Dubai’s off-plan property sector has experienced a substantial rise in transactions, making up 60 percent of total property deals in July 2024, compared to 49 percent in July 2023. This growth aligns with the city welcoming 9 million visitors in the first half of 2024, underscoring its attractiveness to both investors and tourists. Industry experts are providing guidance to first-time buyers...
Real Estate
Asteco's Q2 2024 Dubai real estate report highlights key sector trends: The Dubai real estate market may see an additional 25,000 new homes by the end of the year, as reported by Asteco. The UAE real estate expert noted that Dubai’s strong economy and appealing lifestyle continue to attract expatriates. The fundamentals of Dubai’s real estate sector are solid, bolstered by substantial equity,...
Can’t afford to buy a $20m Dubai mansion? Here’s how to start investing in Dubai real estate from just $136. Dubai's real estate market is thriving, with residential property sales reaching AED191bn ($52.5bn) in the first half of the year alone. It seems like every day brings news of a $20m home being sold on Palm Jumeirah or luxury properties with Burj Khalifa views setting new...
The Dubai-based developer's sales backlog reached $24.52 billion as of the end of June. Dubai-based Emaar Properties PJSC reported a net profit attributable to shareholders of AED 5.34 billion ($1.45 billion) for H1 2024, an 8% increase year-on-year, driven by rising retail sales and higher real estate demand in Dubai. The company disclosed on Thursday via DFM that its revenue reached AED 14.4...