Dubai is set to welcome over 17,000 affordable homes following a major government announcement this week. On Wednesday, March 12, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum revealed that 1.46 million square meters of land have been designated for affordable housing. This land will accommodate exactly 17,080 residential units as part of the Dubai 2040 Urban Masterplan. The...
Dubai’s real estate market is poised for another record-breaking year, with transactions expected to reach Dh1 trillion in 2024. The market continues to thrive due to strong housing demand, government initiatives, and a growing population. Key Highlights Market Performance & Projections 2023 Record-Breaking Transactions: Over Dh634 billion worth of real estate transactions. 2024 Target:...
Dubai’s real estate sector recorded transactions worth AED17.16bn ($4.7bn) last week, as per Land Department data. Sales transactions accounted for AED12.24bn ($3.3bn), with a total of 3,837 sales recorded between March 3 and March 8. Key Transactions This Week Among the highest-value deals listed by the Land Department were: An office in Enara by Omniyat, Business Bay, sold for AED68.8m...
Dubai Real Estate: A Market Poised for Transformation Building on 2024’s momentum, Dubai’s property sector is set for even greater expansion in 2025, with the number of developments surpassing last year’s 500+ projects. In such a fast-moving and diverse market, navigating without expert assistance can result in costly missteps and missed opportunities. Why Expert Guidance Matters Understanding...
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