Established European real estate developer launches Dubai operations

December 10, 2024

With over 18 years of international real estate construction experience and a portfolio of more than 22,000 apartments delivered in the Russia and the UK, MVS Real Estate Development has announced the official launch of its operations in Dubai, where it plans to deliver high-quality residential projects.

MVS Real Estate Development, an internationally acclaimed developer known for its professionalism, reliability, and strict adherence to deadlines, is now committed to shaping the future of urban living in Dubai. The company, which delivers quality, innovation, and sustainability across all its projects, will soon announce details of its first residential tower in one of Dubai’s most sought-after upcoming destinations.

“Dubai is the ideal market to develop inspired, out-of-the-box projects that defy conventional architecture and design concepts, which appeal to high-net worth investors as well as end users who seek exceptional quality living standards,” says Ivan Baciu, CEO of MVS Real Estate Development. “It is a world-leading residential real estate market that provides high returns and unparalleled growth opportunities underpinned by a stable political environment and strong economic foundations.

“The company boasts a solid track record, a team of specialists with extensive international experience, and more than 50 professional industry awards are the foundations ensuring the highest quality of execution for every project we deliver, whether in London, Moscow, St Petersburg or Dubai.”

The company has built more than 22,000 apartments in 42 buildings to date and residential complexes with signature architecture, thoughtful layouts, advanced engineering systems, quality landscaping and well-developed infrastructure. It has also delivered 415 commercial real estate projects spanning 56,000 square metres of leasable area including over 20 hypermarkets, two multifunctional family shopping complexes and storage facilities.

The company has also developed two hotels in Russia’s St Petersburg, the 5-star Gymnasium No 5 and the 4-star Augustin Chatillon and operates them.

The developer’s track record includes strict adherence to meeting delivery deadlines without a single delay or postponement in any of the residential, commercial or hospitality projects it has undertaken to build or renovate in a total combined area of 1.2 million square metres of commissioned space.

MVS Real Estate Development comprehensive turnkey approach includes planning, design, financial expertise, procurement, management construction, renovation and finishing. It applies its main principles of reliability and compliance, high quality of work, financial stability, the use of innovative technologies and respect for the environment.

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Guide to Dubai’s Top Neighborhoods for Young Professionals and Families

December 7, 2024

Choosing the right neighborhood in Dubai can shape your lifestyle, commute, and overall satisfaction in one of the world’s most dynamic cities. As we progress through Q4 2024, the latest comprehensive real estate data currently available comes from Q3 2024 market analyses. This guide synthesizes insights from global real estate consultancies, reputable property portals, and academic research to provide young professionals and families with a clearer picture of the Dubai neighborhoods best suited to their needs.

Why Neighborhood Selection Matters

For young professionals, the ideal community often features excellent connectivity, proximity to business hubs, and a vibrant social scene. Families, by contrast, tend to prioritize green spaces, quality schools, and healthcare facilities. Research from consultancies like JLL and Knight Frank, reflected in their Q3 2024 market updates, indicates that neighborhoods with robust infrastructure, stable communities, and diverse amenities retain higher long-term value and resident satisfaction.

Academic work from Heriot-Watt University Dubai continues to underscore the importance of sustainable urban planning and social infrastructure for enhancing community well-being. Additionally, policy-focused organizations like the Middle East Institute provide context for how macroeconomic factors and demographic shifts influence Dubai’s housing market, shaping where professionals and families choose to settle.

1. Downtown Dubai

Overview:

Downtown Dubai remains a prime location known for its iconic skyline and landmarks such as the Burj Khalifa. According to the Dubai Land Department (DLD) and the Bayut & dubizzle Dubai Real Estate Market Reports, Q3 2024 data shows Downtown’s rental market continuing to attract tenants who value proximity to business and cultural hubs.

For Young Professionals:

DIFC and Business Bay are minutes away, and the district is well-served by the Dubai Metro. JLL’s Q3 2024 MENA Market Intelligence (see JLL Research) reiterates that Downtown’s central location and premium amenities justify its higher rental rates.

For Families:

Families enjoy the entertainment, dining, and walkability, though most homes are apartments with limited outdoor space. Top schools are often found in nearby areas, requiring short commutes.

