News
Secondary residential property sales in November 2020 broke a seven-year record as local real estate steadily recovers from the impact of the pandemic and oversupply. The top areas for secondary apartment sales in November 2020 were Dubai Marina, Business Bay, Barsha Heights (Tecom), Downtown Dubai and Jumeirah Village Circle, real estate website Property Finder said…
Property prices in Dubai are reasonably priced and demand is picking up, according to Mohamed Alabbar, founder of Emaar Properties, Dubai’s largest listed developer. “Real estate business is a cyclical business. We have an oversupply, [but] Dubai is reasonably priced. Our prime time price was a little lower than Chicago prices. We are also going…
The Dubai Land Department (DLD) recorded a total of 3,395 sales transactions worth Dh6.93 billion In October 2020, bringing the year-to-date total to 27,815 transactions worth Dh57.43 billion, signalling strong signs of recovery in the property market. Of the October transactions, 37.2 per cent were in the off-plan segment and 62.8 per cent in the…
The UAE’s real estate industry has registered improvements in JLL’s Global Real Estate Transparency Index (GRETI) 2020, which provides a reliable measure of real estate market transparency and is a useful indicator of a city’s overall ‘real estate investment health’. In this year’s edition, the index reveals the increasing attractiveness of Dubai as an investment…
Owning a home is a keystone of wealth… both financial affluence and emotional security.