2024

In April, apartments attracted the interest of nearly 58 per cent of property buyers, while villas or townhouses were sought after by 42 per cent of potential buyers. Signs of emerging trends show a rising demand for apartments in Dubai as an increasing number of professionals relocate to the emirate in pursuit of better opportunities. This stands in contrast to the period during the Covid-19 pandemic...

During the summer months, short-term rentals might become a favored choice for visitors to Dubai. Frank Porter, an accommodation management firm, suggests that short-term rentals in Dubai could flourish during the summer months. This is due to various tourism initiatives in Dubai and increasing prices at European resorts, which make the UAE an appealing destination for both business and leisure...

Samana Developers has initiated the real estate development of Production City, amounting to $272 million. Dubai-based real estate developer Samana Developers has unveiled Samana Lake Views, a project worth AED1 billion ($272.2 million) in Dubai Production City. The residential complex, located adjacent to the neighborhood's lake, is part of Samana's planned investment of AED12.5 billion ($3.4...

Dubai witnessed a remarkable 19.3 percent increase in sales transactions compared to the first quarter of 2023, reaching a total of 33,346 transactions, as highlighted in the report. The beginning of 2024 saw a promising start for the Dubai real estate market, with significant growth observed in both sales and rental sectors, as indicated by the latest market snapshot report from Allsopp & Allsopp...