Recent Rental Data (Q3 2024):

  • One-bedroom apartments: ~AED 100,000–160,000/year
  • Two-bedroom apartments: ~AED 150,000–220,000/year(According to data from Bayut, dubizzle & Property Finder)

    2. Dubai Marina

    Overview:

Dubai Marina’s waterfront setting and energetic environment make it a long-standing favorite among expatriates. Knight Frank’s UAE Real Estate Research, as of Q3 2024, cites steady demand due to lifestyle amenities and robust infrastructure.

For Young Professionals:

Media City and Internet City are close by, which is ideal for professionals in creative, tech, and media sectors. The area’s Metro and tram systems ease daily commutes.

For Families:

While scenic, the Marina’s density might be challenging for families seeking larger private outdoor spaces. Nonetheless, the Marina Walk and beach proximity offer some leisure options.

Recent Rental Data (Q3 2024):

  • One-bedroom apartments: ~AED 100,000–160,000/year
    • Two-bedroom apartments: ~AED 150,000–220,000/year(According to data from Bayut, dubizzle & Property Finder)

3. Jumeirah

Overview:
Jumeirah’s coastal setting, low-rise villas, and established reputation continue to appeal to those who prefer a suburban feel. According to Gulf News Property coverage of Q3 2024 trends, Jumeirah remains stable with consistent tenant demand.

For Young Professionals:
While less central, it’s feasible to commute by car to downtown business districts. Professionals who value tranquility and beach access over city-center convenience may find it appealing.

For Families:
Jumeirah’s strong reputation for international schools, healthcare facilities, and family-oriented amenities persists. Knight Frank notes that family-focused neighborhoods like Jumeirah are particularly resilient in rental markets.

4. Arabian Ranches

Overview:
Arabian Ranches is a renowned master-planned community by Emaar. Its golf course, landscaped paths, and communal amenities uphold its status as one of Dubai’s premier family-friendly areas. Colliers MENA Q3 2024 briefings recognize Arabian Ranches for its consistent appeal among long-term residents.

For Young Professionals:
A longer commute might be required, but those who value spacious homes and weekend tranquility over immediate city access find it worthwhile.

For Families:
Families benefit from top-tier schools, healthcare centers, and a variety of recreational facilities. The gated, secure environment fosters a strong sense of community.

Recent Rental Data (Q3 2024):

  • Three-bedroom villas: More than AED 180,000/year
    (Source: Colliers MENA & Bayut & dubizzle)

5. Jumeirah Village Circle (JVC)

Overview:
JVC’s upward trajectory continues into Q3 2024, with more amenities and improved infrastructure drawing attention. Its balance of affordability and convenience is noted in the latest Bayut & dubizzle reports.

For Young Professionals:
JVC’s strategic location near Al Khail Road offers 20–30 minute commutes to key business hubs. Its modern, cost-effective apartments cater to professionals starting their journey in Dubai.

For Families:
Families value community parks, playgrounds, and gradually expanding school and clinic options. As JVC matures, its family-friendly credentials strengthen.

Recent Rental Data (Q3 2024):

  • One-bedroom apartments: ~AED 55,000–80,000/year
  • Two-bedroom apartments: ~AED 68,000–280,000/year(According to data from Bayut)

6. Al Furjan

Overview:
Al Furjan’s suburban setting and diverse property mix—villas, townhouses, and apartments—continue to appeal. Khaleej Times Real Estate coverage and Property Finder listings in Q3 2024 indicate steady demand as transportation links improve.

For Young Professionals:
Although farther from downtown, Al Furjan’s connection to Sheikh Zayed Road and the completion of nearby metro stations enhance accessibility.

For Families:
Al Furjan’s community clubs, parks, and healthcare facilities are strong draws. Its quieter ambiance contrasts with the hustle of central Dubai, making it ideal for family life.

Recent Rental Data (Q3 2024):

 

7. Arjan

Overview:
Arjan’s ongoing development, affordable rates, and access to Mohammed Bin Zayed Road keep it on the radar for cost-conscious renters. Q3 2024 listings from Property Finder and analysis by Bayut & dubizzle show incremental rental growth as the area matures.

For Young Professionals:
Arjan may lack the instant glamour of Downtown, but it compensates with affordability and practical commuting options. Its quieter environment may suit those who prefer a peaceful home life after work.

