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  • Real estate sales of the largest developer of luxury real estate are growing on the market recovery
    06.04.2022

    Sales of residential real estate by Emaar Properties experienced rapid growth in 2021. Dubai's largest developer has successfully mastered the new demand born on the market recovery in the past year. The company's annual revenue increased by 51% to USD 4,800,000,000, which also demonstrates the degree of willingness of wealthy buyers to spend...

  • Dubai keeps doors open for wealthy Europeans
    30.03.2022

    The Arab Emirates have its own reasons to keep a neutral position in the current situation. The country has disagreements with the United States over the conflict in Yemen, besides, the UAE authorities have long been leaning towards China, its economy and investors. Together with European, millions and billions of dollars arrive in the country in...

  • Premium real estate is being sold for years to come
    23.03.2022

    According to a number of sources, from 11,071 to 12,119 residential real estate transactions were completed in January–February 2022. This is the highest start of the year in the entire history of observations. This record is a natural continuation of the explosive growth of the market in 2021. The total value of real estate transactions...

  • Dubai Luxury Real Estate Market: Four main areas of demand growth
    18.03.2022

    Not so much in spite of, but Dubai's premium real estate segment showed incredible growth in 2021. Due in no small part to this type of property, the emirate's market has achieved exceptional historical results. By the end of 2021, an average of 17% increase in prices was recorded in Dubai. A record number of new investors and wealthy buyers who...

  • The construction of the world's tallest luxury hotel is already half completed
    16.03.2022

    Five properties from the list of the 100 highest buildings in the world are located in Dubai and in 2024 a new elite hotel «Ciel» will join its list. The height of the skyscraper will be 365 meters. The building is being built by the efforts of The First Group. At the moment, the 52-floor milestone has already been overcome. It is...

  • Sales of premium residential real estate in Dubai set a record in 2021
    14.03.2022

    The volume and cost of luxury properties in the emirate have reached record levels that Dubai has not recorded since 2015. In total, in 2021, more than 52,000 villas and apartments were sold in the city, the total value of which exceeded USD 31,000,000,000. It is more than the combined results of 2019 and 2020. At the same time, 93 properties of...

  • Premium housing prices rise all over the world
    11.03.2022

    In the annual Wealth Report, the international consulting company Knight Frank shared the latest data of their Prime International Residential Index 100 (PIRI 100). Based on data from the world’s 100 largest real estate markets, the company reported that premium house prices rose by 8.4% in 2021. This is 2% higher than in 2020. With a 13%...

  • Likely, the significant increase in demand and prices of Dubai premium properties will not be repeated in 2022
    09.03.2022

    In 2021, the elite property segment in Dubai grew rapidly among other key world markets. According to a report by the consulting agency Knight Frank, this situation will not happen again this year. Very high growth rates were related to high demand from foreign investors and their confidence and desire to invest in safe assets. These assets were...

  • Knight Frank: In 2021, 29% of Indian ultra-high-net-worth individuals’ money went to purchase real estate
    07.03.2022

    Wealth Report 2022, a report by the international consulting agency Knight Frank, indicates that last year’s demand leaders were the United Kingdom, the United Arab Emirates, and the United States. Looking ahead, according to the report, in 2022, super-rich Indian buyers are ready to spend 21% of their total funds on the purchase of...

  • Dubai housing market in 2022 and its prospects
    04.03.2022

    2021 showed unexpected results, demonstrating the recovery of the Dubai housing market, despite the global pandemic. The Dubai Land Department reports that the last quarter of 2021 saw high rates of real estate purchases. There were the most significant figures in December, a month that is considered quiet in real estate sales. The total cost of...

  • Rise in property prices in Dubai peaks in comparison with 2015
    02.03.2022

    According to the analytical report of the international consulting company CBRE, the Dubai real estate market has reached record levels in 2015 for the first time in the past seven years. The number of transactions in the first month of the year increased by more than 80% compared to the same period in 2021. The growth in demand for ready-made...

  • New Gardenia Townhomes II project launches in Jebel Ali, Dubai
    28.02.2022

    Wasl properties has announced sales in the new Gardenia Townhomes II complex. It will be a continuation of the Dubai Jebel Ali sub-community. The first part of the project was successfully implemented in 2019 when all 257 housing units were sold out in the first days of sales. Gardenia Townhomes II includes 92 townhouses of different sizes. Of...

  • Dubai real estate prices rise by 33% in January 2022, market remains stable
    25.02.2022

    The annual rise in elite property prices was 35.1%, and the demand continues to grow. The total increase in property prices in the emirate was 33% in January 2022. In annual terms, budget real estate increased by 15.7%, affordable property — by 37.2%, and elite housing — by 35.1%. The local market attracts many wealthy investors and...

  • Savills: Dubai luxury housing market becomes one of most popular in 2021
    23.02.2022

    Savills' World Cities Prime Residential Index evaluates over 30 major housing markets, including New York, London, Paris, and Moscow, by the popularity of elite properties with buyers and tenants. The index indicates that Dubai has gained popularity from wealthy buyers for competitive prices, high indicators of quality of life, and high...

  • Emaar Properties completes 2021 with highest profit in company history
    21.02.2022

    One of the leaders of the real estate market, known for its focus on premium real estate, earned $9.1 billion, thereby increasing annual sales revenue by 209%. In 2020, Emaar's real estate revenues amounted to $ 2.9 billion. A year later, the company reported sales of $9.1 billion. This is the highest figure since the company was founded in 1997...