Dubai News

Dubai Investments Park (DIP), Discovery Gardens and Liwan have reported the highest yields for affordable apartments for the third quarter in Dubai, offering returns of 9 per cent to 11 per cent, a report showed on Tuesday.Bayut, a leading property portal, has unveiled data on the most-searched areas in Dubai’s real estate market for the third quarter of 2024. Property prices in Dubai’s most popular...

As Dubai real estate boom continues and property market sees massive growth, Bayut identifies best spots for ROIThe Dubai real estate sector saw AED120bn ($32.7bn) from more than 48,000 property sales between July and September, according to Bayut’s Q3 data report.   Property prices in Dubai’s most popular areas have continued to surge, with strong sales figures, robust demand and availability of...

Dubai: Reef Luxury Developments, a pioneering real estate developer based in Dubai, has officially launched, setting its sights on transforming the emirate’s residential landscape through innovative concepts and community-focused projects.All apartments in Reef properties will feature temperature-controlled sunken balconies—an innovation patented by the developer—enabling residents to enjoy...

Generally, commission accounts for 2 per cent of the sale value and 5 per cent of the annual rental, excluding 5 per cent value-added tax.Dubai brokers are charging an increased minimum commission from tenants for affordable properties under Dh100,000 annual rent as demand for rentals continues to grow at an exponential pace.Generally, commission accounts for 2 per cent of the sale value and 5 per cent of...

The Dubai real estate sector hit a $38.6bn sales record in Q3. Which neighbourhoods are selling most propertiesAs Dubai’s real estate market recorded total sales worth AED141.9bn ($38.6bn) in Q3 2024, setting an all-time high for a single quarter, the neighbourhoods selling the most properties have been revealed. The Q3 sales eclipsed the previous quarterly record of AED124.07bn ($33.8bn) in Q2 this...

Are you looking to rent property for over a couple of decades? Or do you want to buy a house to settle in for the rest of your life in the UAE? According to Law No. 19 of 2005, expatriates can own property in the form of floors and apartments. After a 2019 amendment to the real estate law, foreigners can also own land and real-estate property in investment areas on a freehold basis.Foreign residents can...

The Dubai real estate sector saw an incredible $5.8bn of transactions last weekThe Dubai real estate sector recorded more than AED21.443bn ($5.8bn) of transactions last week, according to data from the Land Department. Sales dominated the figures, with AED17.8bn ($4.8bn), according to Land Department data.In total there were 5,321 sales transactions recorded between September 30 and October 4. Dubai...

Dubai's real estate market set a new record in Q3 2024 with sales totalling Dh141.9b.Dubai: A plot of land in Al Yalayis 1 of Dubai was sold on Friday for Dh 2.83 billion ($770 million), according to data from the Dubai REST platform.The 30 million-square-foot property was sold at Dh 94 per square foot, marking one of the largest real estate deals in the city this yearEarlier this week, Dubai unveiled an...

Former Emaar Properties Group CEO debuts new Dubai real estate developer with new project near Ras Al KhorA new Dubai real estate developer has launched its debut development as it looks to make an impact on the city’s booming property market. Ayana Holding, co-founded by former Emaar Properties Group CEO Abdulla Lahej, has announced the launch of Amaal 8.Located in Meydan Horizon within Mohammed bin...

First sales from developers outnumber re-sales in the secondary marketDubai’s real estate market recorded total sales worth Dh141.9 billion in Q3 2024, setting an all-time high for a single quarter, according to fäm Properties.This eclipsed the previous quarterly sales record of Dh124.07 billion in Q2 this year, and represented a 30.1 per cent year-on-year rise in valueA market update issued on Thursday...