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The commercial real estate sector in the UAE saw a surge in demand for rental space in the second quarter of 2023, reaching its highest level since 2014. The Royal Institution of Chartered Surveyors reported a net increase in user demand of 56 percent for the period April to June, with all three sub-sectors recording strong demand. The industrial sector recorded the highest demand and reached its highest...
Dubai's real estate market is flourishing: Dubai lures investors with lucrative yields and rising OFF-PLAN transactions Dubai and Abu Dhabi have seen a remarkable increase in off-plan real estate transactions, pushing the UAE real estate market to new heights. The increasing confidence of investors in these cities is the reason for this boom. According to research at JLL MENA, the growth in off-plan...
In the period from January to June, the Dubai real estate market recorded 176 sales of high-end properties worth more than USD 10 million. A recent market report reveals some of the spectacular deals that made headlines. Dubai set a groundbreaking record in 2023 and dominated the global luxury real estate market. In just six months, USD 850 million was transacted in high-quality residential properties...
The emirate of Ras Al Khaimah is preparing to open the first legal casino in the UAE in 2027. To boost its real estate sector and compete with Dubai, the emirate is focusing on developing luxury properties and major projects to attract wealthy individuals from around the world. The casino, which will be the largest in the world with an area of 18,500 square meters, is part of a spacious resort by Wynn...
The property developer "DHG Properties" has just announced the launch of its first project in the United Arab Emirates: "Helvetia Residences". The developer is ready to start OFF-plan sales in September 2023. This news comes amid rising demand for real estate in Dubai. As reported in Bayut's Dubai Property Market Report for the first half of 2023, rents in Dubai have skyrocketed with a staggering 70...
Find out which cities are most at risk of a real estate bubble and discover the latest trends in Dubai's housing market with the UBS Global Real Estate Index As one of the leading real estate companies in Dubai, we closely monitor the global urban housing markets to provide you with the latest information on a potential upcoming real estate bubble. The UBS Global Real Estate Bubble Index is a valuable...
