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In 2021, Dubai property market deliver best sales numbers since 2009

Investor and end-user demand helped Dubai’s property market record its best sales transaction numbers since 2009, totalling Dh151.07 billion for last year. In 2009, Dubai set its highest sales tally ever in real estate, totalling Dh155 billion plus, according to Property Finder data. (In 2020, sales were just over the Dh70 billion mark.)End-user demand was the single biggest factor driving property...

For many Dubai property investors, now is a good time to sell

A record number of investors have been buying property in Dubai over the last six months, fuelling one of the best years for the local real estate market. But if you are an existing property owner in Dubai, is it the right time to sell and cash some decent profits?According to the property services firm Asteco, more owners are thinking along these lines. There has been a near 10 per cent increase in...

Dubai records 84,772 real estate transactions worth AED300 billion in 2021: DLD

SheiDubai's real estate market continues to serve as a key driver for the growth of various sectors and economic activities in the emirate, with the sector recording 84,772 transactions representing a value of AED300 billion in 2021, according to the annual transaction report issued by the Dubai Land Department (DLD).Guided by the leadership’s directives and strengthened by the government’s economic...

Sheikh Mohammed bin Rashid approves $49.3bn Dubai budget for 2022 to 2024

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, approved the 2022 to 2024 budget of the emirate that allocates Dh181 billion ($49.28bn) of expenditure, including Dh60bn set aside for this year.The new budget supports the emirate's efforts to stimulate its macro economy and goals of Dubai Strategic Plan 2030, the Dubai Media Office said on Sunday.The budget reflects the "determination to...

How Dubai property prices, rents are likely to perform in 2022

Dubai is set to see citywide price and rent increases in 2022 but at slower, more sustainable rates, according to new research.Consultants ValuStrat said the continued recovery in the market will be supported by economic reforms and an accelerated vaccination programme.ValuStrat said 2021 performed better than forecasts, sales transactions broke previous records and capital values mostly reached...

UAE property prices set to rise in 2022 amid government initiatives, experts say

UAE property prices are set to continue rising in 2022, driven by supportive economic reforms and an accelerated vaccination programme that has helped to hasten a rebound from the coronavirus-induced slowdown last year, according to experts.“The UAE property market will perform in a healthy way,” Haider Tuaima, head of real estate research at ValuStrat consultancy, told The National.“We have...

Palm Jumeirah, Business Bay among best areas to buy property in Dubai

As the Dubai real estate market staged a strong recovery this year, its prime areas remained in demand throughout the year because of their strategic locations, modern infrastructure and affordable rates, according to Zoom Property property portal Insights.The latest data compiled by the property portals showed that Dubai Marina, Business Bay and Jumeirah Village Circle are among the best areas to buy a...

Golden Visas and 100% ownership will reshape Dubai’s property space

Dubai offers a rich blend of a city life with traditional aspects of the Middle East culture. This city is home to landmarks, a robust public transportation system, diverse talents, and investment opportunities in various sectors. These, among others, make it one of the most preferred destinations for investors and professionals. With the UAE’s new visa offers and changes to owning businesses, we expect...

Dubai and Abu Dhabi in world’s top cities to relocate to

Dubai and Abu Dhabi have been included in a list of top 10 places in the world to relocate to. The ranking in the Relocation Report, compiled by Money.co.uk, took into account social and economic factors as well as annual temperature and even number of green spaces to reveal the most attractive cities to move to."In a world where international travel is opening back up and remote working now tried and...

Indian expats to retain more funds in UAE, will invest more in property and stocks

Less remittances and more investments right here in the UAE - nearly 75 per cent of Indian expats plan to commit more funds into buying property setting up a business here itself. The local stock markets would also see more investments from Indian investors in what represents a major shift in their thinking from just 5-10 years ago.The 'in-country' investment plans of expat Indians in the UAE are...

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