July 20, 2024

New residents beat rising rents by buying properties within 2 years of arrival

New Dubai residents are quickly transitioning from renting to owning properties to avoid rising rents in the emirate. This shift is driven by their plans to stay longer, which helps absorb the incoming market supply. Dubai's population growth continues to drive rental transactions, especially in new developments, where a substantial portion of newly completed projects is taken up by the rental...

Dubai property projects sold ‘in minutes’; nearly 90% of sales come from first-time buyers

Property projects from Tier 1 developers in Dubai are selling out in minutes, if not hours, due to continued strong demand in the emirate, industry sources report. To capitalize on this robust real estate demand from both residents and international investors, developers are frequently launching new projects. Developers of all sizes are vying for the attention of real estate agents and buyers, who...

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