Real Estate News Archives

Anticipated Surge in Dubai Apartment Rental Rates for 2024

By Jan Leo,January 14, 2024January 16, 2024

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.

Dubai Real Estate Real Estate News

Rental Prices Expected to Surge by 20% in 2024

By Jan Leo,January 13, 2024January 16, 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.

Dubai Real Estate Real Estate News

Anticipated Surge: Dubai Rental Prices Set for a 2024 Upward Spiral

By Jan Leo,January 10, 2024January 11, 2024

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.

Real Estate News

Dubai’s Dominance in GCC Real Estate Set to Extend Through 2024

By Jan Leo,January 3, 2024January 8, 2024

Dubai Real Estate Real Estate News

Ellington Properties Teams Up with DMCC to Introduce Mercer House in Uptown

By Jan Leo,December 14, 2023

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.

Real Estate News

Mercedes-Benz Luxury Residences Places in Dubai

By Jan Leo,December 8, 2023December 8, 2023

Revolutionizing Dubai’s Skyline: Mercedes-Benz Places

Mercedes-Benz Places in Dubai, soaring at 341 meters with 65 stories, redefines Downtown’s skyline, offering unparalleled views of the Burj Khalifa near iconic landmarks like the Dubai Mall.

This collaboration seamlessly merges real estate and automotive excellence, driven by a shared passion for iconic design and innovation. CEO Muhammad Binghatti eagerly anticipates partnering with Mercedes-Benz for more than a luxury residence—a community-focused space integrating mobility, pioneering a novel standard for sophisticated living.

Real Estate News

Dubai’s Sheikh Zayed Road to Host 50-Storey Residential Tower

By Jan Leo,December 6, 2023December 8, 2023

Dubai’s Sheikh Zayed Road will soon host a 50-storey residential tower by Aqua Properties, meeting high off-plan apartment demand, particularly in Dubai.

Founder Ali Tumbi highlighted Aqua Properties’ innovation, overseeing the towering 50-story building on Sheikh Zayed Road and another on a 300,000-square-foot plot in Arjan.

Real Estate News

Dubai Real Estate: Current Trends and Developments

By Jan Leo,November 24, 2023December 5, 2023

Dubai’s real estate market remains a dynamic landscape, driven by innovation, sustainability, and evolving consumer preferences. Recent trends and developments showcase the city’s resilience and commitment to redefining luxury living.

Focus on Sustainable Developments

Dubai continues to prioritize sustainability in real estate. The city has witnessed an increase in eco-conscious developments, emphasizing green spaces, energy-efficient designs, and environmentally friendly practices. Projects like The Sustainable City and Al Barari highlight the city’s commitment to eco-friendly living while offering luxurious amenities.