Dubai’s real estate market kicked off 2024 with Dh35.4 billion in January sales, hinting at a promising year ahead. The demand for off-plan properties continues its upward trajectory.

January 2024 witnessed a remarkable 27% increase from January 2023, setting new benchmarks and reflecting sustained growth.

Read more “Dubai Real Estate: Record Sales Signal Strong Start”

In Dubai, branded homes command double rents, driven by luxury amenities and high demand. The influx of high-net-worth individuals is transforming the market, making Dubai a long-term choice. Branded residences see premium rents, with some units doubling non-branded rates. Dubai’s real estate market experiences a surge in branded launches, attracting global elites. Market expert Lewis Allsopp predicts growth until 2025–2027 when off-plan rentals meet demand. Luxury homes, especially in prime locations, show potential for significant price increases.

Read more “Dubai’s Luxury Residences Double Rents as Market Matures”

In Tuesday, Dubai’s real estate market surged with 530 sales totaling AED 2.35 billion, alongside 135 mortgages at AED 564.27 million and 55 gift deals worth AED 180.68 million. The day’s total transactions exceeded AED 3 billion, including 494 villa and apartment sales (AED 1.15 billion) and 36 land plots (AED 1.2 billion). Mortgages covered 114 properties (AED 284.27 million) and 21 land plots (AED 280 million).