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24.04.20226156According to data published by Dubai Land Department, a total of 2,135 real estate transactions were made in the week ending April 1, 2022. The total amount of transactions amounted to $8.2 billion. 1.45 billion dirhams were spent on 247 land plots and 3.09 billion was spent on the purchase of 1,423 apartments and villas. A land...
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24.04.20226095According to EMEA's 2022 report, Dubai's real estate market has proven remarkably resilient during the pandemic, and more than 84% of real estate professionals expect competition in the Dubai real estate market to grow in the future. More than two-thirds (68%) of respondents in Dubai indicated that they saw growth in 2021 and expect it to...
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24.04.20225880As the value of real estate in Dubai is growing, those sellers who have ready-made luxury homes are postponing their sale, as they will be able to sell their properties more expensive in the coming months. Sales of homes worth more than 100 million dirhams are also on the way to new highs. Due to rising prices, Dubai's real estate sector...
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24.04.20226938Dubai is preparing for District 2020, which will be formed inside and around Expo-2020. At the moment, attention will be focused on repurposing the entire exhibition area. The first step will be to compile a detailed inventory of the property that needs to be removed from the pavilions after the dismantling works. Contractors and...
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24.04.20226161Luxury real estate in Dubai remains more affordable than in other cities around the world. The current gap in supply and demand for luxury real estate in Dubai will contribute to further price increases, combined with the growing attractiveness of the emirate for wealthy investors. Ultramodern villa projects have been launched in Dubai amid...
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21.04.20227060The special operation in Ukraine caused an active reaction in many countries around the world. It is expressed in the introduction of various restrictions on Russian citizens. The real estate market is no exception. The United Arab Emirates has not joined the sanctions suggested by Europe and the United States, which allows Russians to buy housing...
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19.04.20227004Mashreq, one of the oldest private banks in the UAE, said in early April that Dubai luxury real estate market is facing a serious shortage of properties for sale. Due to the record demand for elite and premium residential real estate in the Arab Emirates in 2021 (especially for villas in Dubai), such a development of the situation was expected....
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10.04.20226817The search for a buyer for a 34-storey hotel complex in the Marina 101 skyscraper in the Dubai Marina district has finally moved forward. The application will most likely be submitted by a group of investors. According to undisclosed sources about the transaction, its amount will be about 129 million dirhams. The hotel has been up for...
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10.04.20227451Since the beginning of 2022, 12,119 purchase and sale transactions have been made in Dubai. The volume of transactions increased by 17.7% compared to 2017. The Dubai real estate market registered a record 6,346 transactions in February 2022, which is 43.5% more than in any other February in the entire history of observations. Sales in...
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28.03.20229446The Return on investments (ROI) rating of Dubai real estate showed significant changes over the past 6 months. The emirate has already recovered from the pandemic and continues to grow. The growth of the consumer base, investors and business activity is recorded in the region. This has led to some notable changes in the market and opened up new...
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