For Families:
Open spaces, family attractions like the Miracle Garden, and upcoming educational and medical facilities make Arjan increasingly appealing to families on a budget.

Recent Rental Data (Q3 2024):

  • One-bedroom apartments: ~AED 50,000–75,000/year
  • Two-bedroom apartments: ~AED 75,000–168,000/year
  • Three-bedroom apartments: ~AED 95,000–300,000/year
    (Source: Bayut & dubizzle & Property Finder)

8. Dubailand

Overview:
Dubailand encompasses numerous sub-communities, each at varying stages of development. According to the Dubai Statistics Center and Property Monitor Q3 2024 data, Dubailand’s expanding infrastructure and entertainment options point to future growth potential.

For Young Professionals:
Commutes may be longer, but as businesses decentralize, living in Dubailand could become more practical. Affordable housing options suit professionals prioritizing savings.

For Families:
Families appreciate larger homes at lower prices compared to central neighborhoods. Schools, parks, and entertainment projects continue to emerge, making Dubailand a long-term value play.

Recent Rental Data (Q3 2024):

  • One-bedroom apartments: ~AED 40,000–70,000/year
  • Two-bedroom apartments: ~AED 70,000–95,000/year
  • Villas (Three-bedroom): ~AED 145,000–250,000/year
    (Source: Property Monitor & Dubai Statistics Center & Bayut)

Making an Informed Decision

Before committing to a neighborhood, review credible sources for up-to-date trends and analysis. The Dubai Land Department (DLD) provides official transaction data and regulations. Market intelligence from JLL, Knight Frank, and Colliers MENA offers comprehensive insights into rental patterns and emerging hotspots. You can also subscribe to The Real Estate Reports to stay informed of the latest real estate developements.

Academic institutions like Heriot-Watt University Dubai and think tanks such as the Middle East Institute deliver contextual understanding of socio-economic factors that shape Dubai’s property markets.

Key considerations include:

  • Commute: Assess whether you prefer a short metro ride or are comfortable with a longer drive.
  • Amenities: Prioritize neighborhoods that align with your lifestyle—beachfront leisure, suburban tranquility, or cosmopolitan entertainment.
  • Budget: Determine your price range and weigh it against each district’s unique advantages.

Conclusion

In a rapidly evolving market, staying informed with the latest available data helps guide your decisions. Downtown Dubai and Dubai Marina appeal to those seeking centrality and a lively atmosphere. Jumeirah and Arabian Ranches remain strongholds for families, while newer or more affordable communities like JVC, Al Furjan, Arjan, and Dubailand offer a balance of value and amenities.

 

 

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Dubai real estate sales top Dh40 billion in November

December 6, 2024

Dubai’s real estate market has enjoyed another busy month, recording a total of 13,502 property sales with an overall value of Dh40 billion in November.

A market update by fäm Properties showed that apartment sales worth Dh19.9 billion rose 31.2 per cent in volume to 10,857 compared with the same month last year.

November also generated 1,903 villa sales for Dh10.2 billion as well as 387 plot sales worth Dh8.1 billion, although volumes were down 35.8 per cent and 39.6 per cent respectively on the same month in 2023.

Meanwhile, 354 commercial property transactions amounted to Dh1.3 billion, an increase of 5 per cent in volume compared with November 2023.

While it was the most moderate month since April in this record-breaking year in terms of overall sales value and volume, the total number of transactions was still up by 10.5 per cent on last November.

The average property price per sq ft also continued its steady rise, increasing by 8.8 per cent to Dh1,497 compared with Dh1,373 last November, after previous month-by month growth from Dh923 in 2020, Dh1,115 in 2021, and Dh1,310 in 2022.

“The market’s overall performance continues to demonstrate exceptional strength in what has already been a remarkable year for Dubai real estate,” said Firas Al Msaddi, CEO of fäm Properties. “Sales volumes consistently reflect a clear and consistent trend of healthy, sustainable demand driven by investor confidence, economic growth, and Dubai’s global appeal.”

Dubai property sales for the month of November have now risen in volume over the last five years from 3,800 transactions (Dh7.4 billion) in 2020 to 7,000 (Dh17.9 billion) in 2021, 11,100 (Dh31 billion) in 2022, and 12,200 (Dh42.4 billion) in 2023.

