There is increasing demand for affordable homes in Dubai as more residents choose to settle long-term and purchase homes amidst rising rents. Several projects are underway in areas such as Arjan, Dubailand, Al Furjan, Majan, Dubai Sports City, Dubai Production City, Dubai Silicon Oasis, Damac Hills, Damac Hills 2, and Jumeirah Village Triangle. Developers like Damac Properties, Samana Developers,...
Mortgage buyers received a boost in September with a 0.5% drop in interest rates, marking the first rate cut in over four years. In Dubai, property buyers are increasingly moving from cash purchases to mortgages as interest rates decline both locally and globally. Compared to last year, when cash buyers dominated the market, there has been a notable shift in buyer profiles, according to property...
The mansion is located on the waterfront of Jumeirah Bay Island Dubai's ultra-luxury real estate market has reached a new peak with the successful closure of the largest leasing deal in the city's history. This exclusive property on Jumeirah Bay Island was leased for an impressive Dh15.5 million annually. The deal was managed by Toni Abou Jaoude, sales and leasing manager at Prime by...
The Dubai real estate sector reported AED 15.46 billion ($4.2 billion) in transactions last week, according to data from the Land Department. Sales accounted for the majority, totaling AED 11.67 billion ($3.2 billion), as per the Land Department's figures. In total, there were 4,645 sales transactions recorded from October 7 to October 11. This week in Dubai real estate, the top sales transactions...
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