25 Degrees, a Dubai-based property developer, announced the sale of a renovated Garden Home villa on Palm Jumeirah for $17 million (AED 62 million), setting a new record. This 5,800-square-foot private beach villa, completed in January 2024, was sold in partnership with Sotheby’s International Realty, highlighting the increasing demand for high-end properties in Dubai’s luxury real estate...
July 2024
Dubai real estate market faces competition from Abu Dhabi, Ras Al Khaimah: Experts Residential property prices in Dubai’s off-plan segment are expected to rise by up to 15 percent in the second half of 2024, driven by increasing construction costs and ongoing demand from international investors, according to industry experts. Property prices in Abu Dhabi and Ras Al Khaimah (RAK) – emerging UAE...
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...
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...