The most expensive individual property sold in November was a luxury apartment at Six Senses Residences, Palm Jumeirah which went for Dh 130 million.

The top five performing areas in November were:

Jumeirah Village Circle – 1,528 transactions worth Dh1.6 billion.

Dubai Marina – 838 worth Dh3.1 billion

Business Bay – 809 transactions worth Dh2.7 billion

Jumeirah Village Triangle – 717 transactions worth Dh596.9 m

Wadi Al Safa 5 – 672 transactions worth Dh569.9m

The best-selling off-plan project in terms of value in November was Vida Residences Club Point, where 227 apartments sold for Dh536.4 million. The top-selling off plan villas project was Greenridge, with 113 units fetching Dh374.8 million.

Maya 3 topped sales of ready apartments with 103 transactions worth Dh52.7 million, while Mag Eye Phase 1 led the way in ready villa sales, with 14 properties selling for Dh44.1 million.

Overall, first sales from developers outnumbered re-sales in the secondary market – 56 per cent over 44 per cent in terms of volume, and 52 per cent against 48 per cent in value.

With properties worth more than Dh5 million accounting for 8 per cent of total sales, 32 per cent came in both the below Dh1 million Dh1-2 million ranges, 17 per cent between Dh2-3 million and 12 per cent between Dh3-5 million.

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Dubai City Landscape

Dubai Real Estate Transactions as Reported on the 4th of December 2024

December 4, 2024

The total real estate transaction volume recorded on December 4th, 2024, in Dubai amounted to AED 715.4 million. This relatively low transaction amount can be attributed to the national day holidays in the UAE, which typically lead to a temporary slowdown in market activity. The market activity is expected to be at its normal pace next week. Below, we break down the specifics of these transactions, providing a detailed insight into the distribution and share of various property categories.

Off-Plan Properties

Off-plan property sales accounted for AED 127.2 million, which represents approximately 17.8% of the total transactions for the day. Within this category:

  • Flats contributed AED 113.5 million, making up 89.3% of the off-plan
    property transactions.
  • Villas contributed AED 13.7 million, accounting for 10.7% of the off-plan
    total.

The dominance of flats in the off-plan segment highlights the current market
preference for high-rise developments and the attractiveness of investment
opportunities available in new residential projects.

Ready Properties

Ready property sales were the driving force behind the total transactions, amounting to AED 588.2 million, which constitutes 82.2% of the overall market activity for the day. Breaking down the ready property segment:

  • Flats led the way with AED 455.3 million, representing 77.4% of the ready
    property sales.
  • Villas contributed AED 84.7 million, making up 14.4% of the ready segment.
  • Hotel Apartments & Rooms brought in AED 24.6 million, accounting for
    4.2% of ready property sales.
  • Commercial Properties added AED 23.6 million, representing 4.0% of the
    ready transactions.

The predominance of ready flats, making up over three-quarters of the ready
property transactions, emphasizes the continued high demand for completed
residential units in Dubai. The significant share of villa sales, as well as hotel
apartments and commercial units, indicates a balanced interest across various
property types, catering to a diverse buyer demographic.

Summary

Overall, the ready properties dominated the day's market activity, contributing over four times the value compared to off-plan transactions. The high proportion of ready flats shows Dubai's strong appeal to those seeking immediate occupancy or rental opportunities, while the continued interest in off-plan properties highlights investor confidence in the city’s growth trajectory.
This mixed landscape of real estate transactions illustrates Dubai's unique ability to cater to both investors looking for future value growth and end-users seeking to secure their ideal homes today.

Dubai Real Estate Market Review 05-Dec-2024

Nearly 20% of Dubai homes are now worth over $1 million. Short supply of homes to push Dubai property prices by 8% in 2025. Dubai leads world with 140 premium projects expected by 2031.

Branded real estate sector in Dubai leads world with 140 premium projects
expected by 2031

With 1,530 branded real estate projects expected in the world by 2031 it is a
booming market and Dubai is at the forefront.

