2024

Last month's most significant transaction involved the purchase of a villa worth AED 160 million on the seahorse-shaped man-made Jumeirah Bay Island. According to a report from Property Monitor on Tuesday, Dubai witnessed its highest ever property sales in February, with off-plan sales continuing to dominate the market. February saw a 2.6% increase in sales compared to the previous month, reaching a...

The real estate market in Dubai is undergoing a significant surge in housing, with tens of thousands of new villas, townhouses, and apartments scheduled for completion and delivery to buyers within the year. Experts anticipate that property prices for both rentals and ownership will persist in their upward trajectory despite the considerable influx of new units, owing to robust demand from both local...

The projected moderation in price growth this year is attributed to the increasing supply of housing units and the development of new neighborhoods in Dubai. Industry insiders informed Arabian Business that residential real estate prices in Dubai are anticipated to experience a slowdown in growth compared to last year, attributed to increasing supply and various global economic factors. The cooling...

Apartments located nearest to the metro station in JLT and Al Furjan are now commanding a premium of up to 30%. Renting an apartment near a Dubai Metro station in JLT or the emerging residential hub of Al Furjan will likely require paying up to 30 percent or more compared to units slightly farther away. In Dubai's increasingly competitive property market, the Dubai Metro's presence is significantly...