Gains in Transparency for the Emirate Are Driven By New Market Legislation As per JLL's most recent Worldwide Real Estate Transparency Index, the real estate markets in Dubai and Abu Dhabi have been ranked as the major global improvers in 2022. (GRETI). Dubai also made its debut appearance in the "Transparent" tier, highlighting its status as the Middle Eastern and North African region's most...
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New Listings Raise the Stakes with Dh300m and Dh350m Asking Prices With Dubai Luxury Property, costing DH 300 Million and more setting new standards. The stakes and prices have increased for ultra-luxury homes in Dubai. Alpago Properties said it would be constructing six villas on the Palm's "Billionaire Row" with prices ranging from Dh120 million to DH 300 Million. At DH 300 Million, it does not...
Expo 2020 in Dubai has recently ended with all the excitement, full of glimpses, priority business, and great success. It has been a long time passed and people from all over the world have been investing in this city. However, what is the charm of Dubai that is attracting so many investors? The answer is simple: potential. With a population of over 2.5 million people and a GNP of $107.6 billion, Dubai...
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During Q1 Of 2022, The Emirate Did 25,972 Transactions. It Was The Largest Number Of Transactions In A Single Quarter Since 2010 And The Biggest Volume Since The Very Q1 Of 2014. According to the most recent official data issued on Tuesday, Dubai real estate has maintained its attraction. As investors and locals, continue to pour capital into the emirate to purchase a home or apartment. In...
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As per CBRE, prices for apartments and villas are still 27.1 percent and 13.5 percent below their 2014 peaks, respectively Despite ongoing high levels of interest in January. The rate of price increase in the Dubai real estate industry was predicted to slow this year. CBRE advisers claim that deal volumes in Dubai increased by more than 80 percent last month, to 5,517, from January 2021. After a robust...
Am I losing money that I have paid already? Is it legal to use rent-to-own models when purchasing apartments in Dubai? Can you clarify the laws governing the purchase of real estate apartments? For instance, what if I pay half and am unable to pay the remaining balance after signing a contract? Do I have to lose the money I paid? Here I am describing according to UAE's real estate law. Keep...
Last month, Dh16.69 billion was spent on Real Estate Transactions. According to a monthly report released on Thursday, Dubai's real estate market saw 5,797 sales transactions cost 16.69 billion dirhams last month. Making it the best January on record. In January 2022, secondary/finished properties accounted for 53% of all transactions. While off-plan properties accounted for 47%. The credit market...
This is the best time to invest in Dubai real estate. Leading to a shortage of pricing and reforms, the Emirati market in Dubai has become a preferred choice among investors and buyers. Appealing conditions and long-term viability are two of the most important factors luring new investors to the UAE. According to S&P Global Ratings, the prices of prominent villas and Apartments are rapidly...
Dubai real estate prices are likely to be double in the coming year, according to a survey. Let’s take a brief survey. Dubai property prices will keep rising at twice the proportion expected 3 months ago until next year, according to a survey of real estate experts, driven by demand from foreign investors and improved accessibility. Dubai's economy returned well this year, thanks to a...
A booming market of Dubai real estate moving consistently on top. 2022 will portray the real estate sector as a solid pillar in a large and rapidly growing rising economy. According to the Dubai Land Department (DLD) figures issued last week, the real estate industry in Dubai is regaining prominence. Having overcome the uncertainty caused by Covid and displaying strong signals of long-term growth....
In November, the total number of real estate transactions for the year was 55,640, valued at dh 135.4 billion. The year 2021 has been better than many years. Since the beginning of this year, November has been a glorious month in real estate business transactions. In November, the number of property transactions reached 135.4 billion dirhams worth 55640. This is a wonderful record so far. Since its...