Aldar buys commercial tower in Dubai's DIFC for $626 million

ldar acquired a commercial tower in Dubai's DIFC for Dh2.3 billion. The 40-storey tower, due by 2028, expands Aldar's footprint in Dubai’s commercial market amid high demand for office space. Dubai's office occupancy is at 93%, with rental rates increasing significantly.

Dubai Real Estate Has Another Busy Month With Property Sales Worth AED40 Billion

Dubai's real estate market recorded 13,502 property sales worth AED40 billion in November. Apartment sales led with 10,857 transactions. Average price per sq ft rose by 8.8%. Top areas included Jumeirah Village Circle and Dubai Marina. Sales from developers outpaced re-sales, highlighting sustained investor confidence.

Dubai real estate: Phase 1 of AI-powered Laguna Residence by ONE
Development sells out in record time

Located in Dubai’s City of Arabia, Laguna Residence stands as the UAE’s first AI-
integrated residential community.

Thousands of UAE homeowners become 'accidental millionaires' as property prices rise

Nearly 20% of Dubai homes are now worth over $1 million due to price inflation.
Property prices are projected to rise 8% in 2025, though growth may slow. Dubai
faces a potential long-term housing shortfall, with developers planning 300,000
homes by 2029 amid high demand.

Short supply of homes to push Dubai property prices by 8% in 2025

Dubai house prices are expected to rise by 8% in 2025, driven by high demand and limited supply, per Knight Frank's report. Nearly 20% of homes are now worth over $1 million. Developers plan 300,000 homes by 2029, but supply constraints may create a long-term housing shortfall.

‘People are not leaving anymore’ – what’s changing in Dubai?

Dubai's property market is increasingly attracting long-term residents due to liberal policies, safety, and favorable tax conditions. Nearly 20% of property transactions involve cash, making the market less vulnerable to interest rate hikes. Dubai continues expanding inland, and Ras Al-Khaimah may emerge as a future growth area.

 

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Dubai Real Estate Weekly Market Analysis 02-Dec-2024

The total real estate transactions in Dubai for Week 48 reached AED 7.6
billion, up 7.4% . Off-plan contributed 51.2% or AED 3.89 billion and Ready
properties contributed 48.8% or AED 3.71 billion.

In Week 48, Dubai's real estate market recorded a total transaction value of
AED 7.6 billion, marking an increase from the previous week’s AED 7.1
billion. This represents an approximate growth of 7.4%, showcasing
continued confidence and a strong appetite for both off-plan and ready
properties. Below, we delve into the contributions from different categories
and the most active areas by value traded.

Off-Plan vs. Ready Properties

  • Off-Plan Properties contributed AED 3.89 billion, which is 51.2% of
    the total weekly transaction value.
  • Ready Properties accounted for AED 3.71 billion, representing
    48.8% of the total.

The nearly equal split between off-plan and ready properties indicates a well-
balanced interest across new developments and completed properties,
reflecting diverse buyer preferences and investment opportunities in Dubai’s
real estate landscape.

 

Breakdown of Off-Plan Transactions

The off-plan category witnessed AED 3.89 billion in transactions, with flats
contributing 84.0% of the total, amounting to AED 3.26 billion. The
breakdown of off-plan property types is as follows:

  • Flats: AED 3.26 billion (84.0% of off-plan)
  • Villas: AED 377.7 million (9.7% of off-plan)
  • Hotel Apartments & Rooms: AED 22.7 million (0.6% of off-plan)
  • Commercial Units: AED 222 million (5.7% of off-plan)

Key Areas for Off-Plan Sales:

  • Business Bay led the off-plan transactions with AED 367 million,
    making it the most active area for new property sales.
  • Palm Jumeirah followed closely at AED 318 million, reflecting strong
    demand for premium developments.
  • Jumeirah Village Circle recorded AED 305 million, showcasing
    continued growth in emerging residential communities.

Breakdown of Ready Property Transactions

The ready property category generated AED 3.71 billion, with flats again
dominating the transactions with a 72.5% share, totaling AED 2.69 billion.
The detailed contribution of each ready property type is as follows:

  • Flats: AED 2.69 billion (72.5% of ready)
  • Villas: AED 698.4 million (18.8% of ready)
  • Hotel Apartments & Rooms: AED 102.1 million (2.8% of ready)
  • Commercial Units: AED 218.3 million (5.9% of ready)

Key Areas for Ready Sales:

  • Palm Jumeirah led the ready transactions, with AED 349 million,
    underlining its position as one of Dubai’s most desirable locations.
  • Burj Khalifa recorded AED 320 million, showing sustained interest in
    the iconic tower.
  • Dubai Marina came third with AED 289 million, highlighting its
    ongoing popularity among both investors and residents.

