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...

In April, the Sharjah Real Estate Registration Department reported a total of 1,632 real estate transactions, amounting to Dh1.7 billion. This data signifies a growing confidence in Sharjah's real estate market and underscores the emirate's appeal as a global investment destination. Read this also : Surge in Indian Luxury Home Sales Indicates Shifting Market Trends Among the recorded transactions,...

Dubai South Properties has awarded a lucrative contract worth AED 1.50 billion to Al Kharafi Construction Company for the construction of the third, fourth, and fifth stages of the South Bay project. The fourth phase of the project, spearheaded by Al Kharafi Construction, is already underway and slated for completion in the first quarter of 2027. This phase will comprise 138 units, including five...

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%...

In a recent update from Dubai's Land Department (DLD), the real estate sector showcased robust activity on January 16, witnessing a total of 525 sales transactions valued at AED 1.54 billion. The day also saw 127 mortgage deals amounting to AED 226.51 million and 19 gift deals totaling AED 89.9 million. Reas this also : Surge in Demand: Dubai’s $10 Million Plus Homes Market...

In November 2023, the Sharjah Real Estate Registration Department's monthly report revealed a robust real estate market, with transactions totaling AED 2.6 billion. The trading activity included a significant exchange of 10.6 million square feet, comprising 4,079 transactions. The report underscores Sharjah's appeal as a prime destination for both local and international...

In the ever-vibrant Dubai real estate market, the week ending October 20, 2023, brought with it a flurry of activity. The Dubai Land Department (DLD) reported a staggering total of 1,524 property transactions, collectively valued at AED 8.2 billion. This not only underscores the resilience of the market but also indicates a robust appetite for property investment in the Emirate. Diverse Transactions...

The Dubai off-plan real estate market is experiencing a significant surge in demand, making it an attractive prospect for both investors and end-users, according to property industry experts. This flourishing off-plan market indicates a favorable environment for real estate investment within the emirate. In recent times, there has been a noteworthy increase in foreign and local property buyers, with...

Introduction: The gleaming skyline of Dubai is a testament to its ambition and innovation. The city's real estate landscape mirrors its dynamic spirit, offering a tapestry of iconic skyscrapers, luxurious residences, and cutting-edge developments. In this comprehensive blog post, we'll embark on a journey through the Dubai real estate market, uncovering its current state, recent trends, burgeoning...