Category Archives: Dubai economy

Charity Begins At Home!                                                         04 October 2024 fäm Properties posted that Q3 overall sales transactions topped 50.4k, (37.9% higher on the year and 16.6% to the good on the quarter). Volume wise, the 39.1k apartment sales accounted for 77.0% of … Continue reading →

History Repeats Itself?                                         20 September 2024   Reports indicate that Emaar is to build a new super tower and that it could be on par to compete with its sister tower, Burj Khalifa, to become the world’s biggest building – … Continue reading →

What A Shambles!                                                                         13 September 2024 Knight Frank’s Q2 Dubai Residential Market Review confirms that average residential prices increased by 21.3% over the past twelve months and again villa prices surpassed those of apartments. Over that period, villa sale … Continue reading →

Cover Up!                                                                         06 September 2024 Property Finder’s recent data points to a surge, by an increasing number of young families, to buy bigger apartments, (2 B/R apartments), and bigger villas, (4 B/R or larger villas). Demand is mostly driven … Continue reading →

1984!                                                                         30 August 2024 According to a Cushman and Wakefield Core report, Q4 saw a 14.0% annual hike in tenants renewing residential leases for the fourteenth consecutive quarter. In relation to rents, apartments were well ahead at an annual … Continue reading →

Black Swan                                                                          23 August 2024 In July, the top three developers in the off-plan market were Emaar Properties, Danube Properties and Sobha Group, with 23.0%, (2.08k transactions), 6.9%, (0.27k transactions), and 6.5%. ValuStrat noted that Emaar (20.3%), Damac (7.2%), … Continue reading →

Heads You Win, Tails I Lose!                                                      16 August 2024 Latest data released by ValuStrat will stagger some readers. It estimates that villa prices in the following ten Dubai communities have more than doubled over the past four years. Location                         AED … Continue reading →

Dress Rehearsal Rag!                                                        09 August 2024 This blog estimates that the apartment to villa ratio is 82:18; the latest official figures, in 2022, showed that there were 639.0k apartments and 144.6k villas in Dubai – and assuming a 50k … Continue reading →

This Is How We Do It!                                         02 August 2024 Latest data from ValuStrat indicates that Dubai is estimated to register a handover of 38.2k housing units this year, as the market continues to surge, even after three years of upward … Continue reading →