The Dubai real estate sector recorded transactions worth AED16.55bn ($4.5bn) last week, as per Land Department data. Sales accounted for AED9.29bn ($2.5bn) of the total, with 3,161 sales transactions recorded between November 18 and November 22. High-value sales included: An apartment in the Dorchester Collection sold for AED91.35m ($24.9m). Two offices in Enara by Omniyat sold for AED83.8m...
Dubai’s real estate market has recorded over 188,000 transactions, exceeding AED 625bn ($170.2bn) in value this year, according to Dubai Land Department (DLD) data. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of Dubai’s Executive Council, reviewed the operations of the DLD. He also assessed progress toward the...
Dubai's rise as a leading global property market is driving up prices, prompting increased interest in real estate investment trusts (REITs) and fractional ownership apps requiring payments as low as $136. While property ownership remains the simplest way to enter the market, 17 consecutive quarters of price increases have made this option less accessible. Emaar Properties PJSC has nearly quintupled...
Dubai’s residential real estate market has set new records, with total sales surpassing Dh50 billion for the first time, data revealed on Thursday. Engel & Völkers Middle East’s latest report shows sales transactions reached 19,605, marking an 80% year-on-year growth. This surge was led by the off-plan segment, which jumped 117% year-on-year, while secondary market sales rose by 33% amid...
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