business

Rise In Interest Rates Is Unlikely To Affect Dubai’s Real Estate Market

Due to the rise in interest rates, demand for residential properties in Dubai could moderately increase. The rise in interest rate in Dubai is anticipated to reach 4.90% by the end of 2023, this could affect customers' ability to make purchases. The ongoing rise in interest rates is unlikely to have an impact on Dubai real estate, but it could hinder this year's expansion of the industry,...

Record breaking sales in 2022 in Dubai

Dubai’s Real Estate Market crosses 240bn in 2022

Dubai's Real Estate Market's strong performance of off-plan deals increased by 86% compared to 2021, this fueled market growth. The Real Estate Market in Dubai had a record-breaking year in 2022, according to Property Finder's Zeitgeist 2022 Report, with recorded sales hitting 88,028 transactions as of November, up from 60,258 transactions in 2021. This is a considerable increase of 46%...

Palm Jumeirah and Downtown in high demand as Real Estate market grows in Dubai

With price increases of nearly 3.3%, 2.5%, and 2%, respectively, Jumeirah, Downtown Dubai, and Palm Jumeirah remained the most popular apartment options in Dubai. The Dubai Real Estate market is poised for a robust end to the year with an almost 1.8% price gain in October and a similar trend in November and December as investors end-users continued to invest in the Emirate's real estate sector in...

Off-plan projects surge in Dubai

Off-plan Projects Surge in Dubai

Compared to November 2021, Off-plan projects roughly had a 100% surge in Dubai. According to ZāZEN Properties, Dubai's Real Estate market demonstrated post-pandemic resiliency by recording sales transactions totaling AED30.5 billion ($8.30 billion) in November. The developer has started off-plan sales for a new project in Al Furjan which is anticipated to be fuelled by growing interest in...

Compare listings

Compare