Real Estate

Dubai villa sales drop by 55% due to property shortage

Hamptons International attributes the decrease in sales to the restricted availability of villa properties. The surge in villa sales in Dubai has started to lose momentum, witnessing a decrease of over 50% in transactions during February this year. According to a report by Hamptons International, the total number of villa property deals in Dubai plummeted by about 55% last month compared to the same...

DAMAC Hills 2 Community emerges as one of the highest transacted in the UAE

According to data from DLD, the community has consistently seen an increase in the appreciation of capital values for villa configurations, with seven clusters experiencing double-digit growth between 2021 and 2023. The villa property type, ready for immediate occupancy, stood out as the most coveted within the community, showing a remarkable 22% growth in 2023 compared to 2021. Since its establishment,...

Dubai’s high end commercial real estate enjoys a boon

The resurgence in high-end commercial real estate is being fueled in part by the 'feel good factor'. Amid declarations of the demise of the office due to the Covid-19 pandemic, the commercial real estate sector in Dubai is witnessing a resurgence, particularly in high-end spaces, as businesses aim to differentiate themselves and entice employees back with prestigious workplaces worthy of their daily...

Developers announce price cuts, fee waivers amid hunt for Ramadan buyers

Danube, among others, reportedly provides complimentary full furnishing and a 2% waiver on Dubai Land Development fees. Additionally, Tiger Properties and DAMAC Properties are purportedly offering significant price discounts on specific properties. Real estate developers in Dubai are enticing buyers with attractive deals during the Ramadan period, typically a slow season for home purchases, according to...

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