News

Dubai: Buying a home is a dream come true for most people. It’s also a form of a forced savings system, as every instalment made towards the payment of your home helps build home equity. So, what is home equity? Equity is the difference between what you owe on your mortgage and what your home is currently worth. Here’s an […]

Property prices in Dubai rose 15 per cent in July, as the emirate’s economy recovers from the coronavirus pandemic on the back of the UAE’s vaccination programme and new stimulus measures, according to Property Monitor. The average property price in the emirate climbed to Dh941 per square foot ($256) last month from Dh818 per square foot recorded during the same […]

July was the strongest month on record for Dubai’s luxury housing market, according to a report Wednesday from Cavendish Maxwell. High-end homes, those priced at AED 10 million (US$2.7 million), grew to make up a 3.4% share of total home sales last month, up from 2.3% in June, according to Property Monitor, the data arm of Cavendish Maxwell. There were […]

The UAE government’s prudent handling of the pandemic, a high vaccination rate and a desire for space have seen overseas buyers, especially Europeans, flocking to Dubai’s real estate market over the first two quarters of 2021.  Richard Waind, Group Managing Director, Better Homes said European buyers are among the top investors buying property in Dubai.  He said: “We saw a […]

Hear the COO of Property Monitor, Zhann Jochinke discuss the latest findings from the Property Monitor monthly market report on the Business Breakfast show, Dubai Eye 103.8 FM.

European buyers, mostly end-users relocating their families to the relative safety of Dubai, have been driving a significant rebound in the emirate’s property sector as prices hit an eight-year high, recording a 10 per cent year-on-year jump in June. A report by Property Monitor, a leading property portal, said European buyers emerged as “a key demographic recently, driving sales with […]

Dubai’s residential property market continues on its recovery path with prices increasing by 2.1 percent in June, reaching AED924 per sq ft ($251.6), the highest they’ve been in two years, according to the latest report by regional real estate intelligence platform Property Monitor. Since bottoming out in November 2020, property prices have risen by 12.7 percent, although recovery is still uneven across […]

Dubai villa prices sustained an upward trend during the second quarter of 2021 as end-users and investors flocked to strike deals for ready-to-move properties, latest data shows. Villas, which represent 13 per cent of the residential market in Dubai, spearheaded growth with a quarterly increase of seven per cent and an annual expansion of 6.3 per cent. “Up to 10.3 […]

Dubai: Smart investors understand that investing in real estate is the best way to make a good passive income. It’s a great medium to put your money to work, making financial gains. Investing in the property market in the UAE, in particular, is considered a lucrative investment destination, as the place generates high rental yields when compared to several other […]

The Dubai real estate market is gaining momentum as the emirate emerges from a Covid-19 induced slowdown and will stage a strong rebound in second half due to stimulus packages, visa reforms and strong demand from end-users and investors, experts say. Leading developers, executives and analysts said residential segment has already bottomed out and offers good opportunities for developers on […]