2024 marked a breaking record year for Dubai’s property market with 180,900 transactions and 142.1 billion USD in value. Dubai's real estate market achieved a historic milestone in 2024 with 180,900 transactions valued at AED522.1 billion ($142.1 billion), marking a 36% increase in volume and 27% rise in value compared to 2023. Primary Market Growth Sales in the primary market surged by 30% to AED334.1...
The Palm Jebel Ali is an ambitious real estate project located in Dubai, United Arab Emirates, developed by Nakheel Properties. It is a large artificial island that is part of a series of "Palm" islands, including the more famous Palm Jumeirah. While Palm Jumeirah is already developed and home to luxury hotels, residences, and resorts, Palm Jebel Ali is still under development and is set to feature a range...
Villa communities outperformed the broader market, with 98% of freehold villas doubling in value since 2020. Villa prices in Dubai have been rising due to several key factors: 1. Increased Demand for Luxury and Family Homes Dubai's luxury market, especially villas, has seen a surge in demand from both local buyers and international investors. Many high-net-worth individuals (HNWIs) and expatriates are...
Dubai’s 2024 real estate deals surpass $100bln Dubai recorded a busy period in 2024 with the value of real estate deals surging far above $100 billion. Official data published by Alkhaleej newspaper on Friday showed sales of houses accounted for more than half the total real estate turnover in the first 10 months. The figures by Dubai’s Land Department showed overall real estate transactions...
Buying property in Dubai offers a range of benefits, especially for investors, expatriates, and those seeking a luxurious lifestyle. Here are some key advantages: 1. High Rental Yields Dubai has one of the highest rental yields globally, often ranging from 8% to 10% depending on the location and type of property. This is attractive for investors looking for steady income from their properties. 2....
The launch of Binghatti Skyrise has set a new benchmark in Dubai's real estate market, with 50% of its units sold out within a Day. This remarkable demand highlights the appeal of this one-of-a-kind development. Binghatti revealed the project location with a stunning light display that illuminated the Dubai skyline, symbolically marking the project’s place in the city’s future. Binghatti Skyrise...
WHAT IS AN OFF-PLAN PROPERTY? Off-plan properties are those that are marketed and sold before they are built. Buyers purchase these properties based on project plans and developer promises rather than a physical structure. WHY DO SO MANY CHOOSE OFF-PLAN? Presently, Dubai's off-plan property market is experiencing a high and consistent demand compared to its ready property market. Here are some...
SAFE INVESTMENT Enjoy a safe real estate investment in a politically safe country OWNERSHIP Having a Title Deed, you can sell your real estate or transfer it to your family members with all inheritance rights. HIGH RENTAL INCOME Real estate rental income in Dubai varies between 7-10% FIXED RATE AED-USD exchange rate is fixed at 3.65 HIGH VALUE INCREASE OF REAL ESTATE There is an annual...
Dubai's total transaction volumes reached 35,310, an annual increase of 20.5%, marking a new record-high in Q1 of 2024. Price growth across the Dubai real estate market has continued to accelerate during Q1 2024, with average prices increasing by 20.7%. Q1 2024 also saw over 35,300 sales transactions worth around AED 88.8 billion, marking a year-on-year increase of 20.5% in volume and 24.1% in value....
INTRODUCING ELA RESIDENCES ELA is derived from Ella, the female name associated with the Greek word “helios” (sun). A celebration of ELA Residences’ unique promise: the feeling of everlasting brightness Very rarely, what seem to be recognized parameters of a field are redefined by something so exceptional it requires the established definitions to be recast. ELA Residences is such a...