Strong Market Performance Dubai’s real estate market remained robust in November, recording 13,502 property transactions valued at AED 40 billion. The continued high sales volume highlights the market’s resilience and investor confidence, with a notable 31.2% increase in apartment transactions compared to the previous year. Despite slight declines in villa and plot sales, the overall…

Brazilian football sensation Neymar Jr. has added another jewel to his impressive real estate portfolio by acquiring a stunning AED 200 million penthouse at Dubai’s exclusive Bugatti Residences by Binghatti. This acquisition reaffirms the ongoing trend of high-profile global celebrities investing in Dubai’s unparalleled luxury real estate market. The Bugatti Residences represents a new height…

Dubai’s real estate market continues to soar, with last week’s transactions totaling a remarkable AED14.54 billion ($4 billion), as reported by the Dubai Land Department. The majority of these transactions came from sales, which accounted for AED9.12 billion ($2.5 billion). Between November 11 and November 15 alone, 3,229 sales deals were recorded, reflecting the vibrancy…

Market Overview: A Dynamic UAE Property Landscape Asteco’s Q3 2024 report presents a thriving UAE real estate market with sustained growth across Abu Dhabi, robust performance in Dubai, and increasing activity in the Northern Emirates. Abu Dhabi remains on a growth trajectory, buoyed by new developers entering the market and a strong pipeline of planned…

The Dubai Land Department (DLD) has announced four key policies designed to drive growth, innovation, and sustainability within Dubai’s real estate sector. This initiative was presented during the Real Estate Policy Lab, aligning with the Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33. Speaking at the event, held at DLD’s headquarters, Eng.…

The Dubai real estate market experienced a strong week, recording AED13.5 billion ($3.7 billion) in transactions from November 4 to November 8, as reported by Dubai’s Land Department. Sales dominated with AED9.61 billion ($2.6 billion) in deals across 3,396 recorded transactions during the period. Mortgage transactions reached a value of AED2.99 billion ($814 million), while…

The UAE Central Bank has reduced its base rate for overnight deposits by 25 basis points to 4.65%, aligning with the US Federal Reserve’s move to lower rates as inflation stabilizes. This adjustment, effective November 8, reflects the UAE’s approach to supporting economic growth while maintaining monetary stability. GCC Central Banks Follow Fed’s Lead The…

The Dubai real estate sector set a new monthly record in October 2024, with AED61.5 billion ($16.7 billion) in transactions, marking a 56% increase from the same period last year, according to Property Finder. This impressive milestone was achieved through 20,670 transactions, a 71% jump compared to October 2023. Property Trends and Market Insights Property…

Dubai’s Real Estate Sector Strategy 2033 has been launched with an ambitious vision to grow the emirate’s property market to AED1 trillion ($272 billion). This strategic roadmap aims to solidify Dubai as a premier global destination for real estate investment, while doubling the sector’s GDP contribution to AED73 billion ($19.9 billion). Key objectives include boosting…