Dubai Villa Market Shows Signs of Slowing Growth Amidst Surge in Apartment Sales. The surge in sales of villas in Dubai appears to be slowing down, as February transactions dropped by over 50%. According to a Hamptons International report, the total number of villa properties sold in Dubai during the same period last year decreased by about 55%. However, there was a 22.8% increase in transactions over the...
The United Arab Emirates (UAE) emerges as a dominant force in the global arena, securing its position as the nation with the most robust and resilient economy, alongside being one of the world's premier "soft powers." UAE: A Beacon of Soft Power Excellence In a remarkable feat for the second consecutive year, the UAE stands tall, clinching the 10th spot in the prestigious Brand Finance Soft Power...
The United Arab Emirates (UAE) real estate market is expected to see continued growth in 2024, despite global economic challenges. Dubai and Abu Dhabi are projected to play significant roles in this expansion, with an estimated delivery of approximately 34,000 and 8,000 units, respectively. Driving Forces Behind UAE Real Estate Growth Industry experts gathered at JLL's recent event, "Navigating...
In a bold move to transform the real estate landscape of Abu Dhabi, the Abu Dhabi Real Estate Centre (ADREC) has established groundbreaking partnerships with two leading real estate portals, Bayut and Dubizzle, as well as Property Finder, through a Memorandum of Understanding (MoU). Elevating Openness and Efficiency Rashed Al Omaira, Acting Director General of ADREC, expressed immense satisfaction in the...
Evolutions, a hub of real estate intelligence based in Dubai, proudly announces a strategic partnership with Aremas Group, a renowned name in the Turkish real estate sector. This groundbreaking collaboration signifies a visionary union aimed at introducing Evolutions' exclusive projects to Turkey's sophisticated market, making waves in the global real estate arena. Pioneering Collaboration: The...
In a visionary stride towards enriching the lives of citizens, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council of Dubai, and Chairman of the Higher Committee for Development and Citizens Affairs, delves into the details of the housing project unfolding in Al Khawaneej 2. Prioritizing Familial Stability and Community Well-being During his...
Dubai's real estate landscape stands as a beacon of innovation and ambition, drawing investors worldwide with promises of prosperity and opportunity. Amongst the towering skyscrapers and glistening waterfronts, Dubai's skyline narrates a tale of growth, resilience, and unparalleled vision. In this dynamic backdrop, off-plan properties shine as gateways to the future of urban living and wealth...
In a remarkable turn of events, real estate sales transactions in Dubai witnessed an astonishing surge of over 27 percent in February, soaring to 11,900 deals from the 9,371 recorded in February 2023. This surge underscores the robust and sustained buoyancy within the market, projecting a promising outlook for investors and stakeholders alike. Driving Factors Behind the Surge Building upon the positive...
Dubai, a city known for its towering skyscrapers, bustling streets, and vibrant culture, has emerged as a hotspot for luxury real estate. In recent years, the emirate has witnessed exponential growth in its real estate sector, positioning itself as one of the world's fastest-growing markets. What sets Dubai apart is not just its remarkable growth but also its relatively reasonable prices compared to other...
Dubai's real estate landscape is undergoing a significant transformation, transitioning into a seller's market fueled by the remarkable surge in property prices witnessed over the past three years. The Shift in Dubai's Real Estate Dynamics Insiders within the real estate industry assert that the rapid escalation in property prices is gradually tapering off. As the market approaches a saturation point,...
