Real Estate

Data from the Dubai Land Department indicates that over 3,600 transactions were recorded in the week ending February 2. This week, the Dubai Land Department reported real estate and property transactions reaching AED 11.45 billion ($3.1 billion). The transactions, comprising 3,677 deals including land and property sales, as well as mortgages, were recorded up to February 2. Among these transactions, 192...

Dubai's real estate market sets a January record with a substantial surge in sales compared to the previous year, as indicated by data from Property Finder. In January 2024, Dubai's real estate transactions reached AED35.4 billion ($9.6 billion), indicating a 27 percent rise from the previous year, as per data from Property Finder. Property Finder has disclosed key market performance indicators for...

DMCC has initiated the second phase of its Uptown Dubai project, showcasing its commitment to enhancing and expanding its real estate offerings. Swissboring Overseas Piling Corporation has been appointed for the enabling and foundation works. In the upcoming phase, two mid-rise towers will be constructed in the Uptown Dubai district, situated in the heart of new Dubai's southern end. These towers,...

As Dubai's population experiences swift growth, the demand consistently surpasses the available supply. Dubai's off-plan real estate sector has exhibited remarkable growth over the past four years, propelling the overall UAE market to reach Dh455.7 billion in sales in 2023. Experts anticipate that, with demand surpassing supply, the off-plan sector will continue to contribute to the market's growth in...