Ahead of the launch of the commercial rental index, many tenants in Dubai’s commercial property sector are relocating to more cost-effective areas, while others are renegotiating or renewing leases early to secure long-term agreements at current rates. Industry experts note that landlords in prime locations are raising commercial rents in anticipation of the index’s introduction. As previously...
The Dubai real estate sector recorded transactions worth AED 13.83 billion ($3.8 billion) last week, according to data from the Land Department. Sales transactions accounted for the majority of this activity, totaling AED 10.65 billion ($2.9 billion), as per Land Department figures. Between January 20 and January 24, a total of 3,614 sales transactions were registered. Dubai Real Estate Highlights...
In the ultra-luxury apartment segment valued at over USD 10 million, OMNIYAT Properties achieved 46 transactions, capturing a 37% market share. Strengthening its position as the preferred developer in Dubai’s most prestigious locations, OMNIYAT secured a commanding 58.1% market share on Palm Jumeirah, with AED 2.18 billion in sales across 33 high-value transactions. In the heart of Dubai, OMNIYAT...
Property buyers in Dubai are increasingly basing their real estate investments on the city's development plans. Many align their decisions with the government’s road and transport infrastructure expansion initiatives, ensuring smoother commutes between home and work. The significant influx of new residents into the emirate has led to heightened demand for properties, both for purchase and rental,...
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