According to CAPA Centre for Aviation, Dubai International Airport has regained its title as the world's busiest international airport based on the number of passengers and seats it has available. The airport handled more than 4 million passengers in July 2022. This represents a 28% increase from the previous month. The report noted that Dubai International Airport handled more passengers than Heathrow...
According to a study conducted by Premier Inn, Dubai has emerged as the world's most popular city break destination. The study was conducted after over 21 countries visited Dubai. It identified the city as a must-visit for those looking to experience the "luxuriate" lifestyle of the region. The study noted that holidaymakers are eager to visit the United Arab Emirates. Out of the 136 countries that...
According to the data released by Dubai Land Department, a total of 2,384 residential transactions were conducted in the Dubai real estate market during the week ending July 22nd, 2022. Sales Transactions: AED 5.12BMortgage Transactions: AED 5.06BBest Performing Day: July 18th, 2022 - 557properites worth AED 5.65B The rapid growth of the property market in Dubai over the past 6 months has been...
The total amount of real estate deals closed in Dubai in H1 2022 has surged to AED114.6 billion (USD31.20 billion) with sales transaction volumes reaching an all-time high of 43,020. The steady increase in the prices and volumes of real estate transactions in Dubai during the first and second quarter of 2022 is expected to continue to be a great sign for Dubai’s property sector. The property...
According to the data released by Dubai Land Department, a total of 2,365 residential transactions were conducted during the week ended July 1st, 2022 worth ($2.69B) AED9.9Billion. Sales Transactions: AED 5.86BMortgage Transactions: AED 4.36BBest Performing Day: June 27th, 2022Top Performing Location: Burj Khalifa, 276 properites worth AED 645.55M A total of 379 plots were sold at a price of around...
Downtown Dubai is one of Emaar's flagship developments. It features a variety of luxury apartments and restaurants, as well as a vast entertainment and dining area. It is located along Sheikh Zayed Road, which is just across from Al Wasl and Business Bay. Also, it features some of the city's most prominent landmarks, such as the world's tallest building Burj Khalifa, the Dubai Mall, and the Dancing...
The residential real estate market in Dubai is experiencing highs in rents and transactions. From January to May 2022, there were 30,900 residential transactions in Dubai, which is the highest figure since 2009. The number of transactions in May was 6,720 worth AED18.3B, an increase of 53.2% compared to May 2021. The performance of the market during the first five months of this year has been...
In a time when wealth inequality is on the rise, it shouldn't come as a surprise that many people are looking into moving their assets abroad. Due to its proximity to various continents, such as Asia, Europe, and Africa, Dubai real estate has become an ideal alternative to diversify into. It's also a great place for people with a high level of wealth. As the country's economy continues to grow, it has...