2024

Dubai’s off-plan boom propels UAE realty sales to $124bln

As Dubai's population experiences swift growth, the demand consistently surpasses the available supply. Dubai's off-plan real estate sector has exhibited remarkable growth over the past four years, propelling the overall UAE market to reach Dh455.7 billion in sales in 2023. Experts anticipate that, with demand surpassing supply, the off-plan sector will continue to contribute to the market's growth in...

Half of Binghatti Properties’ Mercedes-Benz branded project sold out a day after launch

The inaugural real estate venture for the German automotive giant, Mercedes-Benz Places, is a 65-story residential tower situated in Downtown Dubai. A day after its launch, half of the properties in Binghatti Properties' latest branded residences project, Mercedes-Benz Places, in Downtown Dubai, have already been sold out, indicating strong buyer demand in the thriving UAE property...

Dubai records real estate transactions worth AED3 billion Tuesday

On Tuesday, there were 530 sales transactions totaling AED2.35 billion, along with 135 mortgage deals amounting to AED564.27 million and 55 gift deals worth AED180.68 million. On Tuesday, the Dubai real estate market experienced a busy day with recorded transaction deals amounting to $816.8 million (AED3 billion). The property deals on Tuesday comprised 530 sales transactions totaling AED2.35...

Dubai’s off-plan boom propels UAE realty sales to Dh455.7b

As Dubai's population experiences rapid growth, the demand consistently surpasses the available supply. Dubai's robust off-plan real estate sector, exhibiting impressive growth over the past four consecutive years, has propelled the overall UAE market to achieve Dh455.7 billion in sales in 2023. As the off-plan sector is expected to continue supporting the market's growth in 2024 and beyond, realty...

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