Demand for houses in Dubai continues to rise, pushing market prices higher, with a rapid increase in the number of properties valued at over $1 million, according to a new report. House prices in Dubai are now 19.9 per cent higher than they were a year ago and are projected to grow by another 8 per cent next year, according to Knight Frank's Dubai Residential Market Review report released on...
The Dubai real estate sector registered $1.7bn in transactions during a shorter week due to the Eid Al Etihad holidays. The Land Department reported AED6.28bn ($1.7bn) worth of transactions last week. Sales accounted for AED4.89bn ($1.3bn), according to Land Department data. A total of 1,922 sales transactions were recorded between December 2 and December 9. Dubai Real Estate This Week The...
A drop in sales of ready properties in Dubai has been balanced by significant growth in the off-plan property market. Dubai's Real Estate Boom Dubai's real estate sector recorded 14,479 transactions in November, marking a 19 per cent increase compared to November 2023, according to Property Finder data. The value of these transactions rose by 1.6 per cent, reaching AED43bn ($11.7bn). Trends...
Dubai property transactions grew by nearly 19 percent last month compared to November 2023. Cranes stand at a construction site in Dubai, with off-plan transactions showing a year-on-year value increase of around 30 percent. — Reuters file The off-plan segment continued to drive the Dubai real estate market in November 2024, with transaction volumes rising approximately 46 percent year-on-year,...
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