Dubai is on the brink of a significant shortage in villas and townhouses, as most new property developments are currently skewed towards residential towers. This trend is alarming for potential homeowners and investors alike, as the demand for these properties has seen a remarkable surge in recent years.
Dubai's real estate market experienced an extraordinary surge in Q3 2024, breaking all previous records with 50,439 transactions worth AED 142 billion ($38.67 billion). This represents a 15% increase in transaction volume and a 14.5% rise in transaction value compared to Q2 2024.
Firstly, the influx of foreign investors remains robust, driven by Dubai's strategic location, favorable tax environment, and a series of government initiatives aimed at boosting the real estate sector. Investors from Europe, Asia, and the Americas are increasingly viewing Dubai as a prime destination for property investment.
The UAE's non-oil foreign trade reached a record Dh1.4 trillion ($382 billion) in the first half of 2024, marking an 11.2% year-on-year increase. Non-oil exports grew by 25%, and the number of commercial licenses doubled, reaching a record 900,000. The country attracted nearly $31 billion in foreign direct investment (FDI)...
Dubai, a city synonymous with groundbreaking architecture and opulence, is set to elevate its skyline once again with the introduction of Burj Azizi. This extraordinary new tower is poised to become the world’s second tallest, standing proudly at an awe-inspiring height of 725 meters. As the city continues its tradition...
Dubai’s real estate market is once again making waves, with the Palm Jebel Ali development set to redefine luxury living in the region. Scheduled for a grand launch in 2026, this colossal project has already seen significant buyer interest, with nearly 700 villas sold out since their launch last year....
Dubai's real estate market continues to attract global attention, with investors and buyers keen to capitalize on the city's dynamic growth. However, navigating the legal landscape is crucial for ensuring a smooth and successful transaction. This guide covers the latest regulations, property ownership rules, and best practices in Dubai’s real...
The Dubai real estate market experienced a significant surge in July 2024, reaching new heights in both transaction volume and value. The total sales for July hit AED 49.6 billion, marking a 31.63% increase from the same month last year. This surge was driven by a 43.2% increase in the...
Dubai, a city renowned for its futuristic skyline and cutting-edge infrastructure, is once again at the forefront of technological innovation. The latest advancement making waves in the real estate sector is the deployment of drones to monitor key housing projects. This innovative approach not only enhances efficiency but also ensures...
The Dubai real estate market continues to showcase its dynamism and resilience, achieving remarkable milestones in Q2 2024. With a record-breaking number of transactions and impressive growth in both off-plan and ready property segments, the market's performance underscores its enduring appeal to investors and homebuyers alike.
Residents of Damac Hills 2 in Dubai will soon enjoy a new transportation option as the Roads and Transport Authority (RTA) launches a dedicated bus service, effective July 1. The service, named DA2, aims to significantly improve connectivity for residents of this suburban community.
We are thrilled to announce that Novara Properties has been awarded the prestigious Q1 2024 Top Broker Award in the UAE by Damac Properties. This significant recognition underscores our commitment to excellence and highlights the outstanding efforts of our dedicated team in delivering unparalleled service to our clients.