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One of the major developers of Sharjah is expanding its business and entering the Dubai real estate market. Arada is going to begin land development on the legendary island of Palm Jumeirah. It was purchased for $65 million from Dubai’s main developer, Nakheel. A state-of-the-art luxury housing project with an area of more than 20,000 sq. m can be implemented in the emirate. Sales will begin after the project is approved. According to the CEO of Arada, Ahmed Alkhoshaibi, the construction group won the auction among many competitors, as a lot of people were ready to buy the last land on the coast from Nakheel. A good location in one of the most popular places of the emirate makes the construction promising. The cost of the project is $ 410 million. It will be processed in the third...

According to ValuStrat, the Dubai Real Estate Capital Growth Index (VPI) increased by 16 points. The final results of the year are being calculated, as different quarters have demonstrated different indicators. They became the highest in the elite real estate sector in the 4th quarter of last year. The capital value of premium houses has risen sharply, thanks to the country’s economic development. 21 districts of Dubai and 13 gated communities with elite cottages are calculated for the index. As of December, the price index increased by 16.6%. For the last quarter, the growth rate was 5.3%. Almost 13% of total sales were in luxury villas. Such closed communities of premium houses, as Arabian Ranches (34.1%), Jumeirah Islands (33.9%), and Lakes (31.2%), showed the highest...

According to the largest news portal Khaleej Times, the Dubai elite real estate sector showed a 40% increase in prices in 2021, indicating a high interest in housing not only from local but also from foreign investors. According to the chairman of the leading developer of luxury real estate, PNC Menon Emirate has coped with the consequences of the pandemic and is ready to become prosperous in 2022. Dubai became one of the top four cities adapted for family living and proved itself to major investors. Menon noted that attractive visa reforms and successful vaccinations had increased demand. Expo 2020 has become another event that has made the market more stable. Almost 9 million people have already visited the country since it was opened. Menon makes optimistic forecasts for the...

The record figures of 2021 in real estate sales were fixed on the first day of work in Dubai. The total value of transactions on the first working Friday was $698 million. The total value of transactions in the first week of 2022 was $1.97 billion. These figures are related to the type of purchases: land sales dominated the market. According to the Dubai Land Department (DLD), they were responsible for the transactions on Friday. 12 land plots were sold for $698 million. Then the sales sector expanded, and in addition to land, buyers also invested in apartments and villas for $530 million. The three leaders in sales of the most expensive luxury apartments and villas included Palm Jumeirah ($136.1 million), Marsa Dubai ($134.7 million), and Al Barsha ($4.3 million). Premium villas were...

Dubai’s record growth in real estate sales in 2021 proved not only market stabilization but also its breakthrough. Analysts believe that the trend will continue in 2022 and impact the emirate’s elite real estate. Experts explain this for several reasons: • The influx of foreigners thanks to Expo 2020. • Demand for housing among remote workers. • Buyers need a large-sized property where they can feel comfortable, whether there are restrictions caused by the pandemic or not. • Actions of the authorities to create favorable visa conditions. The prospects of the luxury real estate market are different. According to the report of the analytical company MENA, property prices will continue to rise. This is due to the increased profitability of luxury...

The second half of 2021 demonstrated growth in real estate sales in Dubai. The market showed record numbers, reaching 2014 levels for the first time after the recession. Those who have invested in Dubai real estate in 2022 can get a substantial profit from the sale of the property. This is due to the growing demand associated with Expo 2020. However, this trend extends to any real estate. The demand for elite housing has increased in prestigious communities. These are luxury properties in Palm Jumeirah and Dubai Hills, where prices have risen on average from 15% to 30% in the past year. This trend is likely to continue this year. Therefore, it is equally advantageous to sell houses, apartments, and villas to profit and invest in them as a long-term investment. Short-term investments in...

Sustainable City in Dubai presents tent houses for all those who care about the environment. The project in the suburban part provides for minimal environmental impact. There are only renewable energy and water, a unique approach to recycling waste and converting it into secondary raw materials. There are rented properties and villas available for purchase. Moreover, the layout offers unique sphere-style shapes and classic designs. The peculiarity of these buildings is adaptability to nature. The project was launched in 2018, however, due to the global pandemic, it was not implemented as planned. The houses are powered by solar panels. Considering that the sun shines more than 355 times a year in Dubai, there are no problems with the energy source. The use of plastic is also as limited as...

According to the Dubai Land Department, the number of transactions increased to 71% in 2021, reaching 65% in the past period. The total amount of investments exceeded AED 148 billion, almost $40.3 billion. Their cost has increased by 100%. Dubai Marina is the leading district. In terms of the number of transactions (7968), the community ranks first among other communities. The most expensive buildings were also sold here, the value of which reached $ 7.79 billion. The Palm Jumeirah is the second most popular among investors buying luxury housing. The total value of transactions in the community was $7.24 billion. Business Bay closes the top three. In total, the projects for about $3 billion were completed in 2021. This is only 35 commissioned buildings. Over 300 are ready to be...

