Royal Majestic – Real Estate
Dubai’s luxury real estate market witnessed remarkable expansion in 2023, showcasing unprecedented growth. This year marked the sale of the most expensive penthouse in the UAE to date, accompanied by record-breaking investment volumes.
Read more “Dubai’s 2023 Real Estate Boom and Record-Breaking Transactions”
Dubai’s post-COP28 transformation accelerates, focusing on eco-friendly buildings. Anticipated housing surge, with a 5% price increase in 2024 and a 15% market expansion. The real estate boom, driven by a 16% luxury property price rise, aligns with sustainability. Developers incorporate green features, and projects emphasize outdoor spaces.
Read more “Sustainable housing is gaining popularity in Dubai.”
Dubai envisions a surge in apartment rental rates, heightening its appeal for investors. Factors like infrastructure development, government initiatives, and a growing population contribute to the market’s resilience.
Experts foresee a significant 2024 increase in Dubai apartment rents, with a 20% rise in capital values. Observations highlight a demand shift towards cost-effective communities, particularly in areas like Dubai Silicon Oasis and Business Bay.
Read more “Anticipated Surge in Dubai Apartment Rental Rates for 2024”
Experts predict a 20% increase in Dubai’s real estate rental costs this year due to investors seeking short-term and long-term returns. In H1 2023, rental prices rose by almost 23%. Short-term rentals spiked by 30% in October 2023 as the high season began. Forecasts for 2024 project a 20% rise in short-term rentals and a 15% increase in long-term rentals.
Cristiano Ronaldo acquires a lavish mansion on ‘Billionaires Island’ in Dubai, reflecting his $136 million net worth. Renowned for extravagant gestures, he surprised his mother with a Porsche and gifted a $40,000 Rolex at a recent event.
Details about the mega-mansion’s cost remain undisclosed, but rumors suggest it’s in the tens of millions of euros. Comparable mansions on Billionaires Island offer opulent amenities.
Dubai aims to lead urban mobility by 2040, surpassing Amsterdam and Copenhagen’s bike-friendly status. The plan outlines a 621-mile network of cycling routes, exceeding both cities’ benchmarks.
The “Dubai Cycle City 2040” strategy encourages cycling and walking for daily commutes, aiming to reduce travel times significantly. “The Loop,” a 58-mile climate-controlled bike trail, showcases eco-friendly transport and prioritizes residents’ well-being.
Read more “Dubai Sets Sights on World’s Premier Bike-Friendly City by 2040”
Anticipating a 10% surge in Dubai’s real estate rentals this year, experts attribute this upward trend to investors seeking short-term gains and long-term returns. In the initial half of 2023, rental prices rose by 23%, spiking by 30% in October during the shift from low to high season.
Forecasts for 2024 suggest a 10% increase in short-term rentals and a 15% rise in long-term leases, closely tied to the escalating residential property prices. Property sales transactions surged from 30,000 in 2022 to nearly 50,000 in 2023, indicating market growth.
Read more “Anticipated Surge: Dubai Rental Prices Set for a 2024 Upward Spiral”
