real estate

Dubai homes are getting smaller while property prices increase

Dubai’s population is projected to reach five million by 2030, driving a notable response in the housing market. In 2024, there’s a record difference between home sizes and property prices. According to ValuStrat, using data from Dubai Land Department, the average home size has decreased to 1,450 square feet, while the average price per square foot has climbed to Dh1,490 ($405)—its highest...

$37.8bn Q3 spend despite slight dip in sales of properties over $2.7m

Dubai’s real estate market continues to draw global attention, with residential and commercial sales totaling AED138.8bn ($37.8bn) in Q3, as reported by Engel & Völkers Middle East. Residential transactions jumped by 40.8% year-on-year, contributing AED115.6bn ($31.5bn), while commercial sales added AED23.2bn ($6.3bn), a 28% increase in transaction value from the same period in 2023. Dubai’s...

Average property prices jump 20% in a year as Q3 sales pass $32bn; office, retail and industrial rents in focus

Dubai residential real estate sales prices and volumes rose in 2023, stated CBRE Middle East, which also reviewed office, retail, and industrial property trends. Dubai property prices surged by an average of 20% in Q3 2024, with total residential sales reaching AED120bn ($32.4bn), as per CBRE’s UAE Real Estate Market Review. The residential market in Dubai showed a strong performance in Q3 2024,...

Dubai real estate sector logs record 18,038 transactions in September with 73% for off-plan properties; sales range from $34,000 to $75m

Dubai real estate sector hits record high with transactions ranging from $34,000 to $75m. The Dubai property market saw 18,038 transactions in September, with 73% of them being off-plan sales, according to Property Monitor data. Property Monitor’s analysis reveals that September surpassed the previous record of 17,139 transactions set in May, underscoring sustained growth and confidence in the...