Mortgage buyers received a boost in September with a 0.5% drop in interest rates, marking the first rate cut in over four years. In Dubai, property buyers are increasingly moving from cash purchases to mortgages as interest rates decline both locally and globally. Compared to last year, when cash buyers dominated the market, there has been a notable shift in buyer profiles, according to property...
The mansion is located on the waterfront of Jumeirah Bay Island Dubai's ultra-luxury real estate market has reached a new peak with the successful closure of the largest leasing deal in the city's history. This exclusive property on Jumeirah Bay Island was leased for an impressive Dh15.5 million annually. The deal was managed by Toni Abou Jaoude, sales and leasing manager at Prime by...
The Dubai real estate sector reported AED 15.46 billion ($4.2 billion) in transactions last week, according to data from the Land Department. Sales accounted for the majority, totaling AED 11.67 billion ($3.2 billion), as per the Land Department's figures. In total, there were 4,645 sales transactions recorded from October 7 to October 11. This week in Dubai real estate, the top sales transactions...
The study found that the expectation of rising property prices in Dubai is a major factor prompting tenants to buy homes as soon as possible. Developers in Dubai may see an increase in property demand soon, with 66 percent of tenant respondents in a market study indicating plans to purchase homes in the city within the next six months. Additionally, many investors are also looking to acquire more...
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