With over 72,300 units scheduled for handover this year, investors can anticipate a stabilisation in prices By Waheed Abbas The Dubai real estate market is expected to stabilise in 2025, with rent increases slowing down. Industry executives attribute this to an abundant supply of new properties and the implementation of the smart rental index. “The new index, which offers transparent...
Starting February 1, UAE banks will no longer finance the four per cent DLD fees and two per cent brokerage commission By Waheed Abbas Property buyers opting for a mortgage will have to shell out the Dubai Land Department (DLD) fee and brokerage fee as part of their upfront fee from next week. Real estate industry executives said that banks were previously financing DLD’s four per cent fee and...
The city attracted 110,000 new investors to its property sector, achieving a remarkable 55 per cent increase By WAM Dubai's real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its history. The record number of procedures, which include both real estate transactions and rental agreements, represent a 17 per cent increase compared to 2023. Real estate transactions...
Year-to-date figures have already crossed full year 2023 sales By Somshankar Bandyopadhyay Dubai, a city synonymous with opulence and grandeur, continues to captivate the world with its ultra-luxury real estate market. As we draw curtains on 2024, this dynamic sector shows no signs of slowing down, attracting discerning investors and homebuyers from across the globe1. From the iconic Palm...
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