Real Estate

Dubai’s real estate market grows rapidly, with 20,000 new units by late 2024. 3DXB Group leverages 3D printing for efficient, sustainable construction.DUBAI, UAE – Dubai’s real estate market continues to experience robust growth, with 20,000 new housing units expected to be delivered in the second half of 2024. In the first half of the year, real estate transactions reached AED346 billion ($94.2...

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...

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 sees significant increase in transactions as apartments make up majority of new handovers  The Dubai real estate sector recorded more than 47,300 transactions, valued at approximately AED116.8bn ($31.8bn), in Q3, according to Land Sterling.It represented a 42 per cent increase in volume and a 33 per cent rise in value compared to the previous year, the real estate consultancy,...

Dubai: Real estate developer Deyaar has reported an increase in its profit for the nine months ending September 30, amounting to Dh 348.8 million. This marks a significant 47% y-o-y growth from Dh237.5 million in the year to date, September 23.The announcement was made on Thursday in Deyaar’s filing to the Dubai Financial Market (DFM). Revenue for the year to date September this year surged 11% y-o-y,...

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...

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...

The Dubai-based leading real estate development management company Octa Properties aims to add 14 new branded projects under management in Dubai by June 2025, with a total value of more than Dh9 billion.This comes as branded residences and luxury projects take centre stage in the emirate's real estate development landscape. Launching branded residences is now gaining currency in the northern emirate of Ras...