December 2024

Dubai real estate set for strategic growth through 2025, say experts

Dubai’s real estate growth next year will be driven by government reforms, foreign investments, and an expanding economy beyond oil, experts noted. Dubai's real estate sector is expected to move beyond record-breaking transactions and luxury projects in 2025, with a shift towards strategic and intelligent growth, industry experts highlighted. Emerging hubs like Dubai South and areas linked to key...

What next for Dubai property market after 2024’s new highs?

At ground level, new trends are shaping up that investors must take into account. In Dubai's property market, developers are rolling out new launches at an astonishing pace, averaging one every 15 hours. The question remains: can this momentum be maintained? This year has been transformative for real estate, marked by the return of zero down payments on Dubai off-plan purchases and an influx of new...

Affordable residences under Dh1 million among top-selling properties

Affordable properties are increasingly dominating Dubai’s real estate market as more people choose the emirate as their home, according to recent data released on Tuesday. Engel & Völkers Middle East, a leader in premium residential and commercial real estate services, reported that properties priced under Dh1 million accounted for 32.2% of sales, up from 26.7% in October. Studios and one-bedroom...

Dubai’s off-plan property rules: Can buyers get refund if project gets ‘cancelled’?

Off-plan properties have long been considered a profitable investment opportunity, especially in a dynamic market like Dubai. With more affordable prices and flexible payment plans, investors can secure properties at a lower cost than completed developments, offering the potential for substantial returns. However, there may be significant delays or, in rare cases, cancellations. To address these issues...

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