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2022 Third Quarter Property Transactions Surpass $5.7 Billion in Abu Dhabi
The property market in Abu Dhabi showed strong growth in the third quarter of 2022, reaching a total of $5.7 billion (Dh21.04 billion) across 4,441 property transactions. This was comprised of nearly 2,500 mortgage transactions at Dh15.64 billion and close to 2,000...
The Dubai Real Estate Market: 2023 and Beyond
The Dubai real estate market experienced a boom throughout 2022. A large part of this was due to overseas investors, particularly from Europe and Russia, purchasing property as an investment. The UAE is seen as a safe haven for investors, and developers believe this...
Luxury Housing Market Boom Hits Dubai
The luxury housing market in Dubai is booming, fueled by rich expats and foreigners looking to purchase second homes. The liberal visa policies of the emirate, coupled with the way the pandemic was handled by the government, have resulted in an influx of foreign...
Property Rents in Dubai for Q3 2022
The rental property market in Dubai experienced a period of rapid growth in Q3 2022, with average rental rates increasing by as much as 5% over the quarter. Annually, rental prices for villas rose by 22% and average rents for apartments rose by 15%. These rental rates...
Palm Jebel Ali Construction Relaunches Amidst Dubai Luxury Property Market Boom
Palm Jebel Ali is a megaproject in construction that began off the coast of Dubai in 2002. Construction of the man-made archipelago halted amid the global financial crisis in 2008 and has since lain dormant. However, with a 300% rise in value for many of Dubai’s prime...