2024

Dubai’s realty off to a flying start with record Dh35.4b sales

Off-plan demonstrated a surge in demand, registering a year-on-year increase of around 25%. In January 2024, Dubai's real estate market experienced a significant surge, achieving record-breaking sales amounting to Dh35.4 billion. This indicates a positive outlook for the sector in 2024, driven by sustained momentum from the previous year and an increasing demand for off-plan properties. Comparing to...

Cost of buying, selling $2mln property cheaper in Dubai than London, Mumbai, Paris

Despite a more moderate pace of expansion, Dubai is anticipated to secure the position as the second-fastest-growing market in 2024, following Sydney. In 2023, Dubai's prime residential property market experienced the swiftest growth globally, a trend expected to persist into 2024, surpassing the performance of most major cities once again. "Dubai has consistently led in capital value appreciation....

Navigating the Future: Dubai’s real estate amid COP28 announcements

Dubai's real estate market serves as an exemplary model, showcasing how the global community can create a sustainable and adaptable environment to address the challenges posed by climate change. Amidst the urgency of addressing climate change globally, governments are being called upon to accelerate the transition from fossil fuels to renewables, playing a pivotal role in...

Dubai is third-richest city in BRICS; Sharjah millionaires to surge 120% in 10 years

Henley & Partners report indicates that wealth is growing at a faster rate in Sharjah compared to Dubai and Abu Dhabi. According to a recent report from Henley & Partners, Dubai holds the position of the third-richest city within the recently expanded BRICS bloc, while the millionaire population in Sharjah is predicted to experience a substantial 120% increase over the next decade. Henley...

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