Business

Dubai’s residential market continued to record strong growth in the second quarter of 2024, with property values rising by 21.3 percent over the past year amid tightening supply as the ‘buy-to-stay’ trend grows, according to a global property consultant. Average residential price increased by 21.3 percent over the last 12 months with villas outperforming apartments. Villa sale prices have grown...

When considering purchasing or renting a property in Dubai, priorities locations that align with your lifestyle and future goals As the summer months draw to a close in the UAE, property prices in key markets such as Dubai often experience a dip due to seasonal demand shifts, expatriates being away on holiday, and developers’ targeted sales strategies. This creates valuable opportunities for...

Binghatti, the leading Dubai-based property brand launched the first project in Al Jaddaf this year, Binghatti Ghost. This highly anticipated development marks Binghatti’s comeback to the area driven by unprecedented demand from the market after a two-year hiatus. The new project will feature a total of 770 residential units. In addition to these sought-after living spaces, Binghatti Ghost will also...

Analysts are projecting sustained growth in the UAE real estate market, underpinned by robust demand across multiple sectors, a significant influx of new property developments, and the integration of advanced technologies. Their latest market analysis indicates a positive outlook for Dubai’s real estate sector in the 2024/2025 business season, with strong sales figures, increasing property values, and...

Dubai real estate continues to attract global investors as in the month of August alone, witnessing a 40% increase in sales value. The transaction volumes hit 36.9% tantamount to $12.9 billion. Dubai's real estate market has become a new safe haven for smart investors with long-term views, a senior official said. Kashif Ansari —-CEO and cofounder of Juwai IQI cited the latest report from UBS which...

Many tenants in Dubai are moving to Sharjah and northern emirates due to increases in rents, increased quality developments, and hybrid work arrangements that offer more locational flexibility to employees. This is the third cycle, akin to the previous two cycles of 2009 and 2014, where tenants are locating to northern emirates to beat rising rentals. Industry executives suggest that tenants can save...

There are no signs of a slowdown in the Dubai property market, as new launches, especially those by big developers, are still selling like hotcakes. Projects launched by reputed local developers that enjoy a good track record of delivering on-time and quality products are being sold within hours. In the meantime, new developers are joining the frenzy and managing to sell in weeks, if not days. The...

Dubai real estate transactions climbed to $12.9bn last month, Property Finder pinpoints the key trends driving  the market The Dubai real estate sector broke records again last month as the volume of sales of existing properties reached new heights as the entire market saw transactions worth AED47.2bn ($12.9bn), according to Property Finder’s market performance highlights for August...

The 725-metre skyscraper in Dubai is set to become the second tallest building globally, Azizi Development said Azizi Developments, a UAE-based private developer, has announced plans for Burj Azizi, a 725-metre skyscraper set to become the second tallest building globally. The project, located on Sheikh Zayed Road in Dubai, is scheduled for completion by 2028. The 131+ storey structure will launch...

Demand to buy bigger apartments and larger villas/townhouses is growing as more young families are switching to ownership and relocating to Dubai, data showed on Thursday. Most buyers were looking for two-bedroom apartments and four-bedroom or larger villas in August, according to the latest data released by Property Finder. Demand is mostly driven by residents switching to ownership to beat rising...