In 2023, luxury home sales in the Emirate achieved a record-breaking milestone, surpassing $7.6 billion, as reported by Knight Frank. Dubai maintained its robust growth in the real estate sector in 2023, surpassing London and New York to claim the title of the world's largest market for residences priced at $10 million or more, as per a recent report from global property...
The International Monetary Fund (IMF) has reported that the United Arab Emirates witnessed the fastest increase in property prices among all countries in 2023. As per the IMF, the UAE is among the top ten nations where real estate prices have risen the most since before the pandemic, with a 10.4% increase in 2023 and a 14.15% surge from the pre-pandemic level. The United Arab...
A total of 2,910 real estate and properties transactions amounting to Dhs10.1 billion were executed during the week ending Jan. 12, as reported by the Dubai Land Department (DLD). The DLD weekly statement indicated that 209 plots were purchased for Dhs2.19 billion, while 2,100 apartments and villas changed hands for Dhs4.84 billion. The top three transactions included the sale of a plot in Al Hebiah...
Sales of properties valued at over Dh5 million and Dh10 million reached a record high last year, with 10,296 and 3,806 transactions, respectively, marking a 54.5% and 68.4% increase, according to real estate consultancy CBRE. The report indicates that 67.2% and 70.8% of total transaction volumes for properties valued at Dh5 million or more and Dh10 million or more, respectively,...
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