May 2024

Apartments drive property market growth in Q1 2024

Dubai witnessed a remarkable 19.3 percent increase in sales transactions compared to the first quarter of 2023, reaching a total of 33,346 transactions, as highlighted in the report. The beginning of 2024 saw a promising start for the Dubai real estate market, with significant growth observed in both sales and rental sectors, as indicated by the latest market snapshot report from Allsopp & Allsopp...

New airport plan to drive property demand, prices in Dubai South

Property prices are expected to experience a surge of up to 15% this year. This year, property prices in Dubai South and nearby regions are expected to surge by up to 15 percent due to the anticipated relocation of Dubai International airport, which is likely to stimulate demand. Industry leaders in real estate foresee a more rapid increase in prices upon the airport's completion, projecting a demand...

Dubai real estate transactions up 45% to $8.7bn, study reveals popular areas and off-plan investment boom

According to a report by Property Finder, the growth of Dubai's real estate sector continued to be significant in April. According to Property Finder, Dubai's real estate market remains robust, with sales transactions surging by over 45% last month. The platform's April 2024 market performance report provides key insights into the sector. Compared to April 2023, there was a notable year-on-year increase...

Dubai’s developers, property owners will quickly take on lessons from April 16 events

Tenants will actively search for communities that effectively managed the flooding situation. After the rains on April 16, various factors will interact in the Dubai property market, altering the landscape of residential property buying and renting. Dubai has demonstrated an impressive recovery from the recent storms that temporarily disrupted the city's operations a couple of weeks ago. However,...

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