July 27, 2024

The property market has stabilized, so developers are focusing on deliveries

Developers Focus on Deliveries as Dubai's Real Estate Market Stabilize Developers are increasingly prioritizing delivering completed properties over starting new projects as Dubai’s real estate market stabilizes, suggesting that supply has caught up with demand. This year, developers expect to finish 42,241 units, including 9,909 villas and townhouses, 991 commercial properties, and 31,341...

Dubai, Abu Dhabi see surge in office rents, occupancy rates

The UAE's office sector experienced strong performance in the second quarter of 2024, as noted in JLL's UAE Real Estate Market Overview report. This growth is attributed to a robust economy, diverse demand, and a focus by occupiers on quality and sustainable office spaces. The report also noted increases in available office space, rising rents, and declining vacancy rates in both Dubai and Abu...

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