According to realty analysts, Dubai’s real estate industry, which accounted for over half of the GCC’s transactions valued at $171.6 billion in 2023, will continue to rule the region’s thriving real estate market in 2024.According to analysts at Kamco Invest, frontline developers with strong liquidity, especially in Dubai and Riyadh, should be able to quickly calibrate to bring the right product...
Declared for sale at Dh600 million, the largest penthouse in Dubai was revealed by Emerald Palace Group (EPG) on Wednesday.The Raffles The Palm Dubai Residences’ top three floors as well as their rooftop make up the Super Penthouse R1, which has a total built-up area of 77,707 square feet. This creates a new record for the largest private residence in Dubai real estate history, which is a noteworthy...
Mortgages will become more popular among UAE property buyers, particularly end users, in 2024 as interest rates are predicted to fall by as much as 100 basis points.According to real estate experts, shifts in mortgage rates have a big influence on how prospective buyers approach purchasing real estate in the United Arab Emirates. They point out that many UAE renters may take advantage of this and convert...
The supply of residential real estate in Dubai is lagging behind the growth of the population, and in some areas of the emirate, there is a shortage of affordable housing in addition to luxury.Industry leaders predict that even in 2024, supply will fall short of demand because of the large influx of foreigners and residents who are becoming buyers due to rising rental costs.Fifty thousand new residential...
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