May 2024

Prices to soar in 2025, flooding to have ‘minimal impact’ on market

The emirate possesses enough strength to overcome economic challenges due to surging demand expected to surpass supply, along with government incentives and a state-of-the-art infrastructure. Dubai’s real estate market maintains its lead over global hubs like New York, London, and Hong Kong, showing no signs of slowing down. Experts predict that property prices and rents in the emirate will keep...

Dubai’s residential real estate market witnesses record-breaking growth in Q1 2024

Transaction volumes surged by a notable 35% quarter-on-quarter, soaring to a record-breaking 35,100 units. In Q1, 63% of transactions involved properties under construction. There was a remarkable 73% increase in off-plan sales compared to the previous quarter. The market was predominantly driven by apartment sales, which accounted for 83% of all transactions. Rental rates across Dubai...

Aldar launches Athlon, its second residential project in Dubai

Adjacent to Global Village, Athlon will feature 1,492 residential units with three to six bedrooms, designed around the concept of active living. Sales will commence on May 7th. Aldar Group, based in Abu Dhabi, has revealed Athlon, its second residential development in Dubai, created in collaboration with Dubai Holding. The name draws inspiration from the Greek term meaning 'place of contest,' and Aldar...

Dubai real estate buyer’s guide: All costs, extra fees for new homeonwers revealed

As investor interest in the Dubai real estate market remains strong, here's a comprehensive guide to the additional costs and fees involved in purchasing a property in the city. In Dubai's bustling property market, as sales transactions surge across the city's properties, investors are encountering additional costs and fees when purchasing a home. According to the Dubai Land Department (DLD) official...

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