Recent reports highlight a landmark achievement in Dubai's real estate market, with property prices soaring to their highest ever, exceeding the peak seen in September 2014. The latest statistics reveal a significant rise in property prices in Dubai, with a notable 1.71% increase recorded in November, pushing the price to an all-time high of Dh 1,271 per square foot. The...
The population of Dubai is experiencing a significant increase, primarily driven by a growing demand for property. The residential property sector has been striving to meet the rising need for affordable housing, but it remains insufficient. According to industry leaders, the supply of properties is likely to lag behind the increasing demand into 2024. This is due to the...
According to recent news, the UAE (United Arab Emirates) intends to establish a national investment strategy aimed at strengthening its economy and outperforming its competitors in the market. Mohamed Al Suwaidi, the recently appointed , is in charge of the project. Last July, the UAE announced the appointment of Suwaidi to develop a workable plan nationally and...
The expansion of the Etihad Rail Link and the Dubai Metro are game-changing developments that will revolutionize real estate in the UAE. According to experts, this could be a major incentive for economic growth, which would raise demand for commercial and industrial properties in the coming years and boost residential unit supply. Read More: Dubai’s Stable Real Estate...
A slowdown in prices could have an impact on Dubai's property market, according to a new analysis. It will probably cool down next year (2024). According to forecasts released by S&P Global, the industry is expected to grow by 5–7% in the coming years. “Major market disruption is not something we expect,” analysts Sapna Jagtiani and Tatjana Lescova said in their...
The real estate sector in Dubai is growing day by day, and its stable real estate market is attracting Pakistani investors. “Dubai has always been an attractive place for Pakistanis to invest because of its strategic location and stability,” said Faisal Karim, Sales Director at DAMAC Properties. According to sources, Betterhomes' Dubai Residential Property Market Report, Q2...
The UAE has announced significant changes in its policy. The goals are to enhance housing, healthcare, and environmental sustainability. But the policy was announced at a recent cabinet meeting chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Read More: Mortgage financing increased 44% during the third...
Mortgage financing increased by up to 44% during the third quarter of this year, highlighting the strength of Dubai's real estate industry. According to a report by BetterHomes, the maturity of Dubai real estate is due to new buyers entering the market. It is reported that the percentage of buyers also increased from 45% to 52%. Additionally, 28,249 transactions took place in...
Residential rents have risen by up to 46% in popular areas across Dubai, driven by high demand from residents for luxury homes in the city, where developers offer ample space and comfort. This rent increase was found to be a 40% increase in the third quarter of this year compared to the same period last year. According to a report shared by Chestertons MENA, housing costs for...
