Dubai's real estate sector has started 2025 with a strong performance, as property sales in January reached AED44.4bn ($12.1bn), reflecting a 24.1 per cent increase in value compared to the same month last year. A market update from fäm Properties reveals that the 14,236 transactions in January represented a 23.2 per cent rise in volume over January 2024. Land sales saw the largest growth, with 811...
Markaz analysts identify opportunities and expectations for UAE, Saudi and Kuwait real estate markets this year Real estate markets in the UAE, Saudi Arabia and Kuwait are expected to thrive in 2025, according to Kuwait Financial Centre “Markaz”. In its latest real estate market reports, Markaz provides analysis of market trends in Kuwait, Saudi Arabia, and the UAE for H2 2024, as well as a...
OMNIYAT Unveils Bespoke Division Alongside Luna Sky Palace Launch Dubai developer OMNIYAT has introduced OMNIYAT Bespoke, a division dedicated to crafting custom residences for ultra-high-net-worth individuals (UHNWIs). This launch coincides with the unveiling of Luna Sky Palace at ORLA, Dorchester Collection, Dubai. Spanning 58,476 square feet over three levels, Luna Sky Palace boasts a...
Growing Population, Rising Demand, and Increasing Dubai Property Prices Dubai property prices are expected to continue their upward trend over the next two to three years, according to The National. Rental costs are also likely to rise as demand for housing surpasses the available supply in the emirate. A report from ValuStrat management consultancy reveals that only 27,000 new homes were completed in...
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