Last week, Dubai's real estate market witnessed a total transaction value of AED 8,660,182,031, a 19.73% growth over the previous week's value.
Dubai recorded a 35.8% increase in rental registrations, while Abu Dhabi saw a 9.1% rise. To buy a $1 million property in Dubai, a Dh50,000 monthly salary is ideal.
A Knight Frank survey revealed that 20% of HNWIs globally are willing to invest over $60 million in Dubai homes, with an average budget of $46.8 million for personal use.
Dubai home prices to reach ‘record highs’ in 2024; villas to mark strong capital gains. Data reveals true cause of rising rents. 15 Dubai areas where millionaires are buying homes.
Residential property values hit new peaks in April. Empty properties can command up to 50% higher rents than occupied ones. Rents expected to rise by 20% in prime areas this year.
In the 20th week of 2024, the Dubai real estate market registered transactions totaling AED7,233,392,013, marking a 9.8% decline from the previous week's AED8,021,806,588.
New property units in Dubai are12.5% smaller than older one. Off-plan properties see premiums up to 80% in some areas. Prices hit record highs, with April 2024 prices 72.1% higher than April 2009.
UAE rubbishes 'Dubai Unlocked' real estate report claims based on 'data leak'. Bayut reduced its inventory by over 26% by removing inaccurate listings. Dubai property sales prices and rent up over 20%
Emaar launched 10 projects in Q1 2024 and has a sales backlog of Dh65.7 billion. Dubai tops global foreign direct investment rankings. Drake & Scull raises Dh450m from new shares issue.
Property prices rise for 15th consecutive quarter, affordable segment leads. Dubai Commercial Property Booms as Economy Gathers Steam. Over 30,000 residential units to be delivered by year’s end.
In the 19th week of 2024, the Dubai real estate market registered transactions totaling AED8,021,806,588, marking a 9% decline from the previous week's AED8,811,892,603.
$3.2bn gigafactory to trigger massive real estate demand, job creation in RAK. Dubai residents stop renting, start buying as mortgage payments start to ‘match’ rental costs.
