Dubai's residential rents and sales reached records at the year's conclusion. Last month, CBRE reported that Dubai's real estate deals climbed by 63% to 8,662, with off-plan sales (92.5%) and secondary market transactions (35.4%) leading the way. In 2022, the emirate sold 90,800 homes, topping the 2009 record by 1,182. In December 2022, CBRE's Dubai Residential Market Snapshot reported 9.5% average...
Dubai has recently emerged as a prominent location for foreign investors looking to buy vacation residences and long-term rentals. Indian nationals currently top the list of buyers of real estate in Dubai by nationality, with the top 5 investors including those from the UK, Italy, France, and Russia. According to Dxbinteract, in the first half of this year compared to the first half of 2021, the number...
The Dubai property market never fails to impress by bringing out hit projects one after the other. We have passed the mid of 2022 and the market, as expected, is constantly putting out great choices for investors and buyers. Similarly, the month of May was another engaging one with multiple launches. Upcoming Projects and Plans: Following are the projects and plans which were set on in May. You can...
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