Summary and Insights

The real estate transactions in Week 48 show a 7.0% increase in total
transaction value from Week 47, reflecting a continued uptrend as the year
draws to a close. The balance between off-plan and ready properties is
indicative of a versatile market, appealing to a variety of investors, from those
seeking immediate occupancy to those looking at future developments.

Top Highlights:

  • Flats continue to be the top performer, contributing the most across
    both off-plan and ready property categories.
  • Business Bay and Palm Jumeirah are leading the off-plan market,
    while Palm Jumeirah and Burj Khalifa dominate the ready market,
    demonstrating strong demand for luxury and centrally located
    properties.

As we look forward, the rising interest in both premium areas and emerging
neighborhoods illustrates Dubai’s diverse real estate appeal, catering to both
high-end buyers and those seeking new community living experiences.

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The Ultimate Guide to Real Estate Investment Strategies

November 29, 2024

Real estate investment stands as one of the most reliable and rewarding paths to
wealth creation and financial freedom. Whether you’re an experienced investor
looking to diversify your portfolio or a newcomer eager to learn the ropes,
understanding the various strategies available is crucial to your success.

This comprehensive guide takes you through the most effective real estate
investment strategies, dives into the details of execution, and provides actionable
tips to help you make informed decisions. Let’s explore the world of real estate
investing in detail.

Why Invest in Real Estate?

Real estate offers unique benefits that make it a standout investment choice
compared to other asset classes like stocks or bonds. Here’s why:

Key Advantages of Real Estate Investments

  • Tangible Asset: Unlike stocks, real estate is a physical asset that holds
    intrinsic value and often appreciates over time.
  • Cash Flow: Rental properties provide steady income, offering a reliable way
    to build passive wealth.
  • Tax Benefits: Deduct expenses like mortgage interest, depreciation, and
    property management fees to reduce your taxable income.
  • Leverage Opportunities: Use mortgages and financing options to acquire
    high-value assets with limited upfront capital.

Real estate offers versatility, allowing investors to choose strategies that align with
their goals, risk tolerance, and available resources.

1. Buy-and-Hold Strategy: Building Long-Term Wealth

The buy-and-hold strategy is ideal for investors seeking steady cash flow and long-
term appreciation. This approach involves purchasing properties, renting them out,
and holding onto them for extended periods.

Why It’s a Strong Strategy

  • Stable Income: Rental payments provide monthly cash flow, covering
    expenses and building wealth.
  • Appreciation: Over time, properties typically increase in value, creating
    equity and long-term profit.
  • Tax Perks: Depreciation and other write-offs reduce your taxable income.

How to Succeed

  • Focus on Location: Choose neighborhoods with job growth, good schools,
    and high rental demand.
  • Screen Tenants Carefully: Reliable tenants ensure consistent income and
    minimize headaches.
  • Plan for Maintenance Costs: Budget for repairs, vacancies, and unexpected
    expenses.

Example: Imagine purchasing a $250,000 property with a 20% down payment.
Renting it for $1,800 per month yields a steady income while the property
appreciates, eventually selling for $400,000 ten years later.

 

2. Fix-and-Flip: Quick Profits with Renovation

Fix-and-flip investing involves buying distressed properties, improving them, and
selling for a profit. While it’s riskier than other strategies, the potential for quick,
significant returns attracts many investors.

Steps to Success

  • Find the Right Property: Look for undervalued homes in high-demand areas.
  • Budget Accurately: Account for purchase price, renovation costs, and
    carrying costs (e.g., mortgage payments during the flip).
  • Sell Smart: Time your sale to take advantage of favorable market conditions.

Risks and Challenges

  • Unforeseen renovation costs can erode profits.
  • Market downturns can delay sales and reduce potential returns.
  • Poor project management can extend timelines and increase expenses.

