February 2024

Citi Developers sells 70% of maiden Dubai project

A developer reveals an experience center located on Jumeirah Road. Citi Developers, in their inaugural project in Dubai, the Aveline Residences, a Dh300 million development situated in the heart of Jumeirah Village Circle, has already secured bookings for 70 percent of its apartments. Malik Taha, the managing director of Citi Developers, highlighted the strategic location and high population density...

Dubai real estate market expected to grow 5% in 2024, says expert

Various industries are anticipated to reap the benefits of the substantial economic growth in the UAE, with the real estate sector in Dubai prominently standing out. Dubai's real estate market is thriving, solidifying its status as an attractive destination for investors seeking both diversification and high returns. As per Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., recent data...

Dubai’s realty off to a flying start with record Dh35.4b sales

Off-plan demonstrated a surge in demand, registering a year-on-year increase of around 25%. In January 2024, Dubai's real estate market experienced a significant surge, achieving record-breaking sales amounting to Dh35.4 billion. This indicates a positive outlook for the sector in 2024, driven by sustained momentum from the previous year and an increasing demand for off-plan properties. Comparing to...

Cost of buying, selling $2mln property cheaper in Dubai than London, Mumbai, Paris

Despite a more moderate pace of expansion, Dubai is anticipated to secure the position as the second-fastest-growing market in 2024, following Sydney. In 2023, Dubai's prime residential property market experienced the swiftest growth globally, a trend expected to persist into 2024, surpassing the performance of most major cities once again. "Dubai has consistently led in capital value appreciation....

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