July 2024

Jebel Ali Beach to be the longest public beach in Dubai

It’ll be the first project of its kind in the UAE. Jebel Ali Beach is set to become Dubai's longest public open beach. Plans for the Jebel Ali Beach development project have been approved, encompassing a 6.6-kilometre stretch. The beach will feature swimming and diving facilities, walkways with viewing platforms, children's play zones, and a mangrove ecosystem. Additionally, the newly revealed...

Over 80% of property units launched since 2022 sold out

More than 80% of newly launched property units in Dubai since 2022 have been sold, underscoring sustained high demand in the emirate. Dubai has witnessed the launch of numerous projects worth hundreds of millions since 2022. According to Dubai Land Department data, approximately 214 projects have been launched, with 148 currently active. “Despite concerns over the impact of new launches on prices,...

What happened to rent-to-own properties? Experts weigh in

Here's everything you need to know about the current rent-to-own property segment in Dubai's thriving real estate market. In Dubai's rapidly evolving real estate market, the rent-to-own (RTO) model, once favored as an accessible route to home ownership, is being reevaluated amid significant market transformations, according to industry experts. "The rent-to-own property market in Dubai is currently...

Property sales volume surges 30% due to strong demand

In May, sales transactions reached a record high, with volumes increasing by 47.7 percent compared to the previous month and 45.9 percent compared to the same month last year in Dubai. Sales volumes in Dubai's property sector have risen consistently in the first half of 2023, as reported by leading real estate agency haus & haus. Figures from Property Monitor, a property data tracking service,...

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