Dubai Real Estate Market Review 12-Dec-2024
Dubai’s prime property market recorded 24 transactions above AED 30M in November 2024. Knight Frank predicts Dubai property values will rise 8% market-wide and 5% for high-end homes in 2025.
Bonyan REIT divests Dubai property, posts $74mln in proceeds
Saudi Arabia’s Bonyan REIT sold a Dubai property for SAR 279.9M ($74.5M), generating SAR 54.9M in rental income since acquisition. Proceeds will partially prepay a Shariah-compliant loan. Established in 2018, the REIT focuses on income-generating real estate investments.
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