dubainews

The last available statistics from Land Sterling show that Dubai’s property sector clocked more than 47,300 transactions in the third quarter of 2024 for AED 116.8 billion, approximately $31.8 billion. Transaction volume increased by a stunning 42 percent during the same period last year, while the value in terms of transactions saw an approximate 33 percent growth.This volume and value growth highlights...

Dubai: Developers in Dubai are in a rush to launch their latest projects or release more offplan units at their existing ones – but this time it’s not just about trying to meet demand.A recent report by global rating agency S&P spoke about the chances of likely price corrections in the Dubai property market at some point in the next 18 months or so, which could ‘lead to lower prices and...

The Dubai real estate market has set a new milestone, with AED 61.5 billion ($16.7 billion) in transactions recorded in October, marking a 56% increase over the same period in 2023. This surge in activity represents the highest monthly transaction value ever recorded in the city, supported by 20,670 transactions—a significant 71% increase from October of last year, according to Property Finder.Rising...

UAE strategies for transport, investment and real estate, Qatar tourism, Bahrain Golden Visas and more of the biggest stories this weekThe UAE has announced strategies for investment, transport, savings and education in the past week as it looks to outline an environment for growth in the region.Elsewhere Bahrain has given an update on its Golden Visa scheme, Qatar is welcoming tourists from across the GCC...

Dubai real estate sector carried to a record transaction performance by remarkable off-plan sectorThe Dubai real estate sector recorded a record month in October with AED61.5bn ($16.7bn) of transactions, an impressive 56 percent up on the previous year, according to Property Finder.It represents the highest values ever recorded for a month and came from 20,670 transactions, up 71 per cent on October...

Dubai real estate is likely to well surpass AED 500 billion in sales by the end of 2024 after recording a historic October that boosted year-to-date figures. The total sales for 2024 already reached AED435.6 billion up to the end of October through 150,651 transactions, thereby breaking through the previous record of AED409.8 billion posted by 132,628 transactions at the close of 2023.The sheer AED 500...

Over 23,700 transactions completed in October, up 13% month-on-month, reflecting robust market activityOff-plan sales account for nearly 60% of transactions, with strong investor demand in Dubai Hills Estate and Business BayRental values up 16% year-on-year, driven by sustained demand in high-demand residential areas across DubaiDubai, UAE — Dubai’s real estate sector has reached unprecedented heights...

An aerial view of Dubai Marina. In October 2024, the existing market recorded the highest volume and value of transactions ever, touching 7,140 transactions. — File photoOctober was an outstanding month for Dubai’s real estate, with the highest values being recorded for a month ever. A total of 20,670 transactions were recorded, leading to a 71 per cent increase compared to October 2023. The value of...

Dubai Grade A office rents up by an average of 25 per cent, with one neighbourhood seeing 44 per cent hikesDubai’s commercial office market is reaching new heights, with unprecedented demand driving occupancy rates and rental growth across prime business districts, according to the Savills Q3 2024 Dubai Office Market report. Driven by a substantial rise in new business registrations and expansion...

DUBAI, UAE / ACCESSWIRE / November 6, 2024 / MNA Ventures, a global player in business and technology investments, is proud to hold an event in late November 2024, to celebrate 20 years of growth, innovation, and success. Since its founding, MNA Ventures has become a cornerstone in facilitating business operations and making it possible for its clients to develop and grow across borders, clearing their...