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Dubai: Here’s why property prices will continue to rise in 2024

Rise in foreign fund inflows fuels a surge in the rally along with tenants turning into property ownership, and availability of ready-to-move-in properties, among others.   Property prices rally in Dubai will continue next year, but the pace will slow down compared to 2023, with a growth rate of up to 10 percent projected on the back of strong demand from residents, investors, and high-net-worth...

UAE’s gaming island attracts real estate investors looking for thriving opportunities

A promising new venture opens the door to huge returns for investors.   Experience the perfect blend of luxury living and robust investment potential, nestled in the heart of the United Arab Emirates. The UAE, renowned globally for its breathtaking architecture and booming real estate, is the ultimate destination for discerning investors. Now, a promising new venture is on the...

Dubai: Property prices rise for 11th consecutive quarter

Real estate costs are likely to rise further over the next 5 years The Dubai property market, which continued its upward march for the 11th consecutive quarter in Q3 2023, will see “substantial price growth” over the next five years as prices remain “very cheap” when compared to other major global cities as well as undersupply in the coming years, said analysts. Property prices in Dubai are...

Dubai is home to 210 centi-millionaires and 15 billionaires

City is home to 210 people with wealth of $100 million or more, which could rise by 78% by 2023 Dubai is now home to 210 centi-millionaires, individuals worth $100 million or more, a figure which could rise by 78% in 10 years, according to new research.  Henley & Partners said the city is ranked 16th out of 50 globally for the number of people who have wealth of $100 million or more and is...

Sales of $10 million-plus homes in Dubai surge to record high in Q3

Global high-net-worth individuals plan to spend $2.5 billion on property in the emirate this year The total number of $10 million home sales in Dubai for the first nine months of the year has reached a record high of 277, driven by rising demand for luxury homes in the emirate, as reported in a new study by the global consultancy Knight Frank. The emirate registered a 40.7 per cent annual...

Dubai’s Azizi is all set for the world’s second-tallest tower

The project will be located opposite the World Trade Centre on Sheikh Zayed Road Dubai: Azizi is preparing to begin construction on the world’s second-tallest tower in Dubai. The exact height of the tower, expected to be over 700 meters, is yet to be announced. The project will include a six-story shopping mall, over 700 residential units, and a luxury hotel with around 300 suites, operated by the...

Dubai apartment prices skyrocket most in a decade as home ownership widens

Dubai apartment values surged by the most in nearly a decade in August, broadening a property rally that’s transformed the city into one of the world’s hottest housing markets.The city’s housing boom, so far largely driven by larger single-family homes, is now pushing up prices for apartments that make up about 85 percent of the housing supply in the Middle East’s business and tourism...

2023 on track to become busiest year for property transactions

In comparison to the same period previous year, real estate transactions in Dubai increased by 44%, totaling 57,700 units With over 57,000 units bought across Dubai during the first half of 2023, the residential sector is on track to becoming the busiest year on record, a new report finds. Global real estate services provider Savills revealed in its latest report that property transactions during...

Luxury property market breaks another record as units sold skyrockets

Dubai real estate: Luxury property market breaks another record as units sold skyrockets Dubai saw a spike in influx of wealthy investors from around the world post-pandemic Dubai has made a record in the luxury property market this year with sales of as many as 335 luxury units till July end, making 2023 the most successful year for this segment, a new market study revealed. Besides, a...

Dubai leads price growth in global prime residential market with gains of 11.2% in 2023

New report forecasts emirate to continue rally in second half of the year with growth between 6-7.9% Dubai led the price growth in the global prime residential market, recording gains of 11.2% in the first half of 2023. According to findings of the Prime Residential World Cities Index, released by real estate services provider Savills, the emirate emerged as the leader in average capital values...

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