Dubai's Nakheel is making waves in the real estate scene with the unveiling of their exquisite Palm Jebel Ali villas. This exciting news comes hot on the heels of a visionary masterplan revealed by none other than Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President, Prime Minister, and Ruler of Dubai earlier this year. Nakheel, a powerhouse in the Dubai real estate sector, is set to redefine...
Dubai, often celebrated as the "City of Dreams," has emerged as a formidable force in the global real estate landscape. Over recent decades, this Middle Eastern jewel has undergone an astonishing metamorphosis, evolving from a golden desert into a dazzling expanse of world-class infrastructure. Explosive Growth One of the most striking characteristics of Dubai's real estate market is its...
Recent data from the Dubai Land Department (DLD) showcases the significant impact of women investors on the UAE's real estate sector, contributing a remarkable AED 58.8 billion ($16 billion). This financial injection underscores the growing trend of financial independence among women, reshaping the nation's economic landscape. Surge in Women Investors The DLD's data paints a vivid picture of...
The Dubai real estate market has set the stage for an astounding journey of growth and prosperity in the first half of 2023. The city's skyline is not just evolving; it's flourishing with unprecedented vigor. According to the latest data released by the Dubai Land Department (DLD), the numbers are nothing short of remarkable. Surge in Transactions and Investment In a span of just six months, Dubai...
Following the reopening of China's borders after the COVID-19 pandemic and in light of the property crisis within their own country, Chinese buyers are exhibiting a notable resurgence in Dubai's real estate market. A dual motivation drives this resurgence: on the one hand, the desire to explore safe investment options globally, and on the other, the attractiveness of Dubai's property market. Emaar...
Real estate consultancy Knight Frank's forecast paints a vivid picture: Dubai's relentless population growth is on a collision course with housing needs. With a projected population of almost 6 million by 2033, set to soar further to a staggering 7.8 million with the Dubai Urban Master Plan 2040, there's a storm on the horizon – and it demands action. "The predicted growth in the city’s...
Dubai's Residential Market Pulse July 2023 witnessed an impressive surge in Dubai's residential transactions, totalling 10,080—a remarkable 53.4% YoY upswing. The momentum was fueled by a substantial 78.4% uptick in off-plan market sales and a notable 33.8% rise in secondary market sales. Year-to-date figures till July 2023 reached an all-time high of 67,818 transactions—a historic record...
The Dubai real estate sector has achieved unprecedented growth during the first seven months of 2023, reaching its highest performance ever for the same period, with a total value exceeding Dhs 216 billion from 71,537 sales transactions, as per the latest data from the DLD (Dubai Land Department). The results indicate an outstanding annual growth rate in sales value of over 60% during the period from...