Category Archives: Dubai economy

 Livin’ On A Prayer                                                                             17 May 2024 Mainly attributable to marked growth in affordable and mid-market communities, Q1 property prices in Dubai rose for the fifteenth consecutive quarter. Cushman & Wakefield Core noted that “there are no signs of … Continue reading →

Island In The Sun!                                                                         10 May 2024 Latest data from Knight Frank indicates that in Q1, Dubai’s ultra-luxury developments, (those residences valued at US$ 10 million plus), showed a 19% jump on the year to hit a new record … Continue reading →

Waiting for the Great Leap Forwards!                                  03 May 2024 Amali Properties unveiled its first master-planned community, Amali Island on The World Islands, housing twenty-four villas, priced at between US$ 13.6 million and US$ 34.0 million, with one villa valued … Continue reading →

The Rent Is Always Due!                                                                                 26 April 2024 A sure indicator that Dubai’s property sector is in rude health is borne out by Cavendish Maxwell posting that, on average, there was a launch of a new property project every … Continue reading →

What’s Going On?                                                                        19 April 2024 A Knight Frank report indicated that, in Q1, there had been one hundred and five recorded sales of homes priced at more than US$ 10 million – 19% higher on the year, with … Continue reading →

Cruel Summer!                                                                               12 April 2024 With RERA’s March amendment to its rental index, that allowed property owners to increase rents to bring them in line with the market value, many landlords in Dubai have started increasing rents upon renewal … Continue reading →

Green Green Grass of Home!                                                    05 April 2024 There was an interesting fact, emanating from Property Finder’s Q1 survey, which showed that a marked 40% of property sales in Dubai have gone to home seekers looking to buy villas; … Continue reading →

It’s A Sign Of The Times!                                               29 March 2024 Q1 is well on course to see the Dubai real estate sector post over US$ 27.2 billion, (AED 100 billion) in sales and over 30k transactions. The first two months … Continue reading →

According to panellists at JLL’s “Navigating the growth spectrum: Exploring Strategies for sustained success”, Dubai’s real estate sector is expected to continue its upward trajectory in 2024, despite a softening global outlook, and on track to deliver approximately 34k units, … Continue reading →

The Way It Is!                                                 15 March 2024 Muhammad Binghatti, CEO of Binghatti Holding, has given three important reasons why the Dubai property sector continues to expand, with him expecting average prices increasing by 14.0% this year.  They are population growth, … Continue reading →