Older buildings may see rents drop, while newer, premium properties could rise by 5-15%. Dubai's real estate revenue surged 20.6% in 2024 to Dhs20.9 billion. Affordable areas saw rents surge up to 48%
Burj Khalifa achieved $2.4bn in home sales and 76% of units valued at over $1m. Affordable areas yield up to 11% in 2024. The UAE's real estate sector recorded AED893 billion in transactions.
In 2024, the Dubai real estate market has shown significant transactions totaling AED 665.4 billion. , a significant 20% increase from AED 554.95 billion in 2023.
Dubai Marina offers luxury waterfront living with prime location, vibrant amenities, and a cosmopolitan lifestyle, but faces challenges like traffic, high costs, and limited green spaces.
Landlords must improve property ratings to hike rents. Dubai property market likely to keep flourishing in 2025. Dubai's new rental index introduces a building rating system (1-5 stars).
Dubai's new Rental Index can remove sudden hikes by landlords. Non-oil sectors account for 75% of UAE GDP. Commercial properties rents up 15% in a year and occupancy to 90-95%.
The total real estate transactions in Dubai for Week 52 reached AED 7.46 billion. Down 20.6%. Off-plan was 59.5% or AED 4.44 billion and Ready properties contributed 40.5% or AED AED3.02 billion.
Foreigners can purchase property in Dubai's designated freehold areas. The process involves legal requirements, fees, and potential residency visas. Consult official sources for detailed guidelines.
Ras Al Khaimah’s real estate market has surged by 70% since 2020. Real Estate Factors That Make Dubai More Attractive Than Global Cities. Saudi real estate market is currently valued at $70 billion.
Merry Christmas! Yesterday was a slow day for news in Dubai. Below is a summary of the day and the transaction analysis.
Rents in Ajman nearly double as more residents move in. Dubai plans to simplify real estate tokenization. Thuraya Telecommunications Tower was acquired for AED 160 million.
Luxury apartment 'shortage' fuels sharp increase in rental prices. High Demand For 1, 2-Bedroom Apartments Amid Rising Rents. With 120,000 units under construction, rentals in remote areas may soften.
