Record-breaking growth

Dubai rents rise by up to 15% after rental index update

Rents in Dubai have increased up to 15 percent since the Real Estate Regulatory Authority (Rera) Rental Index was updated earlier in March this year. “The Rera rental index was updated earlier this year to reflect rental increases, with most districts seeing increases in the range of 8 to 15 percent. We have seen a higher number of renewals compared to new leases as tenants look at renewing in...

Dubai real estate market achieves record-breaking 73% surge in off-plan buyers

Dubai off-plan sales accounted for 63% of total transactions in Q1, a new report reveals. Dubai’s residential real estate market witnessed record-breaking growth in the first quarter of 2024, driven by a substantial surge in off-plan property sales, according to a new report by Savills. Off-plan sales skyrocketed 73 percent quarter-on-quarter, accounting for 63 percent of total transactions in Q1,...

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