On May 29, 2024, Dubai's real estate market witnessed total transactions amounting to AED 1,719,840,549.35. Palm Jumeirah top destination for properties sold for more than $10m.
The project features 10,000 residential units, 1,500 hotel rooms, gardens, pedestrian streets, a rooftop waterpark, and AI-enhanced retail. In Q1, Abu Dhabi rents rose 14.7% and Dubai 10.5%.
Abu Dhabi and Dubai ‘see supply imbalance in rental market’. Dubai's Off-Plan market will continue to flourish with record surge in 2024. Rent renewals grew 12% year-on-year in Q1 2024.
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.
