Nakheel

High-net-worth individuals from around the world are expected to invest more than Dh16 billion ($4.4 billion) in Dubai's property market in 2024, as the emirate emerges as the most preferred destination for investors. According to global real estate consultancy Knight Frank, HNWI's investment appetite draws them to Abu Dhabi and Sharjah after Dubai. Dubai property market has been on the radar of...

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,...

Dubai and Abu Dhabi saw property price gains in the opening months of 2024 The UAE real estate market continues to thrive with Dubai and Abu Dhabi both recording sales price and rent increases, according to CBRE Middle East’s Residential Market Review for the first quarter of 2024. Dubai villas saw the sharpest increase in sales prices with average prices climbing more than 22 percent year-on-year....

The occupier market in Dubai and Abu Dhabi recorded strong levels of activity in the first quarter, propelled by demand due to an increase in new rental registrations. In Dubai, occupier activity remained robust over the first quarter. Data from the Dubai Land Department revealed that the total number of rental registrations reached 46,850 registering an increase of 35.8 per cent compared to the previous...

Short-term rentals could prove a popular option for visitors to Dubai during summer months, Dubai short-term rentals could thrive in the summer, according to accommodation management firm Frank Porter. A range of tourism initiatives in Dubai and rising prices in European resorts make a visit to the UAE an attractive option for business and leisure travelers. Short-term let accommodation is set to enjoy...

Some developers in Dubai are offering and paying for multiple Golden Visas to investors and their family members in order to attract high-net-worth individual buyers. Investors and end-users buying property worth Dh2 million or above are eligible for the 10-year residency programme in the UAE. Damac Properties, the largest private developer in Dubai, has been offering three Golden Visas to buyers of...

Overall residential units sold in Dubai have almost reached the total numbers of 2023, data showed on Monday. According to Emirates NBD’s Residential Market Monthly, total residential units sold year to date (YTD) have reached 104,250, only 14,000 units short of the total transactions recorded in 2023. “We anticipate activity levels to remain relatively stable for the remainder of the year,...

Short-term rentals are emerging as a major second income for UAE residents as they are high in demand and offer much higher returns. Industry executives say that many first-time property owners are listing their properties for short-term rentals to earn a second income. Similar to other sectors, the short-term rental market also took a hit during the coronavirus pandemic in 2020 but recovered sharply...

For UAE residents, rents are one of the biggest costs that they bear every month. For some of the residents, it accounts for the highest expense of their monthly or yearly budgets. Rents have been consistently on the rise across the UAE over the past three years due to the massive influx of foreign workers into the country as the economy expanded at a strong pace. In the last quarter of 2023,...

Dubai’s real estate market stands out as a lucrative investment destination, offering a range of benefits for investors. Its performance and rebound since the pandemic has put it among the top global performers in the real estate prime residential assets class. Dubai recorded its strongest ever performance with 1.6 million transactions (from sale-purchase to lease-rental agreements), with 166,000...