February 11, 2024

Can high rents push more Dubai residents to turn end-user property buyers?

The trajectory of rental prices plays a crucial role in determining the prospective demand for Dubai's property market. Research suggests a growing disparity between new and existing rental lease agreements in Dubai, often resulting in a notable contrast between occupied units and those vacant or marked with a 'vacancy notice.' The implementation of rent stabilization regulations has effectively...

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Dubai real estate sector sees $2.7bn of transactions this week, including $38m apartment in Island 2

This week, the real estate sector in Dubai has witnessed over 3,500 transactions. This week, the Dubai Land Department reported AED9.8 billion ($2.7 billion) in transactions in the real estate sector. From February 3 to February 9, a total of 3,543 transactions took place. A sum of AED1.61 billion ($438 million) was generated from the sale of 197 plots, while AED5.68 billion ($1.547 billion)...

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