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When comparing these entry requests, rental contracts and real estate sales in January-March 2021 and the same period in 2022, it became possible to identify where the main interest of Dubai residents has shifted over the year and where this interest will continue to move in the future. The data below was provided by the relocation company Service...

According to a recent analysis of the largest international real estate markets (approx. by city), Dubai ranked 14th in the top of the highest cost of renting premium /elite office space. The leaders were London, Hong Kong and Tokyo. At the moment, the cost of renting a premium class office in Dubai will cost a little more than $1,010 per square...

The first quarter of 2022 showed extremely impressive growth rates in the Dubai real estate market. According to the Dubai Land Department (DLD), almost 26,000 real estate purchase transactions were registered in the emirate in the first three months, which was the largest number of transactions since 2010. The volume of transactions and the speed...

One of the Dubai hotel chains, located in the Jumeirah Bay Island area, recently announced that it was able to sell the most expensive residential property in Dubai market. We are talking about a three-room apartment at a really historically record price of $36,994 per square meter. This property is elite in every sense, but even in its category,...

The current year was predicted to set numerous records at its very beginning. Fresh data for the first quarter of 2022 largely confirmed such expectations, although in some cases the growth came from extremely unexpected sources. Nevertheless, it is useful to consider the results of the first quarter not only in the perspective of their growth...

The Cabinet of Ministers of the United Arab Emirates has approved changes to the existing regulations of resident programs and the issuance of visas for foreigners, largely simplifying the process and making it more transparent. In a statement on the new legislation, it was stated: «The new system of granting resident visas aims to create an...

The South of Dubai, specifically the Dubai South and District 2020 districts, the former site of Expo-2020 event, are becoming the main destinations for consumer demand. However, we are talking more about «consumers» interested in affordable housing for their own needs, and not about investors. Last but not least, the engine of such a...

In the first quarter of 2022, an increase in business activity was recorded in all market sectors and at all levels. Residential real estate sector The average price of residential real estate in Dubai increased by 11.3% from the beginning of the year to March 2022. On average, apartment prices increased by 10%, and the villa segment showed an...

In the first quarter of 2022, the rental and leasing of industrial real estate in Dubai showed strong recovery growth. With the growth of business activity in the emirate, the demand for warehouses is also growing, the number of contracts, their duration and rental rates are increasing. Since the beginning of the year to the present day, seven of...

The current year has brought a new historical record to the emirate's real estate market, as the first quarter of 2022 was the most successful for Dubai in the entire history of observations. In figures, March 2022 reached an indicator of 7,865 real estate transactions — an increase of 83.4% in annual terms. During the same period, sales in...

Despite the fact that both apartments and villas show strong growth rates, analysts and market experts generally agree that the latter will continue to grow at a more pronounced pace both in terms of the number of sales and their cost, and in terms of the prices of properties. Developers also focus their attention, first of all, on villas. Since...

The beginning of 2022 demonstrated two changes in the economy of the Arab Emirates at once: a noticeable increase in the level of business activity in the country, which reached 54.8 points in March this year, combined with a significant increase in foreign investors and buyers. Large international companies are returning to the market again, a...

Although already in 2021, the shift of Dubai real estate market towards an active recovery led by the growth of the premium segment became obvious, it is 2022 that can be called the beginning of a new phase of development. First of all, it has become possible to talk in detail about a significant excess of demand and an increasingly noticeable...

Europeans have always been a major part of the UAE real estate market and, in particular, Dubai. So, in the first quarter of 2022, Europeans ranked fifth in the list of the largest categories of buyers in Dubai by nationality. This is the first noticeable increase since 2019, when this category took seventh place in the list. In annual terms, at...

Residential real estate of the island took the leading places in the list of the most expensive sales over the past quarter. In the first three months of this year, four major sales were made, which were highlighted by a record deal for a mansion with an area of 3,066 square meters. This acquisition cost the buyers 76.2 million dollars. At the...