There is a significant housing boom in Dubai, where tens of thousands of new villas, townhouses, and apartments are expected to be finished and given to customers this year. Experts forecast that despite the massive influx of new apartments, demand from both domestic and foreign purchasers would drive up property prices for both ownership and rentals​ (D&B Dubai)​​ (Altitude Real...

The residential real estate industry is still growing. Record-breaking numbers of transactions were made in 2023, with sales and rental prices rising by 18% and 26%, respectively, year over year. This trend is anticipated to continue in 2024 and will be one of the real estate developments in Dubai​ (D&B Dubai)​​ (Altitude Real Estate)​. Read this also: Ras Al Khaimah has introduced Raha, a...

The residential market in the UAE has kicked off 2024 with notable vigor, signaling robust activity and absorption rates that are anticipated to sustain price appreciation in both Abu Dhabi and Dubai throughout the year. This insight comes from CBRE Middle East, a leading authority in commercial real estate services and investments. Read this also : Here’s a Sneak Peek at Dubai’s New Airport:...

The real estate market in Abu Dhabi has experienced significant growth in the first quarter of 2024, driven by strong interest from foreign investors and rising sales prices, especially in high-end neighborhoods. Data from Bayut, a leading UAE real estate portal, indicates an increase of up to 6% in luxury apartment and villa sales prices in sought-after areas. On Saadiyat...

Dubai landlords now have a new process in place if they wish to seek a rent re-evaluation, as announced by the Real Estate Regulatory Authority (RERA). Instead of relying solely on the most recent Rental Index update, landlords have the option to request a higher rental amount, but with a significant change in the procedure. Read this also : More tenants are turning into...

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...

In a bid to bolster Ajman's real estate sector and attract increased foreign investment, the Ajman Department of Economic Development has enlisted the expertise of JLL consultancy to devise a transformative strategy. With a rich history of operations in the UAE, JLL is poised to contribute significantly to the rejuvenation of Ajman's real estate landscape with innovative strategies tailored for sustainable...

The Ajman Department of Economic Development has taken a significant step towards revitalizing the emirate's real estate sector by enlisting the expertise of JLL consultancy. With a formidable track record in the UAE, JLL will spearhead the development of a comprehensive strategy aimed at propelling Ajman's real estate market into a new era of competitiveness and growth. Read More : The UAE Ranks as the...

If your rental contract is up for renewal, you may be wondering whether your landlord will raise your rent. In Dubai, tenants are notified of any rent increases in advance, by the emirate’s rental laws. The Dubai Land Department (DLD) also regulates the amount by which rent can be increased. How to check the amount of increase – Rera Rental Index If you are curious about potential rent increases,...

A recent report released on Wednesday reveals that prime residential real estate in the United Arab Emirates is poised to yield between 6.25% and 7%. According to CBRE Research’s 2024 Market Outlook for Middle East real estate, residential properties are projected to yield between 7% and 7.5%. Within the office sector, the anticipated yields for prime offices range from 6.5%...