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...
The Endowments and Minors’ Trust Foundation in Dubai (AWQAF) has announced the development of 21 endowment real estate projects valued at over Dh202 million. These projects include malls, residential buildings, shops, and mosques, which are currently at various stages of design and implementation. The endowment real estate projects encompass a range of purposes, including educational and humanitarian...
Dubai’s regulatory authority imposed fine of Dh50,000 each to 30 real estate companies for failing to comply with the terms and conditions specified in real estate advertisements. The Real Estate Regulatory Agency (Rera), the regulatory arm of the Dubai Land Department (DLD), established terms and conditions to govern advertisements and curb negative practices within the industry. The authority asked...
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