The Dubai property market recorded its highest transaction volumes in the past year. The apartment and villa markets saw a total of around 74K transactions including mortgage transactions, with Ready Sales accounting for 68% of all transactions. The lack of new supply in certain areas such as Palm Jumeirah and Downtown Dubai is contributing to the optimism in the Ready Sales market. Many investors...
In 2021, Dubai was named as the world's most desirable real estate market. It was also the fastest-growing region in terms of prime price performance. The city's various economic support measures and the availability of visas helped drive the price growth. The government of the UAE has recently launched a new visa program aimed at attracting more wealthy individuals to the country. It will provide...
The real estate market in Dubai is expected to continue its rapid growth this year. We at Christie's International Real Estate Dubai believe that the number of transactions will surpass record levels. The following factors will help boost the demand for housing: A Stable EconomyFavorable Tax PoliciesLow Mortgage RatesHigh Interest from Foreign BuyersHigh Volume of Properties Stock Despite the...
The value of real estate transactions in the week ending August 19 was around AED10.3 billion. The sum of transactions was 3,149. Sales Transactions: AED 6.48BMortgage Transactions: AED 3.72BBest Performing Day: Aug.16th, 2022 - 697 properties worth AED 3.27B Al Hebiah Fifth had the most number of transactions with 173 sales worth over AED475 million. Second was Jabal Ali First with 70 sales worth...
According to the statistics released by the Land Department of Dubai, there were 2,814 real estate transactions that were conducted during the week ended August 12, 2022. Sales Transactions: AED 4.74BMortgage Transactions: AED 4.65BBest Performing Day: Aug.10th, 2022 - 432 properties worth AED 2.62B A total of 329 plots were sold at a price of around AED1.64 billion, while 1,567 villas and...
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...
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...
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...