Real estate has overtaken every other asset class as the world’s largest store of wealth at the end of 2024, valued at $393.3 trillion, according to Savills’ latest global research. Residential real estate accounts for $286.9 trillion of this total, making property by far the world’s largest asset class, exceeding the combined value of global equities, debt and gold. Dubai exemplifies this...
Dubai’s real estate sector is rewriting the rulebook for urban development, with land transaction values skyrocketing by 403.6 per cent between 2019 and 2024, according to JLL’s latest report, *Beyond the Skyline: Dubai’s Land Market Transformation Story*. The surge underscores the emirate’s success in combining demographic expansion, infrastructure investment, and regulatory innovation into a...
With strong rental prices and ongoing demand driving a market that doesn’t appear to be slowing down, Dubai’s real estate industry continues to withstand global challenges. The CEO of fête Properties, Firas Al Msaddi, claims that the emirate’s real estate market is about to enter a critical stage that highlights both opportunities and challenges for developers. Dubai had a 20% increase in...
The Dubai real estate sector saw $5.4bn of transactions and 4,637 sales last week, including an apartment sold for $55m The Dubai real estate sector recorded AED19.92bn ($5.4bn) of transactions last week, according to data from the Land Department. Sales transactions dominated the figures, with AED15.18bn ($4.1bn), according to Land Department data. In total there were...
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