The market is expected to grow by 15% in 2024. Dubai property prices surge 124% since 2020. Dubai’s short-term rentals surge 30%.
The total real estate transactions in Dubai for Week 34 reached AED 8.6 billion. However, down 6.8% from last week's numbers. Off-Plan contributed 69.2% and Ready contributed 30.8% of the total value.
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DLD launched the ‘6005AQARI’ platform in partnership with ‘Injaz’ Real Estate. TECOM Group invests AED 340 million in Dubai Internet City. Short-term rentals yield 30% higher returns.
Analysts warn that a potential oversupply of housing by 2025-2026 could slow the market's momentum. Dubai South Properties reports 90% completion of The Pulse Beachfront.
On August 20, 2024, Dubai's real estate market recorded a total transaction value of AED 1,970,202,858. Dubai real estate market sees record Dh650 million land sale. Now, buy property in minutes.
Dubai real estate sector recorded $3.6bn of transactions last week. Tokenisation to spur next growth phase of Dubai’s real estate sector. Meteor buys Dubai real estate crowdfunding platform.
The total real estate transactions in Dubai for Week 33 reached an impressive AED 9.2 billion. Up 7.8% from last week's numbers. Off-Plan contributed 70.73% and Ready contributed 29.27% of the value.
