Emirate saw sales of more than 6,000 ready homes in the first quarter, worth AED 13.5 billion, and 3,600 off-plan properties worth AED 5 billion The first three months of the year witnessed the highest recorded number of home sales transactions in Dubai. Since 2010, according to the latest Q1 real estate market report from Valustrat. As the emirate's real estate industry continues to recover from...
Dubai recorded the second-highest number of real estate transactions since February 2017 in the first quarter, with 6,590 deals valued at about Dh22.9 billion, a growth in number by 43 per cent and in value by 40 per cent year-on-year. The real estate bulletin issued by Dubai Land Department, ‘Real Estate Updates,’ March 2021, showed that real estate transactions in Q1 2021 achieved a significant...
People prepared to pay more because there is a lack of stock, and it's becoming a trend Dubai's property market is running low on inventory as buyers currently outnumber sellers in popular areas of the emirate. A study by global real estate consultancy Colliers said that due to the consistently high numbers of buyers, the market has seen a transition into a seller's market. "The majority of...
RIYADH: Dubai’s Emaar Properties posted a 140 percent increase in first-quarter sales to 6 billion dirhams ($1.6 billion), founder Mohamed Alabbar told Al Arabiya on Thursday. Alabbar expressed his optimism about the current year, which has seen the improvement after 2020 was marred by the coronavirus pandemic. “The numbers are promising despite the difficulties that the hotel and malls sector...
ONE1OO Palm includes a wellness spa, start-of-the-art fitness centre, massive assorted candy wall, hydraulic pop-up cinema and three gourmet kitchens ONE1OO Palm Villa is the most expensive residential transaction closed in Dubai so far this year. The most expensive villa to be sold on Dubai's Palm Jumeirah, per square foot, has gone for the princely sum of over $30 million. The buyers, a Swiss...
Dubai: Dubai has recorded its costliest deal so far this year – a villa on the Palm going for Dh111.25 million plus. The property has been bought by a Swiss investor, and will now be placed in the holiday home market. The One100 was listed last year, and the seller had even lined up a slew of add-ons such as a luxury car, a Harley and much more to attract the attention of a buyer. The initial asking...
Investors and buyers cashed in on lower property prices in Dubai as the number of transactions jumped 20 per cent to hit 11-year high of 41,988 in 2019 as compared to 34,961 transactions in the previous year. Data released by Property Finder revealed that the sale of off-plan properties took the lion's share, accounting for 23,643 transactions or 56.3 per cent of the total due to attractive prices and...
Dubai attracts people from all over the world. It is home to a wide variety of attractions such as skyscrapers and city parks that create a real splash. It has a fast-growing economy and its real estate market is leading the way for the world to follow. There is seemingly a never ending growth in the Dubai real estate marketplace. While Dubai boasts of various types of residential properties, the...
It is hard to imagine a world free of the COVID-19 pandemic amid the present situation. An effective rollout of vaccinations against COVID-19 offers the most promising prospect of bringing the pandemic to an end. A rapid vaccination protocol currently rolling out across the UAE will certainly change the country's real estate landscape for the better. Most of the population are able to travel within the...
It’s always exciting to buy a property, especially for a first-time buyer. If you are new to the real estate market, it can be a difficult and time-consuming process. Even though you are ready to shell out the money, choosing the right property is one of the toughest decisions you will have to make. In that case, you need the help of a Channel Partner, who will guide you through the whole process until...