Real Estate

There was a significant increase in buyers from Egypt, Lebanon, Pakistan and Turkey In 2023, Betterhomes' latest data indicates that Indian property investors have overtaken Russians to become the foremost buyers of real estate in Dubai. The statistics show British and Russian buyers securing the second and third positions, respectively. This contrasts with the 2022 landscape, where Russians, British, and...

Scheduled for February 28, the unique aerial competition will take place concurrently with the Dubai Boat Show, allowing exhibition visitors to witness the event. The inaugural Dubai Jet Suit Race, declared by the Dubai Sports Council, will mark the world's first competitive event where participants take to the air without the assistance of an aircraft. Instead, contenders will navigate a predefined...

Privately, developers, investors, and brokers are inquiring about the potential speed at which the market might undergo a turnaround. Dubai's property market, once soaring with cranes dotting the skyline and luxury homes changing hands at record prices, is displaying signs of a potential slowdown. Developers and investors are cautiously assessing the risk of a correction...

The increasing demand has been a key factor in the continued rise of average villa sale prices in Dubai. In 2024, the property market in the UAE is poised for significant growth, with the delivery of 42,000 residential units anticipated across Dubai and Abu Dhabi. According to a report by JLL, Dubai is expected to witness the completion of approximately 34,000 units, while Abu Dhabi is slated to add...