2024

In 2023, there was a 57% increase in Dubai real estate transactions, with property sales exceeding AED 400 billion. Since the lows of the pandemic in late 2020, property prices in Dubai have surged by 225%. The centimillionaire population in Dubai is expected to increase by nearly 80% by the year 2033. Dubai, UAE:  Despite a significant increase in luxury prices over recent years, Dubai's real...

The trajectory of rental prices plays a crucial role in determining the prospective demand for Dubai's property market. Research suggests a growing disparity between new and existing rental lease agreements in Dubai, often resulting in a notable contrast between occupied units and those vacant or marked with a 'vacancy notice.' The implementation of rent stabilization regulations has effectively...

This week, the real estate sector in Dubai has witnessed over 3,500 transactions. This week, the Dubai Land Department reported AED9.8 billion ($2.7 billion) in transactions in the real estate sector. From February 3 to February 9, a total of 3,543 transactions took place. A sum of AED1.61 billion ($438 million) was generated from the sale of 197 plots, while AED5.68 billion ($1.547 billion)...

As Dubai emerged from the pandemic and prices began to rise, many buyers found themselves in an advantageous position. Cash buyers could secure a brand new property at a relatively low cost, and mortgage buyers had convenient access to finance with favorable mortgage rates. Despite the abundant investment potential, a notable increase was observed in the number of end-users acquiring properties that...