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.
Binghatti Properties plans to build 12,000 homes in Dubai. MERED has begun constructing the 286.4-meter ICONIC Tower in Dubai Internet City. Arabian Ranches vs Al Barari.
The GCC real estate sector is set for continued growth in H2 2024. Aldar Properties is investing AED1 billion to expand its logistics real estate in Dubai and Abu Dhabi.
How to get an Airbnb license. Emirates REIT reported a narrowed H1 2024 loss of $1.5 million. Alef Group announces 90% unit sales at Arim. Emirati women invested Dhs9.2b in Sharjah real estate.
The market is expected to grow by 15% in 2024. Dubai property prices surge 124% since 2020. Dubai’s short-term rentals surge 30%.
The total real estate transactions in Dubai for Week 34 reached AED 8.6 billion. However, down 6.8% from last week's numbers. Off-Plan contributed 69.2% and Ready contributed 30.8% of the total value.
A Comprehensive Guide
DLD launched the ‘6005AQARI’ platform in partnership with ‘Injaz’ Real Estate. TECOM Group invests AED 340 million in Dubai Internet City. Short-term rentals yield 30% higher returns.
