Dubai has been listed among the few global cities experiencing accelerating property market growth. Alongside Bangkok, Berlin, Stockholm, Hong Kong, Jakarta, Paris, and Warsaw, Dubai's real estate market is noted for its upward trajectory, according to JLL’s Global Real Estate Perspective. Dubai's real estate sector has consistently outperformed its international counterparts in capital appreciation...
Legal Expert Discusses the Scope of Property Purchase Agreements in the UAE Question: Two years ago, I bought a property from an off-plan developer in Dubai and paid around 60 percent of the property's value. Under the law, what are the reasons that would allow me to request a cancellation of the property purchase agreement? Is a change in the property's area sufficient for this? Answer: According to...
Dubai’s real estate market is undergoing a notable transformation, marked by a change in consumer preferences between off-plan projects and ready-to-move-in properties. As the market develops, leading developers in Dubai are highlighting the factors contributing to this shift. Industry figures like Shaher Mousli, chairman and CEO of Gulf Land Property, emphasize the increasing attraction of off-plan...
The ready property market in Dubai is experiencing a supply shortage as more end-users move to the city due to rising rental costs. Although the off-plan segment is leading the current property market rally, demand for ready properties remains strong. Well-priced ready units are selling within a month of listing. Driven by demand from high-net-worth individuals and residents, the supply of ready...
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