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  • ValuStrat: On the growth of rental rates in 2022

    The latest report from the consulting agency indicates that the rental rates will continue to rise for residential and commercial properties slowly but steadily. Real estate sales prices and rental rates in Dubai have almost reached pre-pandemic levels. The number of transactions and their cost broke records in 2021. However, one must not forget...

  • The most affordable and most expensive areas to rent apartments in Dubai

    As of the beginning of January 2022. Popular areas for those looking for apartments at affordable prices are: Jumeirah Village Circle (JVC); Al Nahda; Mirdif; Dubai Silicon Oasis; Akoya Oxygen. Affordable apartments are popular in Dubai South and Reem Dubai. Luxury apartments are the best in such neighborhoods as: Dubai...

  • On the first working Friday of 2022, Dubai recorded transactions for about $690 million

    The data from the Dubai Land Department (DLD) indicates 173 transactions, and according to other data — 227 on the first working Friday of January. As a result of the new labor week system, 1,766 transactions for $1.97 billion were concluded in the first 7 days of 2022. The new working week lasts four and a half days. The second half of...

  • DLD: In 2021, 84,772 real estate transactions for $82 billion were registered in Dubai

    The Dubai Land Department (DLD) report released in early January indicates a 65% increase in transactions and a 71% increase in value compared to 2020. In 2021, 52,415 investors made 72,207 real estate investments for $40.29 billion in the emirate. Thus, compared to 2020, the number of investments increased by 73.7% and the number of investors by...

  • ValuStrat: For 2021, average property prices in Dubai rose by 17%

    Prices for villas in Palm Jumeirah are only 1.5% of the record figures of 2014. The annual average price increase of 17% has been unprecedented since 2014. According to ValuStrat Price Index (VPI), an index of changes in the capital value of freehold real estate and offices, villas increased by 2.5%, while apartments increased by about 1%...

  • The Central Bank of the UAE strengthens its control over real estate banks

    The new regulations will come into force on December 30, 2021. On December 20, Monday, the Central Bank of the UAE announced that it plans to introduce new and improved rules of supervision and regulation for banks providing their financial instruments for the real estate market. These regulations will come into force on December 30 – they...

  • In November 2021, real estate transactions in Dubai increase by 88% year-on-year

    November-December 2020 marked a turning point in the market recovery after the first and worst period of the pandemic. November 2021 records the results of this fracture. Between November 2020 and November 2021, there were 55,640 real estate transactions for $36.86 billion. In terms of the total number of transactions, this year was the highest...

  • Looking back at the real estate market in 2021

    Dubai market summary of the year by International Bankier. The professional financial publication International Bankier has released a summary of the main trends and results of 2021. In 2020, Dubai’s economy suffered the worst of the pandemic, but the past year not only prevented losses but also broke several long-standing records. In...

  • The list of leading developers of the MENA region published

    UAE companies take first place. The list was compiled by Forbes Middle East based on financial indicators, reputation, age of the company, and the value of completed and under-construction projects. The Forbes ME "Top 50 Real Estate Developers In MENA 2021" rating is based on a review of the leading companies in the MENA region (North Africa and...

  • ValuStrat: Villa value in Dubai slows down to stable rates

    In November 2021, ValuStrat, a consulting agency, released a report on the emirate's real estate market. Villa prices have reached a pre-pandemic level, but their growth rates should decrease in the future. Villa prices are reaching their record figures of 2014. Thus, houses in Palm Jumeirah are only 3.9% cheaper than at the peak of this year...

  • Real estate prices are expected to rise in the UAE in 2022

    Demand from foreign buyers and investors should remain strong — The National. The UAE real estate market has started to grow, recovering from a three-year decline in oil prices since 2014, reinforced by a constant oversupply and the onset of the COVID-19 pandemic. The growth is supported by continued high demand from foreign buyers,...

  • Asteco: Rent increases in Dubai may be short-lived, with more than 9,000 new properties on the market

    From January to September 2021, 12,175 apartments and 1,600 villas were commissioned on the market. It is expected that 8,000 new apartments and 1,300 villas will be built on the market by the end of this year or early 2022. Overall, the real estate market in Dubai has been growing since late 2020, when most of the quarantine restrictions were...

  • Reuters: Analysts expect that foreign demand will lead to a significant rise in property prices in Dubai next year

    In 2023, real estate prices are expected to increase by around 5%. Reuters conducted a survey of real estate market analysts for expected price changes next year. The price increase should be double that predicted three months ago. The main drivers of growth should be the demand from foreigners and the greater accessibility of real estate to...

  • As of November 2021, this year set the second eight-year property sales record in Dubai

    For 11 months of 2021, the amount of transactions in the emirate reached $36.86 billion. Expo 2020, held in Dubai, has a tremendous positive impact. The Government of the Emirate began publishing data on the number and total value of real estate transactions eight years ago. In November 2021, real estate transactions reached 7,000 in number and...

  • The results of the last week of November, rent in 2022, and the peak of the real estate market cycle

    December begins, and various market players are ready not only to take stock of this year but also to anticipate future development. In the last week of November, the real estate sector earned $871,000,000. A significant amount came from a transaction in the Island 2 multifunctional complex — $ 16 million. A total of 1,186 deals were made:...