Dubai’s residential units sold so far in 2024 are close to matching the total for 2023, according to data released on Monday. As per Emirates NBD's Residential Market Monthly, 104,250 units have been sold year to date (YTD), just 14,000 shy of the total transactions from last year. “We expect activity to remain stable through the rest of the year, likely setting a new record for residential units...
Azizi Developments, a private UAE developer, has revealed plans for Burj Azizi, a 725-meter skyscraper that will become the second tallest building in the world. Located on Sheikh Zayed Road in Dubai, the project is set for completion by 2028. The 131+ storey tower will launch sales in February 2025, offering a seven-star hotel, residences, including penthouses and holiday homes, along with amenities...
Dubai’s real estate market saw property sales in August reach AED47.3bn ($12.9bn), marking a 40.8% year-on-year increase. A report from fäm Properties highlighted that August recorded 16,159 transactions, a 36.9% rise in volume compared to August 2023, with the average price per square foot increasing by 6.1% to AED1,493 ($407). The most expensive sale in August was a luxury apartment at the...
On August 19, Dubai banned 10 property owners from leasing their properties due to overcrowding violations. Dubai law mandates that each person in villas and apartments must have at least 5.0 square meters of space. Exceeding this limit is considered overcrowding and a breach of local regulations. Mohammed Kawasmi, a partner at Al Tamimi & Co., explained that the Dubai Municipality building code...
Compare listings
Compare