Dubai’s real estate market remains strong, with sustained demand for prime and ultra-luxury residences from both local elites and international investors. Property transactions in February totaled $11.16 billion (AED 40.98 billion), reflecting robust activity in both off-plan and secondary markets, according to a report by Springfield Properties. The off-plan segment recorded 8,753 sales, amounting to...
Dubai Real Estate Report Highlights Fastest Growing Areas, Price Surges, and Best Investment Returns A new report on Dubai’s real estate market has identified the areas experiencing the highest price and rent growth, the fastest expansion, and the best rental yields for investors. In 2024, Dubai’s residential property market reached record highs, with 169,000 sales transactions—a 42% rise from...
Dubai Real Estate Market Records $5.2bn in Transactions Last Week Dubai’s real estate sector registered AED19bn ($5.2bn) in transactions last week, as per data from the Land Department. Sales transactions accounted for AED13.53bn ($3.7bn), with a total of 4,477 sales recorded between February 24 and February 28. Notable Transactions Some of the highest-value sales listed on the Land Department’s...
Can Developers Increase Service Charges After Handover? If you own a villa in a Dubai community, you likely pay service and usage fees covering utilities, common areas, and drainage. If your villa is part of a major project, the regulations for jointly owned properties apply. Relevant Legal Provisions Building Management Regulation: This document, registered with the Dubai Land Department (DLD),...
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