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09.07.20235469In the first six months of 2023, the Dubai real estate market set an absolute record in comparison with similar periods of previous years. According to preliminary data, 61,000 transactions were made totaling AED 179.34 billion ($48.83 billion). The record was achieved largely due to the outstanding performance of March, May and June 2023...
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09.07.20233818June 2023 was a record year for Dubai in terms of real estate transactions, despite the Islamic holiday of Eid al-Adha. In June, 10,405 real estate transactions totaling AED 30.3 billion ($8.25 billion) were registered in the emirate. This is the best June figure in history. Prior to that, June 2009 was considered a record with a total...
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05.07.20234938Experts are confident that the Dubai real estate market is not threatened by a sudden collapse or a slowdown. On the contrary, the market will develop for a long time. Positive reasons include the emirate’s rapid population growth, low taxes, and low property prices, which are still far from London, Paris or Hong Kong. Content: Prices and...
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03.07.20235000Dubai expects rapid development of the protech segment of the real estate market, experts say. New digital solutions will make it possible to manage real estate investments more efficiently and open previously inaccessible opportunities for buyers and investors. By June 2023, Dubai has become home to 55% of all pro tech startups in the...
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03.07.20234543In Abu Dhabi, sales have begun in The Source II residential complex. This is the second stage of The Source project, an expensive residential complex on Saadiyat Island. There will be 148 apartments in the residential complex. Within walking distance of the residents will be the Soul Beach Beach Pavilion (South Beach), the TeamLab...
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03.07.20236357The Floating Seahorse project is due to be completed in Dubai by the end of 2023. These are “floating villas” with underwater floors. In total, the project includes 131 three-storey villas. In each villa, one floor is under water. The area of each villa is about 372 m2, on which there are, among other things, two bedrooms and three...
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03.07.20234478Sales of the third stage in a large residential area of South Bay have started in Dubai. The project belongs to luxury real estate in the center of Dubai, has an artificial lagoon and a coastal zone 3 km long. The new stage is called South Bay Phase 3. It includes more than 200 objects. Among them there are semi-detached villas with four...
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03.07.20235411A new luxury residential complex in the coastal zone will be built in Ras Al Khaimah. As a location, the developers chose Mina Al Arab, a resort agglomeration and the most expensive area of the emirate in terms of real estate prices. A residential complex will be built on Hayat Island. The project, which has not yet been named, will be...
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03.07.20235047Dubai came out on top in terms of the number of branded residential complexes among cities in Europe, the Middle East and Africa. London is in the second place of the rating with a strong lag. Notable projects include Bugatti residences, also known as Sky Mansions. This is a residential complex, a penthouse in which costs AED 750 million...
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03.07.20233787Experts estimate that in May 2023, real estate transactions worth AED 2.4 billion ($653.4 million) were made in Sharjah. A total of 3,540 transactions took place in all cities and districts of the emirate. Such data was collected by Sharjah Real Estate Registration Department (SRERD). According to the department's report, the real...
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