Dubai’s real estate market had a remarkable 2024, driven by strong demand in both residential and office sectors. With supply struggling to keep up, rents, prices, and transaction volumes have surged, as per Cushman & Wakefield Core’s Dubai Annual Report 2024-2025. Despite an increase in new stock, demand shows no signs of slowing, leading to further price growth in 2025, especially in the...
Dubai’s real estate sector recorded transactions totaling AED17.05bn ($4.6bn) last week, as per data from the Land Department. Sales transactions made up the bulk of this figure, amounting to AED12.31bn ($3.4bn), according to the Land Department’s records. A total of 4,153 sales transactions were recorded between February 3 and February 7. Dubai Real Estate This Week Among the highest-value...
Question: What are your thoughts on purchasing a property for Dh1 million ($272,260) with the expectation of reselling it for between Dh1.2 million and Dh1.5 million? A developer launching multiple properties in the same area would increase supply, making more units available. Why should I buy now? If the argument is that the same developer may raise prices to Dh1.5 million or Dh1.7 million in a few...
Starting next week, property buyers who opt for a mortgage will need to pay the Dubai Land Department (DLD) fee and the brokerage fee upfront. Real estate industry experts noted that banks had previously covered these costs—DLD’s four per cent fee and brokers’ two per cent commission—within the total mortgage. As of February 1, 2025, UAE banks will no longer finance the DLD fee and brokerage...
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