The UAE's shining jewel, Dubai, is frequently associated with extravagance and luxury. Famous buildings dot the city's skyline, and high-net-worth individuals and investors from all over the world have long been drawn to its real estate market. But as Dubai's economy expands and becomes more diverse, it is becoming more and more clear that affordable housing is needed. The market is changing in 2024, with...

The real estate market in Dubai is expected to have a notable upswing as it makes its way through the post-pandemic environment. Dubai's real estate market is demonstrating resiliency and adaptation in the face of fresh opportunities and difficulties as the world economy gradually improves. Market Dynamics at the Moment The Dubai real estate market has shown incredible resiliency in the wake of the...

A May ValuStrat Price Index (VPI) analysis of Dubai property values revealed that strong demand lessened the effects of flooding brought on by April's record rainfall. Analysts at ValuStrat found that while apartment valuations grew quicker than in April, villa capital values grew at similar monthly rates. The VPI increased by 2.1% monthly and by 27.2% annually in May, hitting 174.4 points. Against a...

The Sharjah Investment and Development Authority (Shurooq) has announced the soft launch of the first phase of the “Najd Al Meqsar” project. The Sharjah Collection manages this project, which is a premier luxury hospitality and heritage tourism destination in Khorfakkan, located in the eastern region of the Emirate of Sharjah. Read this also: Dubai Hills Estate presents Soho’s hospitality-inspired...

The Berkeley, the first completely furnished home with a hospitality theme within the Dubai Hills Estate development, has been unveiled by Soho Development, a residential real estate developer with headquarters in the United Arab Emirates. The Berkeley offers distinctive parkfront living in one of the most sought-after neighborhoods. Read this also: “We want to be opportunistic with new...

According to data released on Thursday, the volume and value of transactions in Dubai's real estate sector reached record highs last month. Property Finder's market performance highlights for May show that there were 17,713 registered transactions in total, which is a 53% increase over May 2023. To Dh46.5 billion, the total value of these deals rose by 38%. Read this also: Dubai South Properties’...

Within four hours of going on sale, the last phase of South Bay, a unique development in the center of Dubai South's Residential District, was successfully sold, according to Dubai South Properties. Read this also: In Makkah, work on ten upscale residential complexes has started. The company's strategic approach to project launch and the strong sales of all previously announced units over several...

Work on 10 five-story residential structures has started as part of The Kidana Al Wadi project, which is strategically positioned for accommodations in Mina and will span a 33,000-square-meter area near the Jamarat facility, according to the Royal Commission for Makkah City. Read this also: April saw a 28% increase in Qatari real estate sales. The project, which is being constructed in conjunction...

Since more houses were sold in April of this year, Qatar's real estate market has flourished. There were 201 properties sold nationwide in April 2024, up 28% from the same month the year before. Read this also: With $796.8 million, global private money is aiming for the real estate markets in Abu Dhabi and RAK. Al Rayyan had 49 properties as of April 2024, up 11% over the previous year. Al Wakra had...

A survey claims that high-net-worth people (HNWIs) from all over the world are prepared to spend $408.3 million in Abu Dhabi and an extra $388.5 million in Ras Al Khaimah on residential real estate. Read this also: Arabian Hills Real Estate unveils a $5.9 billion project. As to the second annual Destination Dubai research by global property consultancy Knight Frank, HNWIs are showing a moderate...