Real Estate

Emaar Development property sales hit $13.1bn in 9 months as developer sees 66 per cent uplift

Emaar Development has reported a remarkable 66% increase in property sales in the first nine months of 2024. The UAE-based company, part of Emaar Properties, achieved AED48bn ($13.1bn) in sales from January to September 2024, up from AED28.9bn ($7.9bn) in the same period in 2023. With 50 project launches across all master plans in 2024 so far, Emaar further cements its market leadership and positions...

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There are signs of maturity in Dubai’s real estate market

With more data emerging, Dubai’s real estate market maturity is becoming clearer. Recent findings show that in Q3, 40% of ready-to-move-in homes sold below Dh1 million. The ValuStrat Price Index (VPI) for residential capital values rose to 190.1 points, reflecting a quarterly increase of 6.7% and an annual rise of 28.9%, with the Q1 2021 benchmark set at 100 points. In Dubai’s freehold villa...

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Dubai real estate continues to show resilience

The UAE's liberal migration policies are central to sustaining the growth of Dubai’s real estate market, an expert highlighted. "Dubai’s allure is unmistakable, with entrepreneurs, investors, high-net-worth individuals (HNWIs), and ultra-HNWIs (UHNWIs) from around the world gravitating toward the city. Legislative reforms, long-term residency options, tax benefits, and business-friendly policies...

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