February 2024

Property in Dubai is turning sellers’ market as investors take advantage of the three-year price increase

Dubai's real estate landscape is gradually transforming into a seller's market, allowing investors to capitalize on the gains achieved over the past three years of surging property prices. Experts suggest that the recent upswing in real estate values is showing signs of slowing down, prompting some investors to consider selling their properties and redirecting their funds towards emerging markets with...

UAE developer Nakheel unveils, Bay Villas, waterfront project on Dubai Islands

The development along the waterfront will include homes, townhouses, and villas. Nakheel, a real estate developer based in the UAE, has introduced the Bay Villas real estate project on Dubai Islands B. This waterfront development includes residences, townhouses, and villas. Within this gated community, residents will enjoy amenities such as beach access, a central park, as well as community...

Dubai’s Union Properties sells Dh500m in land disposal, and has offers for another Dh1 billion

Union Properties is divesting non-core land assets and is receiving significant financial backing. The Dubai developer has achieved a 'significant milestone' in its turnaround strategy by selling assets exceeding Dh500 million. The statement emphasized, "This accomplishment underscores Union Properties' strategic vision, strong market positioning, and dedication to optimizing shareholder...

DLD marks strongest performance ever with 1.6 million transactions, 166,000 real estate deals worth AED634 billion in 2023

On February 7, 2024, the Dubai Land Department (DLD) reported an unprecedented achievement, with a record-breaking 1.6 million transactions encompassing various real estate activities in 2023. This signifies an impressive growth of 16.9 percent compared to the 1.368 million transactions recorded in 2022. Marwan bin Ghalita, Acting Director General of the DLD, underscored the department's renewed...

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