The Dubai real estate sector recorded AED13.58bn ($3.7bn) in transactions last week, according to Land Department data. Sales accounted for AED10.42bn ($2.8bn), with a total of 3,894 sales transactions registered between December 9 and December 13. Dubai real estate highlights this week: Among the most expensive sales listed on the Land Department website were: An apartment in Dorchester...
REITs are a strategic hedge against equity market volatility, often performing differently during downturns. Dubai’s booming property market highlights Real Estate Investment Trusts (REITs) as an accessible investment option, offering small and first-time investors entry into real estate. Experts recommend REITs for their low capital requirements and ability to generate passive income. “One...
Dubai Land Department introduces new rule for property sale ads Did you recently close a property deal in Dubai? Brokers must now meet a new requirement before announcing it. Dubai’s property brokers are no longer permitted to immediately post ‘Just Sold’ ads after completing a deal. As per the latest directive from Dubai Land Department (DLD), these ads can only be published after the property...
Demand for houses in Dubai continues to rise, pushing market prices higher, with a rapid increase in the number of properties valued at over $1 million, according to a new report. House prices in Dubai are now 19.9 per cent higher than they were a year ago and are projected to grow by another 8 per cent next year, according to Knight Frank's Dubai Residential Market Review report released on...
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