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,...
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,...
Dubai: For many expats, owning a home is a long-term goal, and a mark of financial stability, to which many assume huge amounts need to be saved/invested for years. However for UAE residents, it might actually be better – and cheaper – to buy instead of renting. Paying Dh6,000 for 20 years in rent sums up to around Dh1.4 million – this is without accounting for inevitable rental increases. In the...
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