The Dubai real estate market has recorded AED103.8 billion in sales transactions during the first half of 2024. Dubai's off-plan property market has witnessed remarkable growth in the first half of 2024, as reported by Bayut. Sales transactions in the sector have surged to AED103.8 billion, reflecting strong investor interest and excellent market performance. The report underscores that demand...
Real Estate
The Dubai Media Office announced on Sunday that the settlements were processed using the Oqoodi Platform service. The Dubai Land Department (DLD) settled 647 real estate disputes, amounting to over AED1.38 billion, in the first half of 2024, as reported by the Dubai Media Office (DMO). These settlements were handled through the Oqoodi Platform service, which verified all agreements. The DLD's...
Developers Focus on Deliveries as Dubai's Real Estate Market Stabilize Developers are increasingly prioritizing delivering completed properties over starting new projects as Dubai’s real estate market stabilizes, suggesting that supply has caught up with demand. This year, developers expect to finish 42,241 units, including 9,909 villas and townhouses, 991 commercial properties, and 31,341...
The UAE's office sector experienced strong performance in the second quarter of 2024, as noted in JLL's UAE Real Estate Market Overview report. This growth is attributed to a robust economy, diverse demand, and a focus by occupiers on quality and sustainable office spaces. The report also noted increases in available office space, rising rents, and declining vacancy rates in both Dubai and Abu...