February 2024

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)...

Dubai’s end-user buyers should not wait on their home purchases – certainly not now

As Dubai emerged from the pandemic and prices began to rise, many buyers found themselves in an advantageous position. Cash buyers could secure a brand new property at a relatively low cost, and mortgage buyers had convenient access to finance with favorable mortgage rates. Despite the abundant investment potential, a notable increase was observed in the number of end-users acquiring properties that...

Emaar Address Residences Zabeel sells out in a week: Sources

Address Residences Zabeel comprises four iconic towers in Dubai's financial district, offering 1- to 3-bedroom apartments and penthouses, with prices starting at AED 1.8 million. Apartments at Emaar Address Residences Zabeel experienced a remarkable sell-out within a week, according to sources familiar with the situation as reported by Arabian Business. Consisting of 1- to 3-bedroom apartments and...

AED 50,000 fine imposed on 30 property firms each for violating advertisement rules

Repeatedly, Dubai authorities have emphasized to property firms the importance of adhering strictly to advertising rules to guarantee transparency. 30 real estate companies in Dubai have each been fined Dh50,000 by the regulatory authority for non-compliance with the terms and conditions outlined for real estate advertisements. The Dubai Land Department's regulatory arm, the Real Estate Regulatory...

Compare listings

Compare