The ready property market in Dubai is experiencing a supply shortage as more end-users move to the city due to rising rental costs. Although the off-plan segment is leading the current property market rally, demand for ready properties remains strong. Well-priced ready units are selling within a month of listing. Driven by demand from high-net-worth individuals and residents, the supply of ready...
Villa prices in ten Dubai communities have more than doubled over the past four years, fueled by strong demand from residents and high-net-worth individuals relocating to Dubai. Data from global real estate consultancy ValuStrat reveals that Arabian Ranches, Dubai Hills Estate, Emirates Hills, Green Community West, Jumeirah Islands, Jumeirah Park, Palm Jumeirah, The Lakes, The Meadows, and Victory...
Hitches & Glitches (H&G), a UAE-based home maintenance company, has reported a substantial rise in demand for its services within Dubai’s luxury residential sector. As part of the Farnek Group, H&G has secured contracts in high-end areas such as Emirates Hills, Palm Jumeirah, and Dubai Hills Estate. A notable project includes a villa in Jumeirah Bay Island with a built-up area of 7,200...
Dubai’s off-plan property sector has experienced a substantial rise in transactions, making up 60 percent of total property deals in July 2024, compared to 49 percent in July 2023. This growth aligns with the city welcoming 9 million visitors in the first half of 2024, underscoring its attractiveness to both investors and tourists. Industry experts are providing guidance to first-time buyers...
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