Property rentals set to surge 18% in 2025. The Dubai real estate sector recorded AED16.92bn of transactions last week. Dubai’s 2024 real estate deals surpass $100bln. Rental prices rose 13.5% in 2024.
Land transactions in Oct. 2024 was 37.5% of the total transactions. The market saw an increase of approximately AED16.8 billion from Sep 2024 to Oct. 2024, and up AED 20 billion over Oct. 2023.
Dubai's real estate transformed from 2000 to 2024 through booms, crises, and resilient recovery. Key phases include Expo 2020 and post-pandemic growth. Today, the focus is on sustainability.
Individuals offering short-term rentals with a license must register for corporate tax. Dubai retail space occupancy is 97%. Dubai luxury project launches likely to decline in 2025.
Property speculation is stable at 20%. Dubai’s land prices soar amid off-plan boom. 'Binghatti Skyrise' in Business Bay, 3,333 luxury residential units. The Cliffs, a $1.1 billion project.
Dubai approves 2025-27 budget with $74bln in expenditures. Dubai's Real Estate Strategy 2033 aims to double the sector's GDP contribution. Dubai's Real Estate ROI surge.
Rents, property prices could decline after 18 months. Is Dubai's Residential Real Estate Market Heading For Correction? Why are more people selling off-plan properties a year ahead of completion?
The total real estate transactions in Dubai for Week 43 reached AED 8.42 billion, a 18.3% drop from the previous week. Off-plan contributed 59% and Ready properties contributed 41%.
Dubai experienced the strongest ultra-luxury real estate growth, driven by affordability and lifestyle. London and New York remained resilient amid challenges like rising interest rates.
Dubai real estate market shifts towards affordable property. UAE smart home market will see its revenue crossing $76 million this year, and expanding to $114 million by 2028.
Residential values rose 28.9% annually, with villas doubling since 2020. Dubai realty shows increasing signs of maturity. Hammock Park, set for completion in Q1 2027.
Dubai average property prices jump 20% in a year. Abu Dhabi saw a 40% drop in residential transactions but rising prices. Dubai faces shortage of 10,000 villas as demand outpaces supply.
