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Prices rose by an average of 18%. The market is considered one of the world's most robust and attractive residential investment destinations and is characterized by record sales. According to the Betterhomes report, residential real estate transactions reached 120,742 in the year, up 38% from 2022, with pre-sale properties accounting for over half. Average prices rose by an estimated 18% throughout the...
Arabian Business" magazine was granted an exclusive look inside one of Kempinski's 48 Neptune Villas. The Floating Palace has been attracting worldwide attention for years. The luxury hotel, 48 deluxe villas worth AED1.6 billion and an exclusive restaurant are built on the water. The main building with its glass pyramid is divided into four sections. In addition to 150 guest rooms and suites, the hotel...
The Market Insights report from the leading real estate agency offers insights from 2023 and highlights trends for 2024. Despite the completion of 60,000 units, demand is outstripping supply due to rapid population growth. Surprisingly, villas accounted for only 1 percent of off-plan transactions. Certain areas, including Tilal Al Ghaf, Jumeirah Islands, Dubai Harbour and Dubai Hills Estate, have seen...
Dubai's luxury real estate - record sales surpass Dubai London and New York. Over the year as a whole, sales rose by 91%, with 28% occurring in the final quarter. The super prime market (> 25 million $) also recorded an increase. In the first nine months, twice as many properties were sold as in New York. The top buyers came from the UK, China, the UAE and India. Palm Jumeirah was the preferred location...
