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Dubai realty trends: High villa sales in suburban areas, rise in rent-to-own buyers

Lynnette Abad, Director of Data & Research, Property Finder, said, “As new affordable villa communities are getting completed and being handed over, we have seen a migration to these communities from popular areas such as Dubai Marina and Emirates Hills. Families are choosing to live a little further out in the suburban areas of Dubai [...]

Thomson Reuters

August 26, 2019

Affordable luxury: Dubai home buyers look to upgrade as prices continue to fall

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 [...]

Arabian Business

August 19, 2019

Nearly 21,000 properties completed in Dubai during H1

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 [...]

Arabian Business

August 15, 2019

Dubai developers racing against time to complete, handover projects

Property developers are racing against time to complete and handover residential projects despite a sustained correction in prices in Dubai this year as they completed record 20,978 units in first half of 2019, says a new report. According to the ‘Property Finder Trends’ report for January-June 2019, the total number of completed residential units included [...]

Khaleej Times, Latest

August 13, 2019

UAE expat and retiring in Abu Dhabi? Real estate investment is key

The new freehold law announced at Cityscape Abu Dhabi in April essentially opens the capital to a whole new segment of buyers and investors in real estate, including those in search of a retirement home. According to this law, foreigners can now own property in specified areas without time limitations, just like UAE nationals. “Looking [...]

Gulf News, Latest

Dubai’s luxury housing market is on an upswing that’s set to last all 2019

The luxury property sales market in Dubai has seen an uptick in the volume of transactions in the first six months of the year compared to the same period last year. This trend is expected to continue, indicating resilience in the higher end of Dubai’s real estate market. Dubai’s luxury housing market registered 194 transactions [...]

Thomson Reuters

Dubai set to launch first official property price index

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 [...]

Arabian Business

Emaar dominates Dubai property market with $3.56bn deals

Dubai developer Emaar Properties had dominated the Dubai real estate landscape during the first six months, both in terms of transactional volume and value of overall properties registered including residential (apartments, villas/townhouses) and commercial properties, according to a report In the first half, the Dubai Land Department (DLD) had registered a total of 18,681 total [...]

Dubai needs greater ‘transparency on real estate supply’

The oversupply in Dubai’s residential real estate is coupled with an oversupply in the education sector as well, say property and education consultants in the emirate. While an estimated 60,000 to 65,000 residential units are likely to be completed or handed over to the market between 2019 and 2020, according to research from international real [...]

Palm Jumeirah dominates Dubai property market

In 2018, the most expensive property sold was an Emirates Hills villa on the secondary market for a whopping AED90 million. Buyers seem to have a bigger inclination for off-plan super-luxury properties versus the secondary market, going by Dubai Land Department statistics for 2019. “As property prices decline, both in the secondary and off-plan markets [...]

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