Navigating the ever-evolving real estate scene in Dubai requires landlords to remain well-versed in the latest rental updates. Understanding emerging trends and regulatory shifts is essential for maximizing returns. In this detailed guide, we'll examine essential elements of Dubai's rental market that landlords should be aware of. From the advantages of collaborating with property management firms to...
From Dubai Hills to Palm Jumeirah, significant rental price hikes were observed in villas and townhouses across prominent neighborhoods in Dubai during the initial quarter of 2024. A recent report from Espace Real Estate revealed that villas and townhouses in Dubai's Palm Jumeirah neighborhood witnessed a significant surge in rent prices, with a 63 percent increase compared to the same period in 2023....
The company disclosed that its total assets surpassed $1 billion in the year 2023. Emirates REIT, a Shariah-compliant real estate investment trust based in Dubai, announced its strongest-ever property income and significant asset growth for the fiscal year 2023, as per today's statement release. In 2023, the REIT's total property income surged by 10 percent year-on-year to $74 million, marking its...
In the first quarter of 2024, Dubai's real estate sector saw unprecedented activity, registering more than 34,000 transactions. This surge was fueled by strong demand despite limited supply, buoyed by a flourishing luxury market and increasing rental rates in various neighborhoods. In the first quarter of 2024, the Dubai real estate market experienced an unparalleled surge, surpassing previous records...
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