Royal Majestic – Real Estate
Dubai, a global hotspot for investors, is not immune to the rise of property scams. Stay vigilant with these key tips:
Read more “Safeguard Your Investments: Tips to Avoid Dubai Property Scams”
Are you considering buying a home in Dubai? Before you make a decision, it’s crucial to understand the ins and outs of Dubai’s service charges. This blog breaks down everything you need to know, whether you’re a first-time buyer or an experienced investor.
Read more “Decoding Dubai: Navigating Service Charges for Your Property”
In 2023, Dubai saw a surge in luxury home sales, reaching a record $7.6 billion, a 91% growth over the previous year. Knight Frank’s analysis revealed a 92.4% uptick in sales of homes priced at $10 million or more, totaling 431 transactions. Faisal Durrani, Partner – Head of Research, MENA, highlighted Dubai’s status as the world’s most active $10 million+ homes market.
Read more “Dubai Breaks Records with $7.6 Billion in Luxury Home Sales in 2023”
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.
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”
Ellington Properties, a prominent boutique developer in Dubai known for its design excellence, has joined forces with Dubai Multi Commodities Centre (DMCC) to introduce Mercer House, an upscale residential project in Uptown Dubai. Following the success of their previous collaboration, UH by Ellington, Mercer House is set to be an iconic addition to Dubai’s skyline, featuring two impressive residential towers atop a podium offering various amenities focused on wellness, retail, sports, and hospitality.
Read more “Ellington Properties Teams Up with DMCC to Introduce Mercer House in Uptown”