2024

Property prices in Dubai South, neighbouring areas post 15% spike following Al Maktoum International Airport expansion announcement

Industry insiders anticipate a massive demand for both residential and commercial properties, estimating over 100,000 properties in the airport vicinity within the next decade, which is expected to further drive up prices. The massive expansion project at Al Maktoum International Airport has triggered a real estate boom in the surrounding areas, driving property prices upward. Industry projections...

Can ongoing Dubai property price surge beat 2014’s all-time high?

In May 2024, additional deal records are being established with further potential for growth. May 2024's volumes and value were boosted by sustained demand for offplan sales in Dubai. As the city readies to take in more high netwroth residents, there is plenty more of pricing action on the horizon Investor demand for UAE real estate surged dramatically in May, with Dubai property market breaking...

Dubai’s residential market is driven by off-plan sales

According to a recent industry report, demand for off-plan homes in Dubai soared to unprecedented levels in May, with the Emirate witnessing a 41.6% increase month-on-month in new contract registrations, totaling over 10,000 transactions and constituting 69.4% of total residential sales. Dubai experienced a 76.3% year-on-year surge in off-plan registrations for residential properties last month, driven...

Dubai is set to receive a honeymoon island complete with floating villas.

Work on Dubai's heart-shaped island is poised to commence, with real estate firm Kleindienst appointing contractors for the project's construction. Located on The World Islands, The Heart of Europe is expected to enhance Dubai's stature in the luxury tourism sector. The project encompasses six islands: Sweden, Germany, Main Europe, Switzerland, St Petersburg, and Monaco. Situated 6.5km off Dubai's...

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