2024

A survey revealed that 87% of homebuyers are willing to pay more for a home in a community with amenities that suit their lifestyle needs. Amenities comparable to those found in 5-star hotels are increasingly common in new residential projects across the UAE. While location is a key factor in property purchases worldwide, amenities are crucial, especially in advanced cities like Dubai, where...

The short-term rental market in Dubai is transforming the real estate sector, with demand up 30% compared to last year, according to recent data. Experts believe this trend is reshaping the region's property landscape, offering lucrative returns for property owners and attractive options for visitors. "Over the past year, short-term rentals in Dubai have surged, with a 30% increase in bookings driven...

The Dubai real estate sector recorded over AED14.65bn ($4bn) in transactions last week, according to Land Department data. Sales accounted for AED10.93bn ($3bn) of the total, with 3,530 sales transactions recorded between August 19 and August 23. Among the top sales transactions listed by the Land Department were: An apartment in Vela by Omniyat sold for AED42.9m ($11.7m) An apartment in Six...

The rise of tokenisation and blockchain technology in Dubai and the larger UAE is enhancing fractional ownership of real estate assets, including high-value properties like vacation homes. Tokenisation is becoming a key trend in Dubai’s real estate sector, attracting investors to acquire properties through stablecoins and tokens on blockchains, with expected returns of over 8 percent, according to...