All Posts in Tag: Market Update

Rents in Dubai could finally be reaching a ceiling

Apartment rents increased by 6% over Q2 2023, according to a new industry report Rental rates across Dubai are showing possible signs that they are reaching a ceiling, even as the average apartment and villa rents continued to increase in the second quarter of 2023. Recording upticks of 6% and 3%, the two segments reached…

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Dubai records $2.64bln in weekly real estate transactions

The weekly DLD report noted that 235 plots were sold for $607mln, 2,302 apartments and villas were sold for $1.56bln During the week concluding on August 11, 2023, the Dubai Land Department (DLD) oversaw a noteworthy tally of 3,103 real estate and property transactions, amassing a substantial total value of AED 9.7 billion. The weekly…

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Dubai’s realty transactions exceed $544mln Tuesday

The sales included 405 villas and apartments worth $260.17mln, and 28 land plots worth $202.89mln On Tuesday, Dubai’s dynamic real estate market exhibited remarkable activity, as data released by Dubai’s Land Department (DLD) revealed an impressive array of transactions. The day saw a substantial total of 433 sales transactions, collectively amounting to AED1.7 billion. These…

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The future of Waterfront real estate in Dubai

Predictions and Insights Based on Current Market Trends Soliman Hossameldin, a leading real estate analyst and Digital Media Expert in Dubai, has unveiled an extensive analysis of waterfront communities, offering a forward-looking perspective on the future of real estate in this luxurious destination. The study focuses on five key waterfront locations, meticulously examining price trends,…

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Dubai apartment rents increased by 19% in Q2 2023

Driven by the surge in spending, tenants are opting to own apartments instead of renting Dubai’s scorching rental market continues to surge, witnessing a remarkable 19% price increase during the second quarter of 2023 compared to the previous year. The upsurge was especially pronounced for one- and three-bedroom apartments, which saw rental rates soaring by…

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Al Habtoor Tower

Al Habtoor Tower sets new luxury benchmark to contribute to growth of Dubai’s luxury property market

Dubai achieved a significant milestone in 2023 by establishing itself as the world’s leading luxury property market Al Habtoor Group, a leading UAE conglomerate, has launched the luxurious Al Habtoor Tower in Dubai, boasting world-class amenities and incredible views of the city skyline. The tower is strategically positioned in a popular location, making it a…

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In Q2, Dubai’s commercial real estate transactions increased by 101%

The second quarter of 2023 in Dubai’s commercial real estate (CRE) market saw a tremendous increase in sales transactions, which helped the emirate’s real estate sector achieve record-breaking results. In the first half of this year, the sector recorded its biggest semi-annual sales ever. The CRE market recorded an increase of 22 percent in Q2…

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Dubai makes history in 2023 to become world’s leading luxury property market, outpacing London, NY and Paris

The real estate market in Dubai saw 176 high-end property sales that exceeded $10 million during the January-June period, with some of the headline-grabbing deals, reveals a latest market report Dubai made history in 2023 by becoming the world’s leading luxury property market, generating close to $850 million (AED3.1 billion) from high-end residential units costing…

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Abu Dhabi real estate sees 363% surge in foreign investment

Foreign investment in Abu Dhabi real estate topped $227m between January and June 2023 The Abu Dhabi real estate sector has seen a 363 per cent surge in foreign direct investment (FDI) in the first six months of the year. The Department of Municipalities and Transport (DMT) announced that FDI in the individual category within Abu Dhabi’s real estate…

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