February 2024

Rent to remain ‘unchanged’ for villas but apartments to see price hike, expert says

In Q4 2023, Dubai's real estate market experienced unprecedented rental rates and robust expansion, marked by a decade-high average in villa rents and a sustained upward trajectory in apartment prices. According to Haider Tuaima, Director and Head of Real Estate Research at Valustrat, the villa rental market in Dubai is anticipated to maintain a relatively stable condition in the first quarter of 2024,...

Is your landlord illegally increasing your rent? Here’s how to find out

Dubai inhabitants can precisely determine permissible rent increments in accordance with RERA guidelines and contest unjustified raises – all the information you require. Residential property rents in Dubai have experienced a substantial increase in the past year, and certain estimates indicate that lease values have surged by nearly 20 percent throughout the emirate. Assessing rental renewals in...

Dubai real estate powers through January 2024 with Dhs35bn in sales

In January, Dubai's real estate sector sustained its positive performance in the new year, witnessing a 25 percent year-on-year increase in off-plan sales. Dubai's real estate market appears poised to maintain its growth trajectory into 2024, as indicated by Property Finder's recent report examining transactions in the emirate for the month of January. In its latest findings, the property portal...

Emaar planning a ‘female’ version of Burj Khalifa in Dubai Creek Harbour

Mohamed Alabbar stated that Noon experiences an annual growth rate of 30% to 40%. Emaar Properties' founder, Mohamed Alabbar, has announced that the tower under construction at Dubai Creek Harbour will have a more refined and smaller design than initially planned. At the Sharjah Entrepreneurship Festival, he also mentioned that although there are no immediate plans to publicly list ecommerce giant Noon,...

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