Established areas in Dubai still rank high on the radar of luxury property buyers, according to new research. Although the sale of a AED90 million villa at District One in Mohammed Bin Rashid City is the costliest house purchase in Dubai so far this year, a closer look at property transactions valued over AED10 million […]
Category Archives: Arabian Business
Downtown Dubai was the top performing community in the city both in terms of volume and value of total residential transactions registered in the first eight months of 2019, according to new research. Statistics from Data Finder, a real estate insights and data platform under the Property Finder Group, revealed that the community accounted for […]
Villa sales usually make up the bulk of luxury sales. According to real estate portal Property Finder, villa prices in Dubai have dropped 4.3 percent to an advertised median price of AED 855 per square foot compared to H2 2018. They are 12.1 percent cheaper than they were in 2017. Areas that have proved popular […]
Developers are completing construction and handing over projects with speed ahead of Expo 2020 Dubai despite a sustained correction in prices, according to new research. The Property Finder Trends report for the first half of 2019 showed that a total of 20,978 residential units were completed. The total comprised 14,999 apartments, 1,084 serviced apartments and […]
The Dubai Land Department (DLD) and Property Finder have signed a memorandum of understanding (MoU) for the launch of Dubai’s first official sales and rental price index. The collaboration will create an index called Mo’asher, which translates to index in Arabic. The first edition of the index will be unveiled during the third week of […]
Property deals worth AED5.6 million ($1.5bn) were completed in Dubai during Ramadan this year. Research from Property Finder revealed there were off-plan deals worth AED2.63 billion in the emirate over the period, an increase of 51 percent on Ramadan 2018 (AED1.74 billion) and up 54 percent on the 2017 figure (AED1.71 billion). “It is also […]
Prices in Dubai’s secondary market continue to be more attractive
International City is the cheapest place to rent an apartment in Dubai, while City Walk is the most expensive
Property Finder show that there were over 13,500 units
Experts from Property Finder believe that the exits are a ‘much-needed’ sign of consolidation in the industry