January 2025

Rents in older Dubai buildings lacking modern amenities may drop due to the introduction of the new smart rental index. Real estate industry leaders predict that newer buildings with high-end facilities could see rents rise by as much as 15%, as landlords adjust prices to match current market rates. Unveiled last week by the Dubai Land Department, the index incorporates several factors, including the...

The Government of Dubai has reported a 20.6% increase in real estate revenue in 2024, totaling Dhs20.9 billion (around Dhs1.74 billion per month), up from Dhs16 billion in 2023 (approximately Dhs1.33 billion per month). This growth is partly linked to the introduction of a 4% real estate registration fee on sale and purchase transactions. Between 2021 and 2024, total revenue from property sales reached...

Dubai’s real estate market achieved remarkable success in 2024, recording over AED 500 billion in transactions between November 2023 and November 2024, according to dubizzle, the UAE’s property platform. "Dubai’s property market has reached unprecedented levels in 2024, with over AED 500 billion in transactions between November 2023 and November 2024," stated Haider Ali Khan, CEO of dubizzle and...

Azizi Developments Reports Record Sales in 2024, Plans Completion of 25 Projects in 2025 Dubai-based Azizi Developments concluded 2024 with outstanding achievements in project completions and sales growth. The developer delivered thousands of units across 19 projects as planned in 2023 and is set to complete 6,979 units across 25 projects in 2025. Azizi recorded the sale of 10,229 units in 2024,...