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Year: 2024

Dubai Rental Prices Set for a 2024 Upward Spiral
CategoriesDubai Real Estate Real Estate News

Anticipated Surge: Dubai Rental Prices Set for a 2024 Upward Spiral

By Jan Leo,

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”

Dubai's Dominance in GCC Real Estate Set to Extend Through 2024
CategoriesReal Estate News

Dubai’s Dominance in GCC Real Estate Set to Extend Through 2024

By Jan Leo,

Dubai’s GCC Real Estate Leadership

Dubai emerged as a frontrunner in the GCC real estate landscape in 2023. Demonstrating adaptability amidst imminent challenges expected in 2024, developers in Dubai and Riyadh excelled in the residential sector. They leveraged brand strength and flexible payment plans for a competitive edge.

Intensified Competition: Grade-A Office Spaces

Moreover, competition for Grade-A office spaces in Dubai and Riyadh noticeably increased. This trend was highlighted in Kamco’s GCC Real Estate Update, signaling significant shifts in the cities’ real estate dynamics.

Read more “Dubai’s Dominance in GCC Real Estate Set to Extend Through 2024”