With a 40 percent to 60 percent increase in the number of foreign and local property buyers, the off-plan market is booming
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According to the study, Dubai also provides competitive advantages such as lower taxes, higher yields, and more affordable prices.
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The CBRE Dubai Residential Market Snapshot noted that average apartment and villa rents increased by 27.9% and 26.3%, respectively
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Simon Baker, Managing Director, haus & haus, sat down to discuss his outlook on the Dubai property market
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There are 350 real estate projects being developed in the emirate
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The government’s recent measures on real estate investment will increase market credibility, transparency and boost investor confidence in the growing sector
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Prices for villas grew at a rate of 1.7 percent in June, down from 2.3 percent last year
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Top deals were an apartment that sold for Dh373m in Marsa Dubai and a villa for Dh264m in Palm Jumeirah.
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Overall, property prices in the emirate have jumped 11.8% this year.
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In just 7 months, the value of real estate sales transactions has surpassed 2020.
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63.7 % of sales transactions were in the secondary/ready market and 36.3% in off-plan.
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Property prices reached $251.6 per sqft in June, the highest recorded in two years, mainly for completed villas in traditionally sought-after communities.
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