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.
Dubai's property market hit a record 18,038 transactions in September 2024. Dubai's real estate sector will deliver 90,000 new homes by 2026. Warehouse rents up 13%.
The total real estate transactions in Dubai for Week 42 reached AED 10.34 billion, a 5.5% increase from the previous week. Off-plan contributed 57.5% and Ready properties contributed 42.5%.
Top neighborhoods like Downtown Dubai, Palm Jumeirah, Dubai Marina, Emirates Hills, and Jumeirah Bay Island provide high-end properties with great potential for rental yields and capital gains.
More Dubai property buyers opt for mortgage over cash. Dubai population to hit 4 million by 2026. Luxury villa prices in Abu Dhabi increased up to 5% in Q3 2024. Saudi’s KAFD to raise $700mln.
A Jumeirah Bay Island apartment sold for nearly AED 17,000 per square foot. Properties below AED 1 million dropped from 46% of transactions in 2018 to 29% in 2024.
Dubai real estate demand expected to spike. Dubai real estate tax rules in focus. Transactions over Dh15 million increased by 65% in Q3. Ohana to develop branded residence project in Abu Dhabi.
Can Dubai's infrastructure support more expats? Nakheel announces Bay Grove Residences. DLD launches Dubai Market Intelligence Dashboard. Dubai real estate shifts to mixed-use developments.
The total real estate transactions in Dubai for Week 41 reached AED 9.77 billion. Off-Plan contributed AED 6.27 billion (64.2%) and Ready contributed AED 3.5 billion (35.8%) of the total value.
