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 peaked in 2023. Transaction activity reached 118,200 units, per Savills. This surge, surpassing 100,000 transactions, credits Dubai’s robust economy.

The report highlights Dubai’s consistent post-COVID-19 demand growth, mainly driven by off-plan properties. While end-user activity decreased, observers noted a shift towards investment properties.

Read more “Dubai Real Estate Soars in 2023: Savills Report”