The Dubai real estate market recorded transactions totaling AED12.13 billion ($3.3 billion) last week, according to Land Department data. Mortgages made up the bulk of this figure, amounting to AED9.06 billion ($2.5 billion), as per the Land Department. A total of 3,126 sales transactions were registered between January 13 and January 17. Highlights of Dubai real estate this week: Some of the most...
The surge in demand is not anticipated to cause a substantial increase in property prices, as a wave of handovers in key master communities is expected soon. Dubai’s secondary housing market is projected to thrive this year, surpassing demand for off-plan properties due to a rise in expat family relocations, driving interest in ready-to-move-in homes, according to industry experts. The increased...
The secondary property market in Dubai generated capital gains of Dh59.7 billion in 2024, accounting for 32 per cent of the city’s record total re-sale value of Dh188.1 billion last year, according to a report. Data from fäm Properties revealed that re-sale profits in 2024 were 34 per cent higher than in 2023, marking an impressive 1300 per cent growth over the past five years. DXBinteract data...
Private property owners on Sheikh Zayed Road (from the Trade Centre Roundabout to the Water Canal) and in the Al Jaddaf area are now allowed to convert their properties to freehold ownership, as announced by the Dubai Land Department. This conversion option is available to individuals of all nationalities. A total of 457 plots are included, with 128 located along Sheikh Zayed Road and 329 in Al...
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