The Dubai real estate sector registered $1.7bn in transactions during a shorter week due to the Eid Al Etihad holidays. The Land Department reported AED6.28bn ($1.7bn) worth of transactions last week. Sales accounted for AED4.89bn ($1.3bn), according to Land Department data. A total of 1,922 sales transactions were recorded between December 2 and December 9. Dubai Real Estate This Week The...
A drop in sales of ready properties in Dubai has been balanced by significant growth in the off-plan property market. Dubai's Real Estate Boom Dubai's real estate sector recorded 14,479 transactions in November, marking a 19 per cent increase compared to November 2023, according to Property Finder data. The value of these transactions rose by 1.6 per cent, reaching AED43bn ($11.7bn). Trends...
Dubai property transactions grew by nearly 19 percent last month compared to November 2023. Cranes stand at a construction site in Dubai, with off-plan transactions showing a year-on-year value increase of around 30 percent. — Reuters file The off-plan segment continued to drive the Dubai real estate market in November 2024, with transaction volumes rising approximately 46 percent year-on-year,...
Record-high prices and aggressive off-plan payment plans by Dubai developers are driving buyers out of central districts and toward properties on the outskirts. As prices peak in the city’s prime locations, more affordable areas are experiencing significant price growth as buyers and investors shift their focus. Property prices in Downtown, Business Bay, Palm Jumeirah, Marina, Sheikh Zayed Road,...
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