According to Knight Frank, the largest analytical agency, the cost per square meter of living space in the elite Burj Khalifa skyscraper has increased to AED 2,100, almost 23% of the prices in 2020. This demonstrates the increased interest of investors in premium real estate. Although the building was put into operation more than two decades ago, the demand for apartments is not decreasing. The total value of residential transactions in the skyscraper in 2021 reached AED 317,000,000. The exclusive nature of the tower is not only that it is in demand. The peculiarity of this skyscraper is that the view of it increases housing prices in other buildings. A good example was the villas in Palm Jumeirah, the highest sales value, one of which was AED 121,000,000. In addition to the resort...

2021 was a record year for the Dubai housing market. With the opening of the borders, investors began to return to the market of the UAE’s largest emirate. The competent policy of state bodies helped to contain the pandemic and create favorable conditions for attracting foreign capital. Visa reforms for obtaining a residence permit when buying real estate have become another reason to purchase it. Analysts note that the number of transactions in 2021 reached the 2012-2014 level. The total value of real estate has increased by more than 100%. Data from the Dubai Land Department in mid-December indicate that the figure has reached $38.8 billion. Whereas in 2020, the property was sold for only $19.74 billion. Rizwan Sajan, head of the largest construction company Danube Properties,...

The market for sales of luxury villas, penthouses, and other premium properties broke all records in 2021. This number of transactions has not been observed since 2012, and their value has demonstrated the demand for luxury properties. The last record of the year was the sale of a land plot in the Jumeirah Bay. It was bought for AED 80,000,000. This is not the first big deal in the area. At the end of autumn, a penthouse was sold here for AED 40,000,000 and a house for over AED 120,000,000. It was the most expensive purchase in 2021, with prices in the country’s largest metropolis rising by almost 100%. Investors are returning to the Dubai market and choosing housing for over AED 36,729,596 ($10,000,000). The Dubai Land Department notes that 1,685 transactions totaling over AED 7...

Danube Properties plans to implement new projects in the prestigious communities of Dubai –Dubai Marina and Downtown Dubai. The developer confirmed cooperation with the owners of land plots, on which further plans for the sale of housing depend. It is planned to conclude the discussions in the first weeks of the year, after which it will be possible to start work on project details and start sales. Vice-chairman of the construction company Anis Sajan says that the group's projects will provide buyers with affordable luxury. If the developer specialized in housing stock in the middle price category, then in the new project, it will not adhere to the usual budget. Premium-class land plots will be built up with real estate of the appropriate class. Cost control will be based on joint...

Dubai’s elite districts showed the most spectacular growth in demand this year, as investors prefer to invest in spacious and comfortable real estate. According to the price index of the real estate consulting company ValuStrat, villas and apartments in prestigious areas of Dubai, such as Palm Jumeirah, Arabian Ranches, Dukes, Emirates Hills, showed double-digit growth in prices and transactions in November. Year-on-year prices for villas in Arabian Ranches increased by more than 34%. Lakes is slightly lower in numbers, with a 31.2% increase. Zoom Property Insights notes that the elite areas of Dubai are in demand due to their convenient location and developed infrastructure. The company’s latest analysis showed that Dubai Marina, Business Bay, and Jumeirah Village Circle...

Foreign investors are interested in obtaining analytical information on the real estate and rental market in Dubai. Here is the latest information for those who are going to buy a villa in the largest emirates to get a passive income. What to expect in 2022 Prices for premium properties have increased significantly in 2021. This is from 20 to 40%, depending on the area and comfort level of the property. The rent is equal to the cost of selling and buying real estate. It is expected that the peak will fall on the New Year holidays. The rapid growth of demand caused this boom: developers are unable to satisfy all customers' wishes. Even off-plan projects are implemented in the first days after the opening of sales. There are few available villas, and even after the commissioning of new...

The analysis of Dubai housing stock sales for 11 months of this year showed impressive results. Compared to the same period last year, the growth was almost 88.4%. The statistics are as follows: 55,640 home purchases from January 2021 to early December. The total sales value was over $36.8 billion. In November alone, transactions increased by 80%, the best result since 2014. Real estate prices in the emirate increased by 21%, and in some popular resort areas, this figure reached 30%. A successful response to the pandemic and incentives to attract foreign investment from the authorities contribute to market development. These are special conditions for pensioners, the Golden Visa program, and Expo 2020. What are the prospects for the Dubai real estate market According to Haider...