With economic conditions suggesting turmoil in real estate markets across most of the world, the situation is completely different in Dubai real estate market. Following the legacy set by 2021, the current year has experienced a hefty increase in the prices of properties in Dubai along with a significant spike in demand. The picture painted by the official data released by Dubai Land Department (DLD)...
properties in dubai
Dubai real estate sector lies at the centre of growth and economic development of the UAE. Seeing the previous and current year’s numbers of transactions, the growth is proven. As per the Dubai Land Department (DLD), more than 43,000 properties were sold, worth $31.3 billion, in the first half of 2022. And according to a report by Bloomberg, prices of properties for sale in Dubai have risen by 89 per...
Palm Jumeirah, an iconic development, is known worldwide as a symbol of Dubai’s growth, ambition and evolution. The development is shaped like a date palm and stretches out into the Arabian Gulf. Planned and developed by Nakheel, Palm Jumeirah is the world’s largest man-made island and one of the fastest growing residential, tourism and leisure destination. From a tourism perspective, the island is...
According to a recent estimate, Dubai's top residential market would have a robust double-digit price rise and take the lead among all markets in 2023. According to Knight Frank's 2023 Prime Predictions, prices in prime residential areas, which include the neighbourhoods of Al Furjan, Palm Jumeirah, Jumeirah Bay Island and Emirates Hills are expected to rise by 13.5% in 2023. This will be the strongest...
With its headquarters in Dubai, arguably the new world's capital of luxury, Sobha Realty offers an exquisite and uncommon selection of prized real estate in some of the most sought-after locations. The company provides unparalleled experiences for those who seek the best, including an eclectic blend of royalty and contemporary czars. These developments set the standard for the world's most luxurious real...
During the football spectacle and the whole soccer extravaganza, people have chosen to stay in the Golden Emirate rather than Doha and the reasons can be many but a few apparent ones are less desirable recreational activities and tourism facilities in Qatar. The FIFA World Cup 2022 host country is reputed to be conservative regarding attire, drinking habits, and hotel availability. As a result, hordes...
With Dubai real estate sector flourishing well, a question arises whether it’s time to continue renting or high time to buy. If statistics are to be believed then it is true that numerous opportunities are out there for investors and developers alike. Upon fractional analysis of recent Dubai real estate market transactions, we can see a large number of cash-based transactions. However, we can also see a...
Dubai’s rental market is one of the strongest real estate section as a majority of expatriates first start their journey with rental properties in Dubai. It is a common practice in Dubai to fix rent for a year and increase it by the start of the next rental index renewal period. Therefore, before the start of every rent period the most important question asked by tenants is; how much can a landlord...
Arada, Sharjah’s renowned master developer, has entered Dubai real estate with its first launch at Jumeirah Golf Estates (JGE), as it capitalises on the high demand for luxury properties in Dubai. The first revelations of the project unveiled that it will be a fine selection of luxury villas and townhouses in the heart of one of the most sought-after addresses in the Emirate. After that, the developer...
Cityscape is the MENA’s largest and one of the most influential real estate events that connect potential investors, property buyers and industry professionals exhibiting a range of real estate projects. The 22nd edition of Cityscape Dubai was officially opened on November 21, by His Excellency Dawoud Abdul Rahman Al Hajri, Director General of Dubai Municipality. The real estate exhibition is held at...