Average rents of properties close to metro stations has risen sharply, CBRE report finds Residential properties in Dubai only a short walk from metro stations have outperformed the wider real estate market in the emirate, both in terms of sales price and rental performance, according to global consultancy CBRE. Residential units within a 15-minute walk of the emirate’s...
The Raining Street is on the Heart of Europe island project, off the coast of Dubai. Photo: Kleindienst GroupThe National Apr 18, 2023 You may have seen it all over Instagram, the Raining Street of Dubai. A quaint European-style pedestrian road, lined with red and white polka dot awnings, where (unlike the rest of the UAE) it rains all year round. The perennially drizzly street is...
The average price of a super prime property in Dubai now stands at $7.9mn, an 11.9% increase from the last quarter In the first quarter of 2023, Dubai’s super-prime residential market had transactions worth $3.8 billion. This is a 21.72% decrease compared to the previous quarter (Q4 2022). This luxury market accounts for 21.7% of the total residential market in Dubai in terms of...
The real estate industry in Dubai is thriving, with rising home prices and rents this year. As real estate developers continue to announce new projects around the UAE, the supply does not appear to be slowing down. With the largest apartment in the world planned for the city and the tallest residential tower in the works, Dubai frequently makes headlines, but new projects are also planned for Abu Dhabi...