Real Estate

Property market records 48% increase in Q2 2024 transactions

According to the latest market report from Betterhomes, Dubai experienced 40,584 property transactions valued at AED 104 billion in Q2 2024, marking a 49 percent increase from the same period last year. Dubai’s real estate market continued its strong performance in the second quarter of 2024, with record-breaking transaction volumes and increasing prices in both sales and rental sectors. According...

Dubai Mall could be on its way to breaking another world record

“Dubai Mall continues to set new benchmarks”, says the Founder of Emaar Emaar has shared its achievements for the first half of 2024, announcing that Dubai Mall welcomed an impressive 57 million visitors, marking an eight percent increase compared to the same period last year. In 2023, Dubai Mall was honored as the most visited place on Earth. Renowned for its vast array of shops, stunning...

Dubai real estate sector recorded $3.5bn of transactions last week

The Dubai real estate sector recorded over AED12.9 billion ($3.5 billion) in transactions last week, as reported by the Land Department. Sales transactions dominated the figures, amounting to AED10.43 billion ($2.8 billion), according to the Land Department data. A total of 2,928 sales transactions were recorded between July 8 and July 12. Dubai real estate this week: Among the top sales...

Here is how RERA’s new rent index changed Dubai property dynamics

The latest RERA rental update marks the conclusion of 'Covid pricing' and introduces additional changes. The Dubai real estate market has been exceptionally active this year, despite facing several challenges. The first six months of 2024 have marked a period of significant transformation for the market and the real estate industry overall. Updates to government processes, more robust regulations, and...

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