2024

Dubai’s property boom shows signs of fizzling out

Privately, developers, investors, and brokers are inquiring about the potential speed at which the market might undergo a turnaround. Dubai's property market, once soaring with cranes dotting the skyline and luxury homes changing hands at record prices, is displaying signs of a potential slowdown. Developers and investors are cautiously assessing the risk of a correction...

42,000 residential units will be delivered across Dubai, Abu Dhabi in 2024 – JLL

The increasing demand has been a key factor in the continued rise of average villa sale prices in Dubai. In 2024, the property market in the UAE is poised for significant growth, with the delivery of 42,000 residential units anticipated across Dubai and Abu Dhabi. According to a report by JLL, Dubai is expected to witness the completion of approximately 34,000 units, while Abu Dhabi is slated to add...

Dubai offers free parking, taxi fare discounts for tourists with special needs

Individuals with determination have the option to request complimentary parking through the RTA's website or app, or they can visit a customer happiness center in person to make the application. Photographs captured by Angel Tesorero showcase participants at the 4th Accessible Travel and Tourism International Conference. On Thursday, officials from both the Roads and...

Property market flourishes amid global challenges, says new JLL report

In 2023, there was notable growth in property transactions in Dubai's residential sector, encompassing both primary and secondary markets. JLL's A Year in Review UAE report states that despite global economic challenges, the real estate sector in the UAE exhibited resilience, experiencing substantial growth across major asset classes in 2023. Research Director Faraz Ahmed...

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