Market

Dubai real estate market witnesses a 40% YoY spike with AED97.5bn sales in Q3 2023 Dubai saw a 6 percent growth in transactions between Q3 2023 and Q2 this year. Dubai’s real estate market remains fairly valued despite a continuous surge in demand for both rentals and purchases, according to ZāZEN Properties. The cosmopolitan city has been witnessing substantial price growth, with annualised real...

The local property market has witnessed unprecedented demand after the pandemic, driven by a very strong demand in the premium market segment Hussain Sajwani, founder and chairman of Damac Properties, is quite bullish about Dubai’s real estate sector and expects the market will continue to offer double-digit returns to investors. “We are focusing on Dubai because the city will continue to grow...

UAE property market braces for record-breaking year as investor interest for mid-market and top-end real estate surges The growth of Abu Dhabi and Dubai’s residential property markets have surpassed expectations during the first half of the year, a spokesperson from real estate consultancy CBRE told Arabian Business.  “We expected demand to actually slightly adjust compared to what was a very...

Compared to the same period last year, real estate transactions in Dubai increased by 44%, totaling 57,700 units. With over 57,000 units bought across Dubai during the first half of 2023, the residential sector is on track to becoming the busiest year on record, a new report finds. Global real estate services provider Savills revealed in its latest report that property transactions during the period...

The emirate’s real estate market has posted its strongest performance for the month of June in a decade. Dubai’s property market has continued its growth run for the month of June. It has defied trends for a mid-year dip to log 10,419 real estate transactions. The emirate’s real estate market saw a 17.78 per cent increase in volume compared to 8,846 in June 2022, reported real estate portal Property...