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01.11.20222377The 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...
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01.11.20222358The 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...
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01.11.20222468Laguna 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...
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31.10.20221722According 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...
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31.10.20221765In 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...
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31.10.20222003Up 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...
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31.10.20221992In 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...
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31.10.20222368According 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...
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31.10.20222641Dubai-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...
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31.10.20222595To create the largest lagoon in Dubai and then build islands on it — Majid Al Futtaim applies this approach to the upscale Tilal Al Ghaf project in Dubai. Moving the «island» to land is nothing unusual for the developer of the upscale Tilal Al Ghaf project in Dubai. It plans to build an island called Lanai in the lagoon Lagoon Al Ghaf. This...
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