Dubai's property sector is back in the spotlight as one of the hottest real estate markets where individuals and investors flock in droves to purchase high-end properties, Betterhomes said on Tuesday.Releasing its H1 2021 Dubai Real Estate Market Report, the real estate brokerage said that the number of units sold increased by 70 per cent in the first half of 2021 compared to the same period last year and...
A total of 1,617 real estate and properties transactions were valued at Dh5.4 billion during the week ending July 29, 2021, according to Dubai Land Department (DLD).The DLD weekly report said 88 plots were sold for Dh620.22 million, 1,135 apartments and villas were sold for Dh2.27 billion.The top three transactions were a land in Island 2 sold for Dh121 million, followed by a land that was sold for Dh50.27...
Dubai’s property sector will sustain a positive momentum in the second half of 2021 as visa reforms, successful Covid-19 vaccination plan and government measures to support the economy spur demand and manage oversupply, experts say.Analysts and experts said the villa segment is performing better than apartments and positive sentiments will lift property prices up to five per cent during the July-December...
Sales and rents of properties in Dubai's most popular areas have seen a significant jump in the first half of 2021 thanks to the emirate's proactive moves that have spurred demand. These moves include the introduction of the Golden Visa, 100 percent foreign company ownership and remote work visas, in addition to the swift rollout of vaccination campaigns to make the emirate a safe place for investors and...
Dubai's real estate market is showing signs of gradual recovery, according to data from leading property consultants JLL Mena and Knight Frank.In its latest UAE Real Estate Market review, JLL emphasises that the UAE hotel market will continue "to experience signs of recovery", especially with the new supply of hotel rooms in the run up to Expo 2020 Dubai.Dubai will add an additional 12,000 keys over the...
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 most being end...
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 centDubai 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...
During the two waves of COVID-19, wealthy Indians picked up second homes in Dubai, lured largely by its tax-friendly laws and the availability of immediate residency status through real estate investments, not to mention an international lifestyle and the distance from Indian shores.Bollywood actor Sanjay Dutt received his Golden Visa in May.Dubai’s real estate market has been booming over the past five...
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 premium...
Deloitte’s seventh annual Middle East Real Estate Predictions report examines the performance of Dubai’s real estate market in 2020 and forecasts the changes in the hospitality, residential, office, retail, industrial and logistics in 2021. COVID-19 has caused significant disruption across all real estate sectors in 2020 with owners and occupiers having to make necessary adjustments to business...