2024

The first quarter of 2024 has marked another milestone for the real estate market in Dubai. With a total number of 36,506 real estate transactions, the market recorded a remarkable increase of 17.5% compared to the same quarter of the previous year. A look at the individual segments reveals interesting developments: While apartment sales increased by 24.7% year-on-year, reaching a total sales value of an...

Six Senses Residences Dubai Marina is being developed as part of IHG Hotels & Resorts' luxury and lifestyle portfolio in partnership with Select Group. The project aims to redefine healthy living from the ground up and comprises 251 residences with a wide range of 2-, 3- and 4-bedroom apartments through to penthouses and sky-scrapers. The property will be the world's tallest residential tower when it...

The real estate market in Dubai continues to flourish, with increasing demand for luxury properties leading to significant growth, according to a recent report. The latest results from ValuStrat, published in February 2024, show a robust 23.1 percent annual increase in the Dubai Residential Capital Values Price Index (CPI) to 164.1 points, with a monthly increase of 2.1 percent. This remarkable increase...

The dynamic landscape of the Dubai real estate market offers investors numerous opportunities. With rising property prices and unprecedented growth, the appeal of off-plan real estate is luring those looking to maximize their returns. We look at why investors should consider this route to take advantage of the full potential of Dubai's real estate market. Riding the wave: Off-plan real estate in...

Experts say that now is the best time to buy real estate in the region. They are experiencing "high demand" for real estate in the region from locals, expatriates and also investors from various countries. The real estate market in the region is currently attracting strong investor interest, according to industry experts. The region, which is undergoing a "massive transformation", has "huge potential" for...

The major players in the real estate sector are coming out with enticing offers to attract buyers during Ramadan. Leading developers are offering discounts of up to 15% on payment plans and reducing Dubai development fees (DLD) to boost sales during this traditionally slower period for home purchases. Danube is reportedly offering free full furnishings and a 2% discount on DLD fees, while Tiger Properties...

Golden Visa: Dubai real estate investors will find it easier to obtain the UAE Golden Visa, according to real estate experts. The recent changes to the rules for UAE Golden Visa status are considered a "game changer" for Dubai real estate investors. These changes apply to new investors seeking a Golden Visa in the UAE. The eligibility criteria for the new visa status for real estate investors have been...

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...