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...
Dubai’s real estate market saw a price surge of over 19% last year, with further increases expected in 2025. According to the Dubai Residential Market Q4 2024 report by Knight Frank, residential property values grew by 19.1% in the past year, reaching AED 1,685 ($459) per square foot. This places current prices 13.3% above the 2014 peak. Villa prices experienced an even stronger rise, increasing by...
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