Category: Dubai Real Estate
Dubai Villa Prices Surge, Apartments Follow Suit
Record Growth in Dubai Real Estate Market
The ValuStrat Price Index (VPI) soared to 164.1 points in February, marking a significant 23.1% annual increase.
Dubai’s coveted villa properties have experienced a staggering doubling in value over three years, while apartment prices have risen by over a third on average, according to recent data.
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Dubai Real Estate Outlook 2024: 34,000 Units Expected
Steady Growth Despite Global Softening
Dubai’s real estate sector is poised to deliver around 34,000 units in 2024, solidifying its position as a key driver of the UAE’s economic diversification efforts.
Despite global uncertainties, experts anticipate sustained growth in both Dubai and Abu Dhabi’s real estate markets, with approximately 8,000 units slated for delivery in the capital.
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Dubai Villa Sales Plummet 55% Amid Property Shortage
Hamptons International Attributes Decline to Limited Supply
Vilal Housing Boosts Residential Services in UAE
Strategic Plans and Technological Advancements Drive Progress
Vilal Housing is dedicated to enhancing residential services in the UAE, with a recent announcement of plans to build 50 villas slated for completion by 2024.
In a pivotal meeting held at the Emirates Towers in Dubai, the board of directors, chaired by Abdul Rahim Sultan, underscored their commitment to top-notch housing solutions. Members Aarefa Al Falahi, Alia Busamra, Mohammed Al Falahi, and Alia Al Shamlan convened to review past achievements, strategize for 2024, and address sector challenges and opportunities.
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Rising Demand for UAE Properties as Tenants Transition to Ownership
Rising Demand for UAE Properties as Tenants Transition to Ownership
In Q1 2024, the United Arab Emirates witnessed a surge in demand for ready properties as more tenants opted for ownership over renting.
Contrary to Q1 2023’s surge in off-plan transactions, the first quarter of 2024 showed robust demand for existing projects in Dubai and Abu Dhabi, as per Property Finder data.
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UAE Witnesses Surge in Property Ownership as Tenants Transition to Buyers
During Q1 2024, the United Arab Emirates saw a notable rise in the demand for ready properties, fueled by tenants opting for ownership over renting.
Contrary to Q1 2023, which witnessed a surge in off-plan transactions, the property market in Dubai and Abu Dhabi experienced robust demand for existing projects in Q1 2024, as per data from Property Finder.
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