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2021 is a record year for the Dubai real estate market, which has successfully overcome the consequences of the global pandemic but also to increase boost demand. In terms of sales growth and prices, Dubai has surpassed Abu Dhabi. According to Faisal Durrani, head of Middle East Research at Knight Frank Middle East, the emirate is experiencing growth in the real estate sector as a result of the proper actions of the authorities. Since the Dubai market is dependent on the inflow of foreign capital, government initiatives to combat the coronavirus and profitable residency programs have helped attract investors. Durrani also noted that the opening of borders had contributed to the influx of foreign investors. The high standard of living in the emirate encourages even those who have visited...

According to Haider Tuaim, head of real estate research at the ValuStrat consulting agency, economic reforms in the UAE are helping to stabilize the sales market and increase demand. The upward trend in prices may continue in 2022, aided by the successful fight against coronavirus. Measures to attract foreign investors include: a residence permit to pensioners on preferential terms; a "golden visa" when buying luxury real estate, as well as for promising specialists. More than 50,000 residential units are expected to be commissioned next year. The accelerated pace of construction and new projects is driven by growing demand. It also pushes up prices. Dubai is the leader in this indicator in the UAE. While in Dubai, the price growth in the first 10 months reached 21%, in Abu Dhabi...

Over the past period of this year, the level of sales of elite properties in Dubai has started to grow rapidly and reached figures last recorded before the pandemic. According to ValuStrat, housing prices are at their peak and are close to their peak in 2014. In 2021, the cost of luxury homes is only 3.9% below this figure. However, the growth rate of demand is slowing down, although villas are still the main driving force of the market. Sales volume increased by more than 34%. Arabian Ranches, Jumeriah Islands, and Lakes are the communities with the highest price increases. The price growth in the community is 34.1%, 33.9%, and 31.2%, respectively. In other areas, the picture is more stable. Prices have not changed and dropped slightly only in Dubai Production City and Dubai Sports City....

According to Faisal Durrani, head of Middle East Research at Knight Frank, the Dubai market is recovering. The pace of recovery of the sector after the pandemic is striking: economic recovery, impressive sales, and growing demand for elite housing are driving up prices. This is due not only to the authorities' victory over Covid-19 but also to the interest in Expo 2020. Potential investors see Dubai as an ideal place to stay during the unstable situation with the pandemic. And if not so long ago, apartments were in demand, for today people want to buy elite houses. Apartments are also a popular type of real estate, but in the luxury segment, with panoramic windows, free areas, terraces, and other elements that improve the quality of life. Increased demand has led to an increase in the...

According to Property Finder, real estate transactions in Dubai are valued at $36.8 billion, higher than last year. The amount of investments exceeded the costs in 2020 by 88.39%. Since Expo 2020, there has been an increased demand for primary and secondary housing. A total of 12,352 residential properties were sold from October to November. There are 7,000 deals for new buildings or commissioned houses and another 5,352 deals for off-plan properties. November figures surpassed those of previous years, and this month can be considered the best in sales since 2013 when the exhibition plans were announced. According to Linnette Sacchetto, Director of Analytical Research at Property Finder, the first fruits of Expo 2020 are already visible in sales figures. In the first month alone, 2.35...

According to the analytical studies of the consulting company ValuStrat, there is an increased demand for premium properties in Dubai for 2021. Buyers choose villas and townhouses in areas, such as Palm Jumeirah, Arabian Ranches, Lakes, Jumeirah Beach, and other communities with separate and luxurious lifestyles. So, in Arabian Ranches, the number of transactions increased by almost 60% over the year, and villa prices increased by 34.1%. In the Lakes community, the figure is slightly lower: the cost of houses increased by 31.2%, and sales growth was 16%. According to experts, the cost of real estate in prestigious locations will only grow. Haider Tuaima, head of Research at ValuStrat, says that this situation is due to increased demand. This trend will continue in 2022, although the rate...

Knight Frank, a consulting company, announced the results of analytical studies and reported a 21% rise in property prices in Dubai this year. The reason for this was the active interest of wealthy foreign investors. Developers seek to attract a potential audience to luxury properties that are successful due to increased demand. There are projects on the market worth $29,400 per square meter. And this is not the peak of opportunities, because, compared to the most successful year of sales, prices have not yet reached the 2014 figures by almost 30%. According to Faisal Durrani, an official representative of Knight Frank, clear coordination of actions during the pandemic contributed to the development of the UAE market. He also noted the changing attitudes of buyers towards housing choices...

