November 25, 2024

Sheikh Hamdan highlights Dubai real estate market’s importance as transactions pass $170bn in 2024

Dubai’s real estate market has recorded over 188,000 transactions, exceeding AED 625bn ($170.2bn) in value this year, according to Dubai Land Department (DLD) data. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai’s Executive Council, reviewed the operations of the DLD. He also assessed progress toward the...

New mortgage fee, 60-day registration period for off-plan property in amended laws

Dubai's rise as a leading global property market is driving up prices, prompting increased interest in real estate investment trusts (REITs) and fractional ownership apps requiring payments as low as $136. While property ownership remains the simplest way to enter the market, 17 consecutive quarters of price increases have made this option less accessible. Emaar Properties PJSC has nearly quintupled...

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