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Dubai: Investors from across the globe looking to invest in real estate see the UAE as one of the most lucrative of destinations. The property market has grown its attractiveness both among the new and seasoned investors. The place offers higher profits on your investment, otherwise known as return on investment or ROI, compared to several established global property markets, […]

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 […]

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 […]

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

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]