Over the past few years, Dubai has emerged as a global hub for real estate. With its stunning skyline, luxurious properties, and attractive investment opportunities, the city has become a magnet for both investors and homebuyers. However, the real estate market in Dubai is constantly evolving, and agents are always on the lookout for the next big thing. In recent months, there has been a buzz in the...
Sobha Hartland, Dubai Harbour Part 1, and Bu Kadra Part 2 have emerged as the top three investment hotspots in Dubai's real estate market for 2023, according to a recent report. These projections are the result of advanced analysis conducted by Realiste, a proptech company, utilizing its proprietary AI platform. These areas have been identified as the most promising locations in terms of potential...
Recent data from Refinitiv highlights significant shifts in global property markets. In the United States, office prices have experienced a notable 16% decline since their peak in March 2022. This decline has been well-documented, with expectations of further drops due to the substantial investments required for property renovations. What's more surprising is the 20% decrease in prices of multi-family...
Hussain Sajwani, the visionary founder and chairman of Damac Properties, expresses a strong sense of optimism regarding Dubai's real estate sector and believes that it will continue to provide investors with double-digit returns. In an interview with Khaleej Times, Sajwani emphasized his confidence in Dubai's growth potential, stating, "We are focusing on Dubai because the city will continue to grow...
Dubai's real estate sector witnessed a remarkable surge, with property transactions amounting to AED24.7 billion ($6.7 billion) in the week ending September 1, as reported by the Dubai Land Department. During this period, a total of 3,223 transactions took place, comprising 236 plot sales valued at AED1.82 billion ($496 million) and 2,302 apartment and villa sales totaling AED4.87 billion ($1.3...
Dubai's thriving real estate market has seen a notable surge in interest from Russian buyers, marking a robust demand for properties in the UAE, as reported by Bloomberg recently. Emaar Properties, Dubai's leading real estate company responsible for approximately 30% of pre-construction home sales, revealed that Russian nationals now constitute the largest segment of their market. While the exact...