New Dubai residents are quickly transitioning from renting to owning properties to avoid rising rents in the emirate. This shift is driven by their plans to stay longer, which helps absorb the incoming market supply. Dubai's population growth continues to drive rental transactions, especially in new developments, where a substantial portion of newly completed projects is taken up by the rental...
Property projects from Tier 1 developers in Dubai are selling out in minutes, if not hours, due to continued strong demand in the emirate, industry sources report. To capitalize on this robust real estate demand from both residents and international investors, developers are frequently launching new projects. Developers of all sizes are vying for the attention of real estate agents and buyers, who...
Dubai’s real estate market experienced a significant surge in Q2 2024, with transaction volumes soaring by an impressive 60.06% year-on-year. Dubai’s residential property market saw a 35.7 percent increase in total transaction value, reaching approximately $33.5 billion (AED 124 billion) in the April-July quarter of 2024, according to the latest market report. The total transaction volume also...
According to the latest market report from Betterhomes, Dubai experienced 40,584 property transactions valued at AED 104 billion in Q2 2024, marking a 49 percent increase from the same period last year. Dubai’s real estate market continued its strong performance in the second quarter of 2024, with record-breaking transaction volumes and increasing prices in both sales and rental sectors. According...
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