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Real Estate

Resale and developers’ prices difference is around 20% in Dubai

Resale and developers' prices difference is around 20% in Dubai

Most of the areas in Dubai – especially new emerging areas such as the Creek Harbour, Dubai Hills, Al Jaddaf, and Dubai South – are underpriced following a persistent decline in property prices over the last five years, according to industry players. It is believed that the price difference between the resale market and the…

Dubai property demand-supply balance seen in 2022

Dubai-skyline

Being restricted on cheques and less than accurate listings are their main peeves Demand for Dubai’s property remains pretty strong despite oversupply and demand-supply balance is likely to be achieved by 2022, say senior industry officials. Stressing that oversupply is a concern, they, however, rule out slump in demand as approximately up to 30,000 units…

Dubai property transactions reach record one-day high

Dubai-Creek-Harbour

Volume of sales transactions is 4 percent higher to date this year than all of 2018 Dubai saw the most property transactions in a single day since the heady days of 2008 on Sunday last, according to new data. A total of 515 real estate transactions – worth $241 million (AED 888.3m) – were registered…