Dubai's real estate market continues to show strong signs of recovery as the city recorded 2,246 property transactions worth Dh11.6 billion during the week ending April 14, 2023. The data was released by the Dubai Land Department, indicating that the market is seeing steady growth and buyers are investing in a range of properties, from plots of land to apartments and villas. In this article, we'll take a...
The Sharjah Real Estate Registration Department (SRERD) has reported 2,999 real estate transactions worth Dh2 billion in January 2023, further cementing the emirate's position as a desirable location for property investment. This strong start to the year follows a strong performance in 2022, when the SRERD recorded a 15.3% year-on-year increase in real estate transactions, totaling 7,267 transactions worth...
The Dubai real estate industry has integrated Ejari, a new online registration system, with the Central Bank's direct debit system, allowing landlords to deduct rent automatically from tenants' accounts rather than using post-dated checks. Both the landlord and tenant will agree on the payment method, which will be monthly, quarterly, or semi-annual, and it will be included in the lease agreement. HP...
Dubai's real estate market has been rapidly expanding, and it shows no signs of slowing down anytime soon. Viewz, Danube Properties' largest project to date, is a pair of twin high-rise towers that will offer apartments and Sky Villas once completed. This project's development cost is estimated to be more than Dh1.4 billion. Viewz will feature Aston Martin-furnished interior common areas and amenities,...
Dubai's real estate market experienced a significant increase in growth in 2022, with an increase of 51% in transaction volumes and a 55% increase in the value of transactions between January and November, as reported by JLL's 2022 Year in Review. This growth was largely due to an increase in foreign buyer demand. Dubai delivered a total of 38,000 residential units, bringing the total housing supply to...
Dubai Real Estate Market Forecast for 2023 The forecast for Dubai real estate market is set for 46% growth in 2023, data shows. In 2022, the real estate market in Dubai experienced another booming year, breaking transaction records and pushing luxury real estate prices to all-time highs. However, the situation is drastically different in most of the rest of the world. Reuters in December reported...
The Business Bay neighborhood, with 10,853 transactions, had the most real estate transactions in Dubai in 2022, according to a statement from the Dubai Media Office. Additionally, Burj Khalifa, Al Barsha South 4, Dubai Marina, and Al Merkadh were among the top ten transactional locations. The high level of real estate activity in Dubai was facilitated by favorable legislation and solid economic prospects....
rent or buy apartments and villas rent or buy apartments and villas in Dubai has visible 97,400 actual estate transactions worth a whopping Dh265.7 billion in 2022, with many citizens and buyers opting to buy assets within the heart of the metropolis. With more than 10,300 actual property transactions valuing Dh17.6 billion at an average charge of Dh1.2 million, Business Bay led the chart for the very...
According to data from Realiste, belongings fees in Dubai grew by means of 20-40 consistent with cent over the last 365 days. Some regions saw even a larger upturn. To illustrate, Palm Jumeirah grew via 59 according to cent, and Trade Center First by using 210 in line with cent. Realiste is a PropTech organization based totally in Dubai. It became released in the UAE and Saudi Arabia as part of its...
According to Zoom Property Insights, the Dubai real estate market will continue to grow in 2023 as property prices and annual rent are predicted to rise further due to increased demand and interest from high net worth individuals (HNWIs) and overseas investors. According to the most recent data from Zoom Property Insights, property prices in Dubai are predicted to rise by an average of up to 20% in 2023,...
