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13 June 2021

Dubai property booms as wealthy buyers seek luxury homes

Dubai: Dubai’s property market is powering out of a six-year malaise as “lockdown dodgers” and wealthy international investors drive a buying frenzy that is breaking records and fuelling an economic recovery. Luxury villas are the hottest segment in the market, with European buyers in particular seeking homes on Dubai’s signature Palm Jumeirah man-made island, as well as golf course estates. Dubai’s […]
13 June 2021

PROJECTS: Booming Dubai property market hits ‘record high’

With property transactions up 34.5 percent year-on-year, the first quarter of 2021 saw Dubai shrug off the cloud of the previous year’s coronavirus impact when property prices slumped to their lowest and get back to buying and selling homes.  Charting the highest number of total residential transactions since 2015, property experts cited the UAE’s handling of the pandemic crisis, support […]
10 June 2021

How valuable are homebuyer reports?

While homebuyer surveys have long been a common practice in the UK, Australia and New Zealand, its uptake is now slowly increasing in the UAE, especially among western expat buyers who understand their benefits
31 May 2021

Abu Dhabi, Dubai, Sharjah and Ajman record Dh68.6bn of property deals in Q1 amid bounce back

Four out of seven emirates in the UAE recorded Dh68.6 billion ($18.52bn) of real estate transactions in the first quarter of this year, a sign the property market in the Arab world’s second-largest economy is bouncing back from a pandemic driven- slowdown. Property deals in Abu Dhabi, Dubai, Sharjah and Ajman reflect growing demand, with Abu Dhabi and Dubai recording […]
30 May 2021

UAE: Real estate appetite in Dubai is returning. Here’s a mid-2021 property report card

Dubai: The property market in Dubai is showing clear signs of recovery, research from UK-based data analytics and consulting GlobalData showed, with property developers planning new projects. But how does the buying sentiment currently fare in the region? “Dubai’s construction sector is showing tentative signs of a long-awaited recovery,” GlobalData noted. The city’s real estate sector has not been at […]
27 May 2021

Dubai property prices record highest monthly jump in seven years

Property prices in Dubai rose 2.5 per cent in April recording the largest single-month increase since March 2014 as the economy recovers from the coronavirus pandemic-driven slowdown, according to a new report. The average property price in the emirate climbed to Dh895 ($244) per square foot last month from Dh873 per square foot recorded in March, the Property Monitor monthly market report […]
26 May 2021

Dubai realty posts largest single-month price surge in 7 years

Dubai’s property sector recorded its largest single-month price increase since March 2014 in April, increasing for the sixth consecutive month by 2.5 per cent as investors returned with confidence, buoyed by recent capital gains, a new market study said on Wednesday. Reasons for the buoyancy also include “an extremely low-interest rate environment and mortgage availability that continued to drive healthy […]
6 May 2021

Dubai luxury home market soars as world’s rich flee pandemic

DUBAI, United Arab Emirates (AP) — After nearly three decades in London, Christophe Reech was fed up with the city’s pandemic lockdowns. This spring, he sold his luxury townhouse and jetted off to the desert sheikhdom of Dubai to start a new life with his family. There was no turning back, he said. The French business magnate’s super wealthy foreign […]
29 April 2021

The Rich Find Haven in Dubai, and Luxury Home-Sale Boom Ensues

The wealthiest home buyers fleeing virus lockdowns for Dubai are still finding bargains aplenty, turning March into the busiest month ever for the emirate’s top-end residential properties. A record 84 properties, each worth 10 million dirhams ($2.7 million) or more, changed hands last month, according to data from real estate consultant Property Monitor. In total, Dubai’s priciest homes fetched 1.7 […]
27 April 2021

Property prices in Dubai record first yearly increase in six years

Property prices in Dubai have started to increase on the back of strong demand, with values in March rising by 1.3 percent compared to 2020, the first yearly increase since 2015, Property Monitor said on Tuesday. “Property prices have increased…, confirming the strong reversal of the downward trend of recent years,” the research firm said in a report. As of […]
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