What Dubai off-plan property prices’ summer cool off suggests. Italians in third place for real estate investments in Dubai. Apartment in Dubai’s ‘One Canal’ project sells for $16.3 million.
Dubai's upcoming Tiger Sky Tower, set for completion in 2029. Secondary market sales topped $20.8bn in H1, transaction volumes rising 17.8% and values up 23.1% to AED 76.34 billion.
The total real estate transactions in Dubai for Week 37 reached AED 8.14 billion, up 5.9% from last week's numbers. Off-Plan contributed 63.94% and Ready contributed 36.0% of the total value.
Danube Properties will launch two 100+ level towers in Business Bay. The global real estate market reached USD 28.9 trillion in 2023 and is expected to grow to USD 48.9 trillion by 2031.
Listings fell 22.8%, reflecting growing demand for homes as primary or holiday residences. Abu Dhabi's commercial real estate market is booming. Villa prices rising 24.3% in 2024.
Dubai South Properties awarded a $40.84 million contract to Al Turath Al Aseel for the construction of South Living Tower. Dubai real estate market hits new heights in August 2024.
Over 93,000 units were launched in 2023, setting a record. Prices up 18% year-over-year, reaching AED 1,431 per square foot. Binghatti launched its AED 4 billion Binghatti Ghost project in Al Jaddaf.
The total real estate transactions in Dubai for Week 36 reached AED 7.7 billion, down 10.6% from week 34 numbers. Off-Plan contributed 60.8% and Ready contributed 39.2% of the total value.
Property Finder reveals rental spikes and ownership trends from August. In August, 59% of buyers sought apartments, while 41% preferred villas. RAK property boom sees apartment capital value up 35%.
Dubai's property market saw a 38% sales rise in early 2024. The 725-metre skyscraper in Dubai set to become the second tallest building globally. AED 1.75 billion new luxury project in Meydan.
Dubai's rental market consistently yields above 7%. Dubai property sales till August almost catch up with all of 2023. DAMAC Properties expands into Ras Al Khaimah.
Land transactions in August 2024 was 37.12% of the total transactions. The market saw a decrease of approximately AED 4.2 billion from July 2024 to August 2024, and up AED 10.8 billion over Aug. 2023.
