April 2024

UAE Retains 10-15 Percent Quota in Dubai Properties

The real estate market in Dubai is renowned for its innovation and opportunities. The recent declaration that the UAE will maintain a 10-15 percent quota in Dubai properties further emphasizes this reputation. The introduction of new projects by prominent developers brings additional anticipation to the market. In this piece, we will examine the consequences of this quota retention, emphasizing its...

DAMAC Properties assesses damage to assure residents of insurance coverage

DAMAC Properties assured that its communities in Dubai did not sustain significant damage despite the heavy rainfall. DAMAC Properties in Dubai is promptly implementing measures to safeguard residences and communities against damage in the wake of recent rainstorms in the UAE. After the recent severe weather in Dubai, DAMAC Properties conveyed appreciation to its communities, staff members, and...

sales prices up 44%, rents up 64% as secondary sales market steadies

A Dubai real estate company has pinpointed the regions experiencing the most significant increases in both sales and rental rates. Residential real estate values in Dubai have surged by 26% this year, as per analysis conducted by Espace Real Estate. Espace Real Estate's Q1 market overview report, which examines sales and rental activity across Dubai's villa, townhouse, and apartment market in the...

Rate of capital growth for apartments is nearing that of villas

According to a ValuStrat study, the apartment in Dubai's Discovery Gardens experienced the highest annual capital growth at 32.6%, with The Greens following closely behind at 29.8%. A report on Dubai residential capital values, published by the international consulting firm ValuStrat, indicates that the rate of capital growth in the apartment market is gradually catching up with that of villas. This...

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