According to Knight Frank, a global property consultant, there were 105 properties sold in Dubai in the first three months of this year valued at more than $10 million, marking a 19% increase from Q1 2023. Faisal Durrani, Partner – Head of Research, MENA, explained, “The level of deal activity in Dubai continues to strengthen, particularly at the top end of the market, where there's a constant...
Apart from Indians, American investors are also showing interest in Dubai's property market lately. The first quarter of 2024 witnessed a notable shift in investment patterns within Dubai's residential real estate sector, with Indians once again taking the lead as the primary nationality investing in the city's property market, surpassing longstanding leaders, the British, according to industry insiders...
Landlords in Dubai have begun raising rents upon renewal of their tenancy contracts following an update by the Real Estate Regulatory Authority (RERA) to its rental index, enabling property owners to align rents with market value. According to industry executives, numerous tenants in the emirate may not experience rent hikes until later this year or early next year, coinciding with the conclusion of...
Arabian Business examined Emaar's forthcoming master community, providing comprehensive details about The Oasis that cover all essential information. Emaar Properties has revealed its blueprints for The Oasis, their latest expansive mixed-use development sprawling across more than 100 million square feet in Dubai. Envisioned with an approximate investment of $20 billion, the endeavor will encompass a...
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