The real estate boom in Dubai increases Emaar's net profit to Dh7.8 billion, up 33%. The home market continues to be the main driver of Emaar Group's success; in H1-2024, revenues rose by 17% to Dh14.4 billion, with a Dh7.8 billion net profit before taxes. That is a staggering 33% rise over the prior year. Emaar’s impressive performance highlights the robust health of Dubai’s real estate sector,...

Buyer preferences are clearly changing in Dubai's real estate market. Offplan Sales Keep Increasing in Dubai, but Ready Sales Are Declining. This pattern is indicative of more general shifts in consumer behavior, investment methods, and market dynamics. We'll look at the causes of these trends, their effects, and what they signify for investors and consumers in this blog article. 1. Recognizing the Boom...

After three consecutive years of substantial growth, Dubai’s Real Estate Market on a Hot Streak.  Dubai’s home prices have continued to rise in the first half of 2024. Knight Frank's July 8 report highlights a record of 431 homes priced above US$10 million sold in 2023 and an additional 190 sales in the first half of 2024. In the higher price bracket, homes above US$25 million saw a 25% increase,...

In the year 2023, the Dubai luxury real estate market witnessed a groundbreaking surge, shattering records across various fronts. The Como Residences on Palm Jumeirah, for instance, set a remarkable record with its penthouse achieving an astonishing Dh24,000 per square foot, selling for an impressive Dh500 million. Ultra-premium apartment sales further highlighted the pinnacle of the luxury market, with...