Dubai Land Department (DLD)

More tenants are turning into owners in UAE, increasing the demand for ready properties

More tenants are turning into owners in UAE, increasing the demand for ready properties

In the first quarter of 2024, the demand for ready properties surged in the United Arab Emirates, driven by an increasing number of tenants opting for ownership over rising rentals. Unlike the first quarter of 2023, which witnessed a surge in off-plan transactions, the first quarter of 2024 saw robust demand for existing projects in both Dubai and Abu Dhabi, according to data released by Property...

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