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According to the Dubai Land Department (DLD), Dubai's real estate sector recorded one of its most impressive weeks with 4,048 transactions worth over AED 15.624 billion. This corresponds to around 4.3 billion US dollars. On closer inspection, the transactions are divided into land transactions, apartment transactions and villa transactions, each with very different parameters. Of these transactions, 278...
Investors in the long-awaited Palm Jebel Ali are expected to hit the jackpot as the luxury residential properties on the island are set to generate an impressive 85 percent return on investment over a five-year period - the highest return among recently launched real estate projects in Dubai. Even in the short term, investors in the project can expect a minimum return of 25 percent in the first year after...
Dubai's real estate sector recorded AED 12.6 billion ($3.4 billion) worth of real estate transactions this week, according to Land Department data. There were a total of 3,625 real estate transactions in the week ending June 16. According to data from the Ministry of Land, 189 plots of land were sold for AED 2.28 billion ($621 million) and 2,753 apartments and villas for AED 7.01 billion ($1.9...
The real estate market in Dubai experienced a remarkable upswing in May: real estate transactions rose by an impressive 87% compared to the previous year. This surge in demand is attributed to the robust economic growth in Dubai. According to a report by Property Finder, the total value of property transactions reached Dh34 billion ($9.3 billion) last month, compared to Dh26.5 billion in May 2022. The...
Exciting news from Dubai! His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, has given his approval to the innovative master plan for Palm Jebel Ali. This visionary project spans an impressive 13.4 square kilometers, twice the size of Palm Jumeirah, and promises to redefine waterfront living. Palm Jebel Ali will offer an...
The Dubai real estate market will experience unprecedented price growth by the end of 2023, outperforming major cities such as Miami and Paris, according to the "Dubai Property Market Forecast for 2023" report by sustainable real estate developer Färm Properties. The rise in prices is directly linked to the increase in sales volume, with Dubai set to see a significant 75 percent year-on-year growth in...
