News

The Dubai Expo 2020, a six-month-long extravaganza of innovation, was forecast to be an antidote to the emirate’s lackluster luxury property market last fall. One year on and the high-end market is thriving all on its own, and the Expo—now kicking-off Oct. 1 after being pushed back from its original Oct. 20, 2020 start date as a result of the […]

Dubai’s apartments are poised to lead the next leg of property market recovery this year, as the supply of villas in the emirate is beginning to dwindle, an analyst said.  Dubai’s real estate has started to recover since prices bottomed out in November last year. But the positive performance has been dominated by single or detached homes, as well as […]

Property prices in Dubai rose for the tenth month in a row in August and are likely to continue their upward trajectory over the next two years, according to consultancy Property Finder.  Villa and apartment sale prices in Dubai have been going up since they hit their lowest levels in November 2020, reaching 956 dirhams ($260) per square foot last […]

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 […]