The third quarter of 2024 saw a decline in the number of luxury property listings in Dubai, as demand continued to exceed supply. In Q3 2024, there were 400 deals recorded in the city’s prime areas, a decrease from 489 in Q3 2023. This trend indicates a drop in the number of homes available for sale throughout the city. Listings in four key luxury areas fell by 52% in Q3 2024 compared to the same...
The UAE real estate market is projected to reach AED 2.5 trillion ($681 billion) by the end of 2024, as reported by QUBE Development. This significant growth is attributed to multiple factors, with the off-plan sector being the primary driver, accounting for 65% of total sales transactions in August 2024. This marks a 54% increase in volume compared to the same period last year. ###...
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