Dubai Property Price Trends in 2024

Dubai Property Price Trends in 2024

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...

UAE’s Latest Housing Policy Allows Citizens to Resell homes, Transfer Mortgages

UAE’s Latest Housing Policy Allows Citizens to Resell homes, Transfer Mortgages

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 44% during the third quarter

Mortgage financing increased 44% during the third quarter

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 rise by 46% in popular areas of Dubai

Residential rents rise by 46% in popular areas of Dubai

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...

Top Benefits of Buying Property in Dubai

Top Benefits of Buying Property in Dubai

Dubai has emerged as a top destination for real estate investments. Dubai's wealth is largely influenced by its strategic location midway between East and West. The desert city is now a sparkling downtown designed with smart infrastructure, contemporary architecture, luxurious housing projects, and commercial areas. As per the experts, Dubai's real estate sector is expected to...