May 2024

Aldar Properties sells out $1.1bn of Dubai homes at Athlon development in just 48 hours, expats and overseas buyers lead charge

The Athlon development in Dubai, sold out by Aldar Properties, achieved complete sales within a mere 48 hours. Within a mere 48 hours of its launch, Aldar Properties successfully sold out all homes in the first two phases of its "Athlon" development, resulting in a remarkable AED4.1bn ($1.1bn) in sales. This achievement marks the rapid uptake of the community, which stands as Aldar's second project in...

Dubai residents stop renting, start buying as mortgage payments start to ‘match’ rental costs: Experts

According to experts, the surge in Dubai's real estate market leading to increased rents is motivating residents to either downsize, move to more budget-friendly neighborhoods, or invest in property. Rent hikes in Dubai are driving residents towards property ownership, as monthly rent payments align with mortgage costs, according to experts interviewed by Arabian Business. Real estate agencies note a...

Is it still profitable to invest? experts weigh in

As property prices hit a record high, specialists unveil the investment prospects that promise the highest profitability. Dubai's real estate market is flourishing, drawing interest from both local and international investors seeking lucrative property investments. Despite the escalating demand for Dubai property and the consequent rise in prices, navigating the city's dynamic real estate market is...

Dubai South properties gain interest from buyers amid plans for a massive new airport

Real estate investors are increasingly turning their attention to neighborhoods in specific areas of Jebel Ali and nearby developments following the relocation of airport operations to Al Maktoum International. PropertyFinder, in a report released on Wednesday, highlighted Dubai South and other areas like Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, and Al Furjan as the "new areas of focus" for...

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