May 8, 2024

Over 8,000 new units hit the market in Q1, experts silence ‘oversupply concerns’

Between Q2 and Q4, an anticipated additional 29,690 units are slated for handover, elevating the annual projection to almost 38,000 units. A new report disclosed that over 8,000 fresh properties were introduced to the Dubai real estate market in the initial quarter of 2024. During the first quarter of 2024, Cushman & Wakefield Core's Q1 market report for Dubai noted the delivery of over 8,351...

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Dubai’s luxury property market shows no signs of slowing

Adding to its appeal, it remains one of the most affordable luxury markets globally. The recent transaction facilitated by Sotheby’s International Realty underscores the enduring momentum in Dubai’s prime luxury real estate market. Located in the lively heart of Jumeirah, Umm Al Sheif, a six-bedroom villa was successfully sold for Dh80 million ($20 million), representing a noteworthy achievement for...

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