Dubai property prices

Dubai property prices on the rise as residents ‘buy to stay’ in UAE

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...

Dubai property prices surge 124% since 2020

After a 124 per cent increase since 2020, Dubai saw slight moderation in real estate price increase, slowing from 15.9 per cent growth in the first quarter to a decline of 0.3 per cent in the second quarter, according to an international property consultancy. Globally, Manila has topped the Knight Frank’s Prime Global Cities Index with an increase of 26 per cent. The index is a valuation-based data...

Dubai short-stay rents surge 50%, New Year will see another spike

Property investors and landlords in Dubai who had put their faith in short-term rentals have been amply rewarded all through December, with year-on-year rate increases even touching highs of 50 percent, according to market sources. A significant number of these bookings are for an entire week’s worth of stay, with apartment leases averaging Dh1,500-Dh2,500 a day depending on location, scale of demand,...

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