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16.04.20245029The total value of luxury homes sold in the first quarter of 2024 amounted to $1.73 billion, which is 6% higher than in 2023 According to the latest analysis conducted by the global analytical service Knight Frank, Dubai saw 105 homes priced above $10 million sold in the first three months of the current year, representing a 19% increase compared...
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11.04.20244208In 2024, three new master-planned communities, large residential areas, will emerge in Dubai, adding numerous much-needed villas and townhouses to the market, creating new infrastructure for the city, and opening up new investment opportunities. Two communities have already been announced for this year. They are The Heights Country Club and Grand...
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09.04.20243385Analysts project continued growth in the UAE real estate market at least until Q3 2024, although forecasts become less certain beyond that point. There are indications of a global market cooling, evidenced by a decline in villa sales amid a chronic supply shortage in the emirate. In February, the year-over-year decline in sales was 55%. Despite...
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06.04.20243052In recent months, Dubai's residential real estate market has been increasingly favouring sellers. Already, thousands of people are planning to sell their assets, banking on the colossal price growth that has exceeded 200% since the beginning of 2020. Many industry insiders point out that the property price growth is showing signs of slowing down,...
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01.04.20243479In January 2024, Dubai’s real estate market demonstrated remarkable growth. Housing sales alone amounted to over $9.6 billion, marking a 27% increase compared to the previous year. The total number of transactions exceeded 11,000, up 17% year-on-year. In January 2023, the market recorded only 8,700 transactions. Below is an overview of the...
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28.03.20248685Indian nationals have overtaken Russians to become the largest nationality of property buyers in Dubai in 2023. Buyers and investors from the UK and Russia ranked second and third, respectively. Comparing the positions with how things were at the end of 2022, there is a gradual shift in the market. We see that the same groups of nationalities...
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24.03.20243921Paying rent in one lump sum is becoming a more popular method of payment with property owners in the Dubai market. About 33% of new rental agreements concluded in 2023 were paid with a one-time check. This refers to an approach where tenants pay the entire rental amount for the entire period of their lease or for a year in advance (if they plan to...
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23.03.20243365For the real estate market of the UAE, 2023 became another success in the long series of records set since the beginning of the COVID-19 pandemic. Year after year, the national real estate market, primarily housing, has been gaining leading positions on the global stage. By the beginning of 2024, Dubai has firmly established itself as one of the...
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19.03.20243064Land prices for residential construction in Dubai have increased by 60% over the past year. This is attributed to the growing construction activity amid unprecedented demand for housing in the emirate post-pandemic. In the most popular and developed areas, construction is happening at maximum capacity, leading to a shortage of available land. In...
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15.03.20242679In 2024, the new payment plan for property purchases becomes particularly popular. The "1% per month" approach has now penetrated even the villa segment. This payment option proves to be much more attractive compared to conventional offers involving payments of 10-20% every 3 months. The new plan allows acquiring property in Dubai by paying only 1%...
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