Despite a depressed secondary real estate market in Dubai, off-the-plan properties continue to sell like hot cakes.
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Value of luxury Dubai property deals jumps by 25% in Q1
Luxhabitat Sotherby’s boss sees ‘massive shift of wealth’ that has triggered an exponential increase in real estate transactions …
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Now You Can Buy Property in Dubai with Dogecoin!
A Dubai developer announced on Wednesday it plans to begin accepting Dogecoin as a payment option for its latest project launch, despite recent turbulen …
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Corporate foreign ownership law amendment to boost UAE economy
The 100 percent foreign ownership law is expected to provide a massive boost for commercial space demand in Dubai and Abu Dhabi and business confidence, supporting post-Covid economic recovery …
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Office markets in Dubai, Abu Dhabi ‘remain tenant friendly’
The prime office markets in the UAE remained tenant favourable in the first quarter with the average rents across Dubai seen at just over AED200 per sq ft, thus hitting their lowest level since Q3 …
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Morgan Stanley Sees Dubai Property Rally Lasting for Years
The rally in Dubai’s residential property prices isn’t stopping anytime soon, according to Morgan Stanley. “Robust demand, peaking supply growth and long lead times for new projects could lead to a …
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Dubai property market to improve on higher-than-expected demand: Morgan Stanley
Dubai property prices are rising for the first time in six years, Morgan Stanley said in a research note, amid higher demand and a slowdown of project launches since 2017.
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Residential demand drives Dubai property prices to rise for first time in six years
Dubai property prices are rising for the first time in six years, Morgan Stanley said in a research note, amid higher demand and a slowdown of project …
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Dubai posted 4,804 property sales during Ramadan 2021
Dubai recorded 4,804 property sales worth Dhs9.99bn during Ramadan 2021, marking a 211 per cent increase in transactions from a year-earlier period and 57 per cent increase compared to Ramadan 2019.
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All historic Dubai Ramadan property sales records broken in 2021 with total transactions reaching AED 10bln
But in 2021 we saw the highest number of transactions historically in the month of Ramadan, 4,804 property sales worth AED 9.99 billion. Ramadan 2015 came closest with 3,870 property sales …
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Dubai gears up for new hotel openings, brand expansions
Several hospitality brands marked their participation at the Arabian Travel Market 2021 exhibition with the announcement of new hotel openings and brand expansions across various segments. Accor, on …
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Dubai ruler dissolves tribunal that deals with property-related disputes
DUBAI – In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. (15) of 2021 dissolving the Special …
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SOL Properties Redefines Dubai Leasing Experience With SOL Living
Real estate leader introduces dedicated leasing service, offering long- and short-term lease options to meet Dubai’s residents’ and visitors’ evolving needs
Dubai, United Arab Emirates – …
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Developers upbeat about UAE market
The UAE property developers are upbeat about the country’s realty sector despite the challenges of COVID-19 pandemic. Emaar Properties recently announced it has achieved significant increased property …
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UAE: Real Estate Tycoon Reports Widening Losses as Sales Almost Halve
Damac, the Dubai developer behind some of the emirate’s glitziest property projects, reported a widening first-quarter loss as sales almost halved.
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A mixed bag? How Dubai property rental rates have changed in Q1 2021
Rents for apartments across Dubai have started to increase following months of persistent decline, as sentiment in the market continues to improve, according to a new report. Asking rates for …
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Reportage Properties sales grow 200% in 4 months
Reportage Properties, the leading real estate developer in the UAE, revealed sales of more than Dh500 million since the beginning of 2021, with a growth rate of more than 200% compared to the first …
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