More than 80% of newly launched property units in Dubai since 2022 have been sold, underscoring sustained high demand in the emirate. Dubai has witnessed the launch of numerous projects worth hundreds of millions since 2022. According to Dubai Land Department data, approximately 214 projects have been launched, with 148 currently active. “Despite concerns over the impact of new launches on prices,...
Here's everything you need to know about the current rent-to-own property segment in Dubai's thriving real estate market. In Dubai's rapidly evolving real estate market, the rent-to-own (RTO) model, once favored as an accessible route to home ownership, is being reevaluated amid significant market transformations, according to industry experts. "The rent-to-own property market in Dubai is currently...
In May, sales transactions reached a record high, with volumes increasing by 47.7 percent compared to the previous month and 45.9 percent compared to the same month last year in Dubai. Sales volumes in Dubai's property sector have risen consistently in the first half of 2023, as reported by leading real estate agency haus & haus. Figures from Property Monitor, a property data tracking service,...
Dubai's real estate market has experienced three growth cycles, but it underwent two boom-bust periods – first during the 2008 global financial crisis when the market crashed for the first time, and again during the pandemic. After a three-and-a-half-year rally, industry experts are optimistic that the market will avoid another bust and instead experience slower, steadier growth. This is attributed to...
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