Investors are eagerly seizing the opportunity in Dubai's real estate market, with over 36,000 homes being purchased within the initial quarter of the year. In the initial three months of 2024, the Dubai real estate sector has seen continual interest in both current and off-plan properties, as indicated by Property Finder’s Market Watch digest report. The analysts at Property Finder have noted over...
A new residential project is among several thrilling new developments for the JLT community. A partnership between DMCC and Danube has resulted in the development of 1,200 new residential units, amounting to a USD 545 million investment in the district. This collaboration follows the successful sale of Viewz residential units, marking the initial venture between the two in JLT’s Cluster K. The ongoing...
Property Finder analysis suggests a potential rise in villa sales within the Dubai real estate sector, driven by increased interest from younger individuals and investors with lower incomes. According to data obtained from the online real estate platform, 40% of prospective homebuyers are specifically interested in purchasing villas. Within this group, a significant 85% are targeting villas with...
The move marks a reversal of the trend observed in recent years, during which landlords could pay a fee to the Land Department for rental valuations. Landlords in Dubai still have the option to pursue re-evaluation of rent through the Real Estate Regulatory Authority (RERA) to potentially secure higher rental rates instead of adhering strictly to the recently updated Rental Index. Nonetheless,...
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