2024

Dubai residential real estate sales prices and volumes rose in 2023, stated CBRE Middle East, which also reviewed office, retail, and industrial property trends. Dubai property prices surged by an average of 20% in Q3 2024, with total residential sales reaching AED120bn ($32.4bn), as per CBRE’s UAE Real Estate Market Review. The residential market in Dubai showed a strong performance in Q3 2024,...

Dubai real estate sector hits record high with transactions ranging from $34,000 to $75m. The Dubai property market saw 18,038 transactions in September, with 73% of them being off-plan sales, according to Property Monitor data. Property Monitor’s analysis reveals that September surpassed the previous record of 17,139 transactions set in May, underscoring sustained growth and confidence in the...

There is increasing demand for affordable homes in Dubai as more residents choose to settle long-term and purchase homes amidst rising rents. Several projects are underway in areas such as Arjan, Dubailand, Al Furjan, Majan, Dubai Sports City, Dubai Production City, Dubai Silicon Oasis, Damac Hills, Damac Hills 2, and Jumeirah Village Triangle. Developers like Damac Properties, Samana Developers,...

Mortgage buyers received a boost in September with a 0.5% drop in interest rates, marking the first rate cut in over four years. In Dubai, property buyers are increasingly moving from cash purchases to mortgages as interest rates decline both locally and globally. Compared to last year, when cash buyers dominated the market, there has been a notable shift in buyer profiles, according to property...