2024

Why villa prices in these communities have more than doubled in 4 years

Villa prices in ten Dubai communities have more than doubled over the past four years, fueled by strong demand from residents and high-net-worth individuals relocating to Dubai. Data from global real estate consultancy ValuStrat reveals that Arabian Ranches, Dubai Hills Estate, Emirates Hills, Green Community West, Jumeirah Islands, Jumeirah Park, Palm Jumeirah, The Lakes, The Meadows, and Victory...

Luxury home maintenance sees demand surge, says new report

Hitches & Glitches (H&G), a UAE-based home maintenance company, has reported a substantial rise in demand for its services within Dubai’s luxury residential sector. As part of the Farnek Group, H&G has secured contracts in high-end areas such as Emirates Hills, Palm Jumeirah, and Dubai Hills Estate. A notable project includes a villa in Jumeirah Bay Island with a built-up area of 7,200...

Off-plan property market surges to 60% of total transactions in July 2024

Dubai’s off-plan property sector has experienced a substantial rise in transactions, making up 60 percent of total property deals in July 2024, compared to 49 percent in July 2023. This growth aligns with the city welcoming 9 million visitors in the first half of 2024, underscoring its attractiveness to both investors and tourists. Industry experts are providing guidance to first-time buyers...

25,000 new homes expected by end of year amid ongoing off-plan surge

Asteco's Q2 2024 Dubai real estate report highlights key sector trends: The Dubai real estate market may see an additional 25,000 new homes by the end of the year, as reported by Asteco. The UAE real estate expert noted that Dubai’s strong economy and appealing lifestyle continue to attract expatriates. The fundamentals of Dubai’s real estate sector are solid, bolstered by substantial equity,...

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