Premium real estate occupies a leading position in the Dubai real estate market. Recent transactions show the interest of buyers in this type of real estate. For example, a penthouse with an area of 6,550 sq. m. meters was sold in Jumeirah Bay for AED 40 million. This is almost $11 million. The exclusive residence in Bulgaria Resorts & Residences attracts attention not only with its spacious area. The design uses expensive materials that make the penthouse exclusive. According to the Dubai Land Department, housing prices in an elite building have risen by 20% since 2018, but even these high prices attract wealthy investors. The second deal was made on the Palm Jumeirah this month. Innovate Living has sold a new Palme Couture penthouse for AED 95 million ($25,863,700). Although after...

At present, the number of concluded transactions has increased by 38.3% compared to 2020. In total, the cost increased by 63.4%. In October, DLD registered 5,352 sales transactions worth AED 13.12 billion. Ready-made housing is a popular type of real estate. It accounts for 60% of transactions. These are 3,219 sales transactions worth AED 8.72 billion. 40% of the real estate was purchased as off-plan. In total, 2,133 properties were purchased for AED 4.4 billion. Developers account for 3,395 transactions worth over AED 8 billion. Expo 2020 contributed to the sales growth, which was a turning point in the market revival. The result of October was the best in the last eight years. According to the official Mo'asher index, 2012 is the base year. The calculated data show that for 10 months...

According to one of the promising and successful developers of the UAE, Rizwan Sajan, head of the Danube Group, the leading role in the market is played by owners who purchase housing for accommodation. They contributed to the stabilization of the situation and the increase in demand. There is a direct link in capital inflows that eliminates the probable risks of developer default. During the Cityscape Global exhibition, Rizwan Sajan said that in its projects, the company saw the increased interest of future residents who, while waiting for the houses to be put into operation, made stable payments. The Danube Group developer, which has just launched a new Skyz project worth over $108,000,000, needs a detailed look at the real estate market like no other. According to Rizwan Sajan, end...

The real estate market of the country’s most popular emirate has been revived for a year now. The prices of Dubai’s housing stock are rising steadily. In October, the increase was just under 1%, and the average cost per square meter reached $870. However, the situation is now stable compared to the latest price increase of 2.51% in June. Overall, annual figures have already surpassed those of last year. Prices have now risen by almost 20%, and a subsequent increase is expected in the last months of the year. Villas and townhouses purchased in popular metropolitan areas remain the most sought-after segment of the market. Consumer demand forces sellers to raise prices, which is likely to shift interest to other housing types. In this situation, flats and apartments seem more...

Dubai developer Azizi announced the implementation of the Park Avenue project. It includes three premium residential complexes of 372 residential and 29 commercial properties. Construction is scheduled to be completed in the second quarter of next year. Currently, construction processes cover about 20% of the total work. Each of the buildings is adapted for comfortable living and has its swimming pool and gym. The complex is within walking distance of the city center, on Maidan Avenue, while providing privacy. According to the director of the company, Farhad Azizi, contacts with reliable suppliers of materials have helped to accelerate the construction while maintaining high quality. Real estate in the new complex is in demand not only among locals but also foreign investors, Azizi noted...

The simplified visa program for moving to the United Arab Emirates is rapidly gaining momentum. Its mission is to attract investors and individuals who can contribute to the country’s economic development, science, and culture in the country. Medical workers, scientists, specialists in IT technologies, athletes, and cultural figures can apply for registration. The Residency Service deals with this area and, together with the Department of Health, announced the latest health insurance requirements. Under these arrangements, insurance can be simplified inside and outside the country to make it easier to obtain a golden visa. Under the regulations, citizens working in Abu Dhabi can apply for a golden visa. Their employer pays for their health insurance. The second category includes...

Nakheel, one of the largest developers in the UAE, has announced the reconstruction of the historical part of Dubai. Jebel Ali Village will be built up with a complex of premium villas. Elite properties will be located on the hill and planted with greenery. Everything necessary for a comfortable stay will be inside. Sales will start on November 7. It is planned to build and sell houses in the residential complex in stages. The first line will have villas with four and five bedrooms. Houses will have 6.5-acre land plots. The buildings will be located in one row. The free space can be expanded by building an upper floor. According to the developer, the district reconstruction will help to increase its investment value and preserve the heritage for future generations. The developer's...

A penthouse for $13,600,000 was sold in Downtown Dubai. The apartments have a favorable geographical location. They are located near the largest shopping center Dubai Mall. The penthouse overlooks the legendary UAE skyscraper, the Burj Khalifa. The owner purchased a luxury apartment on two levels. The apartment has six bedrooms, with a personal bathroom. Inside, there is an exclusive finish with expensive materials and luxury furniture. The building is located in The 118 tower and has another premium penthouse. In addition to living spaces and dressing rooms, residents can use the 3000 sq. m swimming pool, landscaped garden, and terrace. The residential complex offers a full range of round-the-clock services, ranging from a fitness center and laundry to private drivers. The penthouse...