Report says developers are in a strong financial position leading up to the next cyclical downturn. S&P Global Ratings predicts that Dubai's residential property market will undergo a cooling phase in the next 12-18 months due to a surge in supply and global economic pressures impacting demand. Despite this, developers in the emirate have bolstered their cash reserves thanks to record pre-sales in...
For individuals intending to stay in Dubai for five years or longer, the financial advantages of buying instead of renting become evident when evaluating the overall return on investment. The choice between buying and renting depends on individual circumstances for potential buyers. Factors such as perceived security, long-term residency plans, job stability, and the desire to establish roots in Dubai...
Last month's most significant transaction involved the purchase of a villa worth AED 160 million on the seahorse-shaped man-made Jumeirah Bay Island. According to a report from Property Monitor on Tuesday, Dubai witnessed its highest ever property sales in February, with off-plan sales continuing to dominate the market. February saw a 2.6% increase in sales compared to the previous month, reaching a...
The real estate market in Dubai is undergoing a significant surge in housing, with tens of thousands of new villas, townhouses, and apartments scheduled for completion and delivery to buyers within the year. Experts anticipate that property prices for both rentals and ownership will persist in their upward trajectory despite the considerable influx of new units, owing to robust demand from both local...
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