Dubai real estate market is experiencing a significant surge in short term rentals, marking a 30% increase in demand compared to the previous year. This trend is rapidly transforming the local real estate landscape, offering remarkable returns for property owners while providing visitors with flexible and appealing accommodation options. This boom is particularly enticing for investors, with returns...
In the first half of 2024, Abu Dhabi's real estate sector experienced a remarkable 225% surge in foreign direct investment (FDI), underscoring its growing appeal as a global investment hub. During this period, the emirate attracted AED 3.28 billion in real estate investments, with 971 individual investors from 75 different countries contributing to this growth. The first half of 2024 has proven to be a...
The Dubai Off-Plan Property Market has seen a remarkable surge, reaching AED 103.8 billion in sales transactions in the first half of 2024. This growth reflects robust investor interest and a thriving market, driven by high demand and limited supply. According to the latest report by Bayut, the Dubai Off-Plan Property Market has experienced unprecedented growth, with luxury high-rise projects and...
Dubai real estate sector has witnessed a significant surge in supply, with 10,000 new properties entering the market in Q1 2024, according to Asteco's latest report. Despite this increase, the market remains resilient, showing strong signs of progress. Dubai Real Estate Resilience Dubai’s robust economic performance and dedication to improving living standards continue to draw a considerable...
Deloitte's 10th annual Real Estate Predictions report offers a comprehensive overview of Dubai's real estate market performance in 2023 and forecasts changes in various sectors for 2024. Dubai's real estate market has shown remarkable resilience, driven by its safe haven status, economic growth, and demographic expansion. Hospitality Sector The hospitality market has made a strong recovery in 2023,...
Ajman real estate market is headed towards exceptional growth, with an extraordinary increase in transaction value of over 26% compare to the same time period in the last year, reaching AED 4.3B ($1.2B) in Q1 2024. This significant development is a testament to the emirate's sound economic leadership and commitment to fostering a healthy economy. Exceptional Performance The real estate sector in...
Dubai's property market is abuzz with activity, with a record-breaking AED 109.81 billion in sales in Q1 2024. But which areas are generating the highest returns for savvy investors? Bayut's latest report sheds light on Dubai's Top Areas for Highest ROI on Villas and Apartments, and we've got the inside scoop! Apartment Investors Rejoice: Top Areas Revealed Dubai's apartment market is on fire, with...
The International Real Estate Community Management Summit (IRECMS) Dubai 2023 is an event that every real estate professional should have on their radar. This global event series is committed to raising the benchmark of real estate management around the world. In this blog, we’ll take a closer look at what to expect from IRECMS Dubai 2023. Event Details After the previous year’s success, IRECMS...
The Gulf Cooperation Council (GCC), comprising the UAE, Saudi Arabia, Qatar, Kuwait, Oman, and Bahrain, has made a landmark announcement: the approval of a unified tourist visa. This development, announced at the 40th meeting of the Interior Ministers of the GCC, is a major achievement that will facilitate easy movement between the six nations for residents and tourists alike. The Announcement The...
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