The third quarter of 2024 saw a decline in the number of luxury property listings in Dubai, as demand continued to exceed supply. In Q3 2024, there were 400 deals recorded in the city’s prime areas, a decrease from 489 in Q3 2023. This trend indicates a drop in the number of homes available for sale throughout the city. Listings in four key luxury areas fell by 52% in Q3 2024 compared to the same...
The UAE real estate market is projected to reach AED 2.5 trillion ($681 billion) by the end of 2024, as reported by QUBE Development. This significant growth is attributed to multiple factors, with the off-plan sector being the primary driver, accounting for 65% of total sales transactions in August 2024. This marks a 54% increase in volume compared to the same period last year. ###...
The Future Living: Dubai 2024 Edition report, which gathered feedback from 1,612 participants, indicates that 72% anticipate property prices to increase over the coming year. A recent survey by Betterhomes highlights the strong growth and changing preferences within Dubai’s property market. According to the Future Living: Dubai 2024 Edition report, 72% of the 1,612 respondents predict that property...
In July 2024, sales of under-construction properties accounted for 60% of total transactions, marking a 49% year-on-year increase. Anyone with even a casual interest in Dubai’s real estate scene knows that it’s currently experiencing remarkable growth and has been for quite some time. Since the end of the global pandemic, Dubai's property sector has consistently thrived, setting numerous records...
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