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Dhs21 billion revenue gain for Dubai government from real estate sector in 2024

Dubai Real Estate Market Sees Remarkable Revenue Growth in 2024 The Dubai government has announced an impressive rise in revenue generated from the real estate sector in 2024. Sales in this sector saw a 20.6% increase, reaching a total of Dhs20.9 billion—equivalent to approximately Dhs1.74 billion per month. This marks a significant growth compared to 2023, where sales amounted to Dhs16 billion or about...

Dubai real estate: Ellington Properties hands over Berkeley Place in MBR City

Berkeley Place boasts 127 meticulously designed apartments, including studios, one-bedroom, and two-bedroom units. Ellington Properties Unveils Berkeley Place: A New Residential Marvel in MBR City Ellington Properties proudly announces the completion and handover of its latest residential project, Berkeley Place, located in the prestigious Mohammed Bin Rashid City (MBR City). Berkeley Place is a...

QUBE Development breaks ground in Dubai Studio City with Phase 1 of Arisha Terraces sold out

Dubai Studio City’s rental yields have risen from 7% in 2023 to 9% in nine months in 2024 Dubai, UAE – QUBE Development Breaks Ground on Arisha Terraces in Dubai Studio City QUBE Development, a globally acclaimed real estate company known for its exceptional residential and commercial projects, has officially commenced construction on its latest landmark project, Arisha Terraces, in the bustling Dubai...

Dubai real estate: High yields and strong growth attract investors in 2024

Bayut’s report reveals significant price increases across various segments, driven by high demand and strong ROI. Dubai Real Estate Market Sees Continued Growth in 2024, Highlights Bayut Report Dubai’s real estate market is on an impressive upward trend, as revealed in Bayut's latest detailed report for 2024. This report sheds light on the major developments shaping Dubai’s property sector. Key...

2024 marks another record-breaking year for Dubai’s real estate market with property prices on the rise

Driven by robust demand, a steady supply of new inventory and Dubai’s growing allure for high-net-worth individuals. Dubai Real Estate Trends 2024: Bayut Highlights the Most-Searched Areas Dubai, UAE – Renowned as the UAE's leading real estate portal, Bayut has released its detailed report on Dubai's most-searched property hotspots for 2024. The findings reveal a steady increase in property values...

UAE real estate sees steady growth in projects, record transactions in 2024

Property markets in Abu Dhabi, Dubai, Sharjah, and Ajman witnessed significant activity in transaction volumes over the past year  The UAE Real Estate Sector Continues Its Growth Journey in 2024 The real estate sector in the United Arab Emirates (UAE) demonstrated remarkable growth throughout 2024, driven by a surge in property developments and infrastructure investments. This sustained progress...

How Soaring Real Estate Prices Are Shaping Travel Trends In The UAE

The Impact of UAE Real Estate Prices on Travel Trends The influence of UAE real estate prices on travel trends is becoming increasingly evident. Although once challenging to foresee, the connection between the two sectors now plays a vital role in shaping regional tourism dynamics. From spurring property investments to enhancing the way tourists experience destinations, rising real estate prices are...

Dubai real estate shatters records in 2024 with sales worth $142.4bn

A market report by fäm Properties revealed that Dubai’s real estate market has set a new benchmark with 36% transaction growth, featuring strong performance in both off-plan and ready properties across prime locations. Dubai’s Real Estate Market Hits Record Highs in 2024 Dubai's real estate sector has achieved historic milestones in 2024, reaching unparalleled heights in transaction volumes and sales...

Real estate reimagined: Dubai’s decade of innovation and the road ahead

The property market is not merely a sector in Dubai; it’s a cornerstone of the emirate’s economic success. Dubai Real Estate: A Remarkable Journey Towards Global Leadership The year 2024 has been marked by countless reports highlighting Dubai’s astounding growth, record-breaking property transactions, and a significant surge in foreign investment. Positioned as a fierce competitor to established...

Dubai’s new rental index is based on star ratings for buildings

System aims to drive transparency and reduce disputes between landlords and tenants. Dubai Introduces New Rental Index with Building Rating System Dubai's latest rental index introduces a rating system for individual buildings, encouraging landlords to renovate or upgrade their properties to justify rent increases. The Dubai Land Department (DLD) unveiled this innovative index, which uses a smart...

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