Dubai, UAE: Tucked away in The Valley, Lillia emerges as a sanctuary, presenting 3 and 4-bedroom townhouses for sale. Harmonizing sophistication with nature, Lillia epitomizes sustainable living.
Read more “Introducing Lillia at The Valley: Where Luxury Meets Nature”
Dubai’s top master developers Nakheel and Meydan merging under Dubai Holding signals a significant expansion in landmark projects, bolstering the city’s economic agenda and urban development plans.
Read more “Dubai’s Nakheel-Meydan Merger: Expanding Landmark Projects”
Competition among Dubai developers intensifies as available land plots dwindle rapidly.
Read more “Dubai Developers Vie for Land Amidst Soaring Prices”
Dubai is expecting the launch of three new master communities in 2024, aiming to address the villa and townhouse shortage. The forthcoming communities, including The Heights Country Club and Grand Club Resort, are strategically located in southwest Dubai along the E611 corridor. These developments signal a new phase of expansion for the emirate.
Read more “New Dubai Master Communities to Boost Villa and Townhouse Supply”
Construction begins on a $3 billion residential tower in Dubai, set to become one of the world’s tallest. Al Habtoor Tower, standing 345 meters tall, offers over 1,700 units across 81 floors, with completion expected by 2026. Over 20% of properties sold within a month, showcasing high demand.
Read more “New $3BN Dubai Tower High-Rise Living’s Next Icon”
Dubai tenants face higher rents after Rera recalibrates its calculator, reflecting current market rates. Analysts foresee increased demand in newer communities. The revised calculator, effective March 1, considers location, property type, current rent, and rooms for rent increase assessment.
Read more “Dubai Tenants Face Higher Rents After Rera Calculator Update”
Recent reports predict prime residential real estate in the United Arab Emirates to yield between 6.25% and 7%. CBRE Research’s 2024 Market Outlook forecasts residential properties to yield 7% to 7.5%.
In offices, prime ones are expected to yield 6.5% to 7.25%, while grade A offices may yield 7% to 7.5%.
In February 2024, Dubai’s real estate market saw a surge of over 27%, with 11,900 deals compared to 9,371 in February 2023.
Property Finder noted transaction value at nearly Dh36.6 billion, up 35% from 2023, highlighting market strength.
Read more “Dubai Real Estate Market Surges 27% in February 2024”
The UAE’s real estate market aims to hit $710 billion by 2024. Aligning with the UAE Net Zero 2050 and Dubai 2040 Urban Masterplan, Dubai’s real estate sector is adopting sustainability measures.
Dubai, ranked third globally for LEED-certified projects, leads the sustainability charge.
Read more “UAE Real Estate Trends: Embracing Sustainability”
Dubai’s real estate market saw a staggering 66% surge in rents last year, as per the latest Dubai Annual Property Market Report by Dubizzle.
The report highlights strong demand and notable trends driven by favorable economic prospects and Dubai’s appeal as a residential and business hub.
Read more “Dubai Real Estate: Massive 66% Rent Increase and Top ROI Areas”
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