in the world – up to 13.5%. Much of this is due to the imbalance of supply and demand and positive economic growth. The main demand is fueled by Dubai's status as a safe...
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02.05.202319326From April 24, 2023, buyers of Dubai real estate will be able to easily check the legitimacy and relevance of ads for the sale of residential properties by simply scanning a QR code. The Dubai Land Department (DLD), through the Real Estate Regulatory Agency (RERA), has issued a circular confirming the launch of a new intellectual service called...
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02.05.20234656Dubai-based developer Samana Developers said that buyers from EU countries took more part in the company's latest project than customers from Russia, China, Indians and other foreigners who were leaders among foreign buyers of real estate in the emirate market in the past. According to other developers, this new trend is noticeable throughout the...
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26.04.20239069Home sales in two key UAE emirates, Dubai and Abu Dhabi, rose sharply in the first quarter of this year. According to experts, this growth is caused by immigration reforms and a decrease in the cost of buying real estate to obtain a "golden visa" in the country. The value of transactions reached its new high — AED 528 billion (an increase of 77%...
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24.04.20236151Sharjah's landmark initiative to grant the right to freehold real estate, launched a few months ago, caused a real estate boom, as a result of which the value of real estate transactions in the emirate increased in tandem with a surge in demand. According to official data, in March 2023, 3,386 transactions worth 1.7 billion AED were...
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24.04.20234524Dubai-based developer DAMAC Properties has launched the construction of the second building in the Canal Heights project - a 45-storey tower designed for luxury living by the sea in the prestigious central Dubai Business Bay area. The project appeared shortly after the successful launch of the first branded Canal Heights tower in the developer's...
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24.04.20234842As developers in Dubai increase the number of new off-plan projects to meet the still growing demand from overseas buyers, they are increasingly resorting to the help of some well-known names and brands. At first it was Fairmont, St. Regis or One&Only. Then such legendary names as Pagani, Bugatti, Aston Martin, Elie Saab and Cavalli were added...
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24.04.20233086The average price of ultra-luxury homes in Dubai increased by more than 27% in Q1 2023 compared to the previous quarter, as demand for luxury real estate in the emirate continued to grow amid a broader economic recovery. The average price of luxury real estate in the emirate increased to 25.2 million AED ($6.86 million), and the total volume of...
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24.04.20233559The demand for two-bedroom apartments among investors and end users in Dubai today is higher than for one-bedroom apartments. As noted in the latest market reviews, in March 2023, 34% of apartment buyers were looking for 2-bedroom apartments. Apartments with 1 bedroom were chosen by 32% of buyers. According to data for March, 59.7% of...
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24.04.202335642022 was a record year for Dubai International Airport: the number of passengers passing through it increased by an incredible 127% compared to 2021 and amounted to 66 million people. In Q4 2022, 19.7 million travelers passed through the airport, which is 67% more than in the last quarter of 2021. In 2022, Dubai also faced an increase in travel...
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