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”
Nakheel, the Dubai-based developer, selects Fibrex Contracting and Ginco General Contracting for Mohammed Bin Rashid Al Maktoum City’s District One West.
District One West boasts 467 residential units, featuring four-, five-, six-, and seven-bedroom villas and mansions.
This lavish community offers green areas, a lagoon, and upscale amenities for relaxation.
Read more “Nakheel Awards Contracts for District One West Residences”
In Dubai, buyers eagerly lined up overnight outside a developer’s office, hoping to secure luxurious waterfront residences, underscoring the intense real estate activity in one of the world’s hottest markets.
Nakheel, backed by the government, swiftly sold out all available homes in the initial phases of its Bay Villas development, priced from $1.2 million each. Situated on Dubai Islands, the project comprises over 500 residences, with top-tier properties exceeding $4 million.
Read more “Dubai’s Property Frenzy: Million-Dollar Homes Snapped Up”
Dubai’s real estate market shifts to favor sellers amid a three-year surge in property prices. Industry experts predict a slowdown, prompting investors to explore higher-yield markets.
Post-pandemic demand propels Dubai’s property prices past previous peaks, enticing buyers to cash in on gains.
Read more “Dubai Property Market Trends: Sellers Gain Amid Price Surge”
Union Properties divests non-core land assets, marking a stride in its turnaround plan and garnering financial backing.
The Dubai-based developer offloads assets worth Dh500 million, underscoring its strategic vision and commitment to shareholder value. Additionally, it evaluates offers totaling Dh1.2 billion for further land sales.
Read more “Union Properties Sells Dh500m in Land, Eyes Dh1 Billion More”
In Dubai, DDX Global launches ‘Desert Pearl,’ leveraging real estate tokens. This initiative aims to tokenize assets, including two hotels, apartments, a business district.
The boutique hotel will feature 88 rooms and amenities like a planetarium, arena. The ‘Qamar Residences’ will offer three home options: Pearl Collection (400 square meters), Oasis Collection (650 square meters), and Sky Penthouse (5,000 square meters).
Read more “DDX Global Launches ‘Desert Pearl’ Project: Dubai Real Estate Tokens”
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