2024

Analysts say the numbers highlight Dubai's continued recovery from the pandemic's impact. Dubai’s residential market continued its strong performance in May, with capital values accelerating compared to the previous month, according to ValuStrat's latest figures. The ValuStrat Price Index (VPI) showed a 2.1 percent increase for the month, reaching 174.4 points, marking a 27.2 percent rise compared...

Dubai's real estate sector experiences a remarkable week with sales exceeding AED 14.7 billion. According to data from the Land Department, the Dubai real estate sector recorded transactions totaling more than AED 19.71 billion ($5.36 billion) last week. This represents an increase of approximately $550 million compared to the AED 17.5 billion ($4.8 billion) recorded the previous week. Sales were the...

Over the past three months, rental rate changes have varied, with average rates for apartments and villas showing minimal fluctuations. Dubai's real estate market anticipates a forthcoming increase in tenants vacating their rented properties. This shift stems from factors such as moderated rent escalations in specific locales, revisions to the Rera rental calculator permitting potential rate...

The idea is gaining popularity in affluent districts such as Downtown and Dubai Marina, as well as in moderate-priced areas like Jumeirah Lake Towers and Jumeirah Village Circle. The resurgence of 'rent-to-own' properties has been invigorated by the surge in rentals, leading to renewed popularity for this concept. With rents escalating in many regions, certain communities are experiencing rent...