2024

Rising rents prompt residents to seek affordable areas, downsize

Many families sought larger homes with outdoor spaces amid the pandemic, prioritizing comfort, functionality, and well-being. In Dubai, a significant number of families are in the midst of relocating due to rising rents in established neighborhoods. During the pandemic-induced rent decline, many residents seized the opportunity to move to more spacious homes with gardens. However,...

Dubai construction sector is growing, but city needs mid-market properties: analyst

ZāZEN Properties: Demand for mid-market real estate must meet population growth. Dubai faces a pressing need for mid-market properties to entice diverse investors, as the emirate's population is projected to double by 2040, warns ZāZEN Properties. Post-COP 28, the company emphasizes the urgency of bolstering sustainable construction efforts to meet the expanding population...

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