Dubai’s Real Estate Boom: Off-Plan Property Sales Dominate the Market in 2024 Dubai’s real estate sector is witnessing extraordinary growth, with off-plan property sales leading the market. A recent report by Engel & Völkers Middle East indicates that off-plan transactions now make up 63% of all property sales in 2024, marking a significant rise from 54% in 2023. This shift underscores the...
Total residential sales transactions surged by 40.3 per cent to 170,992 units in 2024, more than five times the number recorded in 2020, the report showed. Dubai’s Real Estate Market Soars with Off-Plan Sales Dominating in 2024 Dubai’s property sector continues to flourish, with off-plan transactions now making up 63% of all property sales in 2024, a notable rise from 54% in 2023, as reported by Engel...
The International Financial Centre in Dubai has promulgated crucial changes to its legal procedure, particularly the alterations made in regard to its mortgage registration process and the period of registration of off-plan property sales. These new regulations for new mortgage fee were issued on November 14, 2024, but came into force on November 21, 2024.One new requirement involves a new mortgage...
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