Dubai property prices surged by up to 41 percent during the first half of 2024. Dubai’s real estate market saw over 43,000 sale transactions worth AED 122.9 billion in the first half of 2024, according to a new report. These transactions covered both residential and commercial properties, reflecting broad-based demand across various real estate segments. “Despite the global economic slowdown...
The Bayut report reveals that the most significant property price increases occurred in DAMAC Hills 2. According to a new report by leading real estate portal Bayut, Dubai property prices surged by up to 41 percent during the first half of 2024. This sharp increase in real estate prices was particularly noticeable in the villa segment. The report highlighted that villas in DAMAC Hills 2, a popular...
The developer is responsible for delivering the project, but the purchaser must also exercise diligence. Question: Before purchasing a property from an off-plan developer, it's crucial to verify several aspects. Firstly, ensure the developer's credibility and their capability to complete the project. Additionally, check if there's a specified maximum period for project completion. Answer: Some of...
According to Property Finder, Dubai saw its highest-ever volume and value of real estate transactions in the second quarter of 2024. The Dubai real estate sector experienced a record AED 124.4 billion ($33.9 billion) in transactions during Q2 2024, as reported by Property Finder’s Market Watch digest. Data from the Dubai Land Department indicates that Dubai achieved its highest volume and value of...
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