dubaimarketnews

Dubai Land Department recorded Dh37.3 billion in sales value in August 2024, a 33 per cent increase compared to the same month last yearDubai and Abu Dhabi have been ranked among the top five cities globally that have made the most improvements in real estate transparency, according to the latest Global Real Estate Transparency Index (GRETI) released by JLL.Dubai’s real estate market has been one of the...

The new educational project aims to elevate the professionalism of brokers.Lupós Real Estate, part of the international Lupós Group, announced the launch of its own school for broker training through a media release. This new educational project aims to elevate the professionalism of brokers in Dubai by offering a comprehensive training program that includes both theoretical and practical modules, it...

DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms.Increasing demand for property, especially in the luxury space, is boosting prices not just of homes, but of everything else in the city — just as the United Arab Emirates is expected...

Many tenants in Dubai are moving to Sharjah and northern emirates due to increase in rents, increased quality developments, and hybrid work arrangements that offer more locational flexibility to employees.This is the third cycle, akin to the previous two cycles of 2009 and 2014, where tenants are locating to northern emirates to beat rising rentals. Industry executives suggest that tenants can save around...

Abu Dhabi and Dubai real estate markets among most improved in the world in terms of transparencyDubai and Abu Dhabi real estate markets are among the most improved in the world for transparency, according to a global sector survey. The UAE cities secured places among the top five improvers in the transparency score globally, according to JLL’s 2024 Global Real Estate Transparency Index...

Knightsbridge by LEOS Developments will feature 66 upmarket villas in an exclusive Dubai real estate communityA new Dubai real estate development will bring a hint of upmarket London style to the UAE property sector.LEOS Developments has announced the official unveiling of its latest project, Knightsbridge, with a gross development value of AED1.75bn ($476m) located in the heart of Meydan in District...

Dubai: Azizi Developments has set a clear sight on what it’s aiming for – build a 725 metre high tower on Dubai’s Shaikh Zayed Road that will eventually rank as the world’s second tallest. And within a short distance of the world’s tallest tower, the Burj Khalifa standing at 828 metres.The height of the tower was formally announced today.A freehold residential tower, the ‘Burj Azizi’ will...

Dubai’s real estate market is booming, but buyers face specific financial requirements and hidden costs – here’s how much you should be earning to buy property worth $1 million, according to expertsThe typical down payment for a $1 million home in Dubai is 20%. Image: ShutterstockDubai’s real estate market is booming, with property transactions hitting record highs. As local and international...

Developers are flocking to Dubai at high speed to capitalise on the many opportunities presented as the population rises and more businesses settle their base here.And the Indian company, Sunrise Capital has taken note of this - as they are coming to Dubai with a massive development, or shall we say a massive range of multiple developments up their sleeve.Let us share everything you need to know about...

Purchasing properties in Dubai will become much smoother and faster as registration time will now reduce from days to minutes after the Dubai Land Department contracted a deal with the top seven developers of the emirate, permitting them to use its registration system to manage all real estate transactions.The deal will help in empowering the developers and significantly raise the registration...