Real Estate

Indian, Chinese property buyers demand Vastu, Feng Shui-compliant homes

The reasoning behind the homes crafted according to these principles lies in their focus on user-friendly design, efficient utilization of space, adequate ventilation, and the incorporation of natural light. There is a growing trend among Indian and Chinese property buyers in Dubai, as they express a heightened interest and request for properties that adhere to Vastu and Feng Shui...

Unique Properties unveils Luxury Market Outlook for 2024 after Dubai shatters previous forecasts by 25%

In 2023, there was a 57% increase in Dubai real estate transactions, with property sales exceeding AED 400 billion. Since the lows of the pandemic in late 2020, property prices in Dubai have surged by 225%. The centimillionaire population in Dubai is expected to increase by nearly 80% by the year 2033. Dubai, UAE:  Despite a significant increase in luxury prices over recent years, Dubai's real...

Can high rents push more Dubai residents to turn end-user property buyers?

The trajectory of rental prices plays a crucial role in determining the prospective demand for Dubai's property market. Research suggests a growing disparity between new and existing rental lease agreements in Dubai, often resulting in a notable contrast between occupied units and those vacant or marked with a 'vacancy notice.' The implementation of rent stabilization regulations has effectively...

Dubai real estate sector sees $2.7bn of transactions this week, including $38m apartment in Island 2

This week, the real estate sector in Dubai has witnessed over 3,500 transactions. This week, the Dubai Land Department reported AED9.8 billion ($2.7 billion) in transactions in the real estate sector. From February 3 to February 9, a total of 3,543 transactions took place. A sum of AED1.61 billion ($438 million) was generated from the sale of 197 plots, while AED5.68 billion ($1.547 billion)...

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