Merry Christmas! Yesterday was a slow day for news in Dubai. Below is a summary of the day and the transaction analysis.
Rents in Ajman nearly double as more residents move in. Dubai plans to simplify real estate tokenization. Thuraya Telecommunications Tower was acquired for AED 160 million.
Luxury apartment 'shortage' fuels sharp increase in rental prices. High Demand For 1, 2-Bedroom Apartments Amid Rising Rents. With 120,000 units under construction, rentals in remote areas may soften.
The total real estate transactions in Dubai for Week 51 reached AED 9.44 billion. Up 8.5%. Off-plan contributed 51.3% or AED 4.84 billion and Ready properties contributed 48.7% or AED AED4.59 billion.
The UAE has implemented significant legal reforms since 2004, modernizing economic, labor, social, and judicial policies to attract global investment, enhance rights, and promote sustainability.
Insurance premiums for Dh1 million coverage cost Dh1,200–Dh2,000 annually for healthy borrowers. $5.6bln Dubai Metro Blue Line set to open on 09-09-2029. Landlords can increase rent by maximum of 20%.
Real estate project marked 'under cancellation' after 19-year wait. UAE economy to be ‘star performer’ in the region. 9-Bedroom 'Dream' Mansion Sold For Dh200 Million.
Homes under Dh1M making up 32.2% of sales in November. AI-Powered Tools Are Reshaping Real Estate Investments in UAE. Can buyers get refund if project gets 'cancelled'?
Knight Frank’s Q3 2024 report shows Dubai recorded a 40% decline after a boom. Tenants in older buildings may be able to negotiate rentals with landlords.
The total real estate transactions in Dubai for Week 50 reached AED 8.68 billion. Off-plan contributed 52% or AED 4.49 billion and Ready properties contributed 48% or AED 4.19 billion.
Dubai Marina offers a vibrant waterfront lifestyle with luxury amenities, diverse housing options, and a bustling cosmopolitan atmosphere.
Dubai developer delivers residential projects in JVC with total of 2,062 units. Dubai property firm awards $199mn contract for JLT office tower. AED10 billion worth of properties sold in 10 hours.