Pro Tip: Partner with experienced contractors and use project management   tools to keep renovations on track and within budget.

3. Rental Properties: Steady Passive Income

Investing in rental properties is one of the most popular strategies for generating
consistent cash flow while building long-term wealth. Whether it’s residential or
commercial, rental income ensures a steady financial base.

Key Factors to Consider

  • Location: High-demand areas with strong employment and amenities
    attract quality tenants.
  • Property Type: Residential properties are easier to manage,
    while commercial properties offer higher returns but longer vacancies.
  • Property Management: You can self-manage or hire a property management company to handle day-to-day operations.

Maximizing Returns

  • Use rental income to pay down your mortgage, building equity over time.
  • Keep vacancy rates low by maintaining the property and addressing tenant concerns promptly.
  • Regularly evaluate rental rates to stay competitive.

Pro Tip: A cap rate (net operating income divided by property value) of 8-12% is
considered a good benchmark for rental properties.

 

4. Real Estate Investment Trusts (REITs): Hands-Free Investing

REITs allow you to invest in real estate without owning physical property. These
companies own and manage income-generating properties, and you can buy shares just like stocks.

Benefits of REITs

  • Liquidity: REIT shares are traded on stock exchanges, making it easy to buy
    and sell.
  • Diversification: Access a variety of property types, such as commercial
    buildings, apartments, and shopping centers.
  • Passive Income: REITs must distribute 90% of their taxable income as
    dividends.

Types of REITs

  1. Equity REITs: Own and manage properties, earning income from rents.
  2. Mortgage REITs: Invest in mortgages and earn interest income.
  3. Hybrid REITs: Combine both equity and mortgage strategies.

 

5. Real Estate Crowdfunding: Investment for the Digital Age

Crowdfunding platforms let multiple investors pool funds to back real estate projects.
It’s an excellent way to get started with real estate investing without requiring
substantial capital.

Why It’s Popular

  • Low Entry Barrier: Invest as little as $500 to gain exposure to high-value
    projects.
  • Diversification: Spread your capital across multiple projects for reduced
    risk.
  • Transparency: Platforms provide detailed project breakdowns,
    returns, and risks.

What to Watch For

  • Platform Reputation: Choose established platforms with strong
    track records.
  • Project Due Diligence: Research project sponsors and their plans
    thoroughly.
  • Investment Horizon: Be prepared for a longer-term commitment, as
    projects may take years to mature.

6. Value-Add Strategy: Unlock Hidden Potential

This strategy focuses on acquiring underperforming properties and increasing their value through strategic improvements. It’s perfect for investors who enjoy hands-on projects.

Examples of Value-Add Opportunities

  • Renovating interiors or updating outdated features.
  • Improving energy efficiency to lower operating costs.
  • Rebranding or repositioning the property for a different market.

Pro Tip: Research local trends to identify improvements that offer the best ROI. For example, adding smart home features or creating co-working spaces may appeal to modern tenants.

 

 

7. Commercial Real Estate: The Big Leagues

Commercial real estate includes office spaces, retail centers, warehouses, and
multifamily units. While it requires more capital and expertise, the returns can be
significant.

Benefits of Commercial Real Estate

  • Higher Returns: Commercial properties often yield higher rents and longer
    lease terms.
  • Diverse Tenant Base: A single property can house multiple tenants, reducing
    reliance on one source of income.
  • Professional Tenants: Businesses tend to take better care of leased spaces
    than residential tenants.

Key Consideration: Analyze the local economy and market demand for commercial space before investing.

 

8. Distressed Properties: High Risk, High Reward

Distressed properties, often in foreclosure or disrepair, are sold below market
value. Investors can rehabilitate these properties to sell or rent at a profit.

Challenges to Consider

  • Inspection Risks: These properties may require costly repairs.
  • Legal Complexities: Ensure a clean title before purchasing.
  • Financing: Many traditional lenders avoid distressed properties, requiring
    cash or alternative financing.

Pro Tip: Work with local real estate agents specializing in foreclosures to find the
best deals.

 

9. Due Diligence: The Foundation of Success

No matter the strategy, thorough due diligence is non-negotiable.

Steps to Conduct Proper Due Diligence

  1. Market Research: Study local job growth, population trends, and property
    demand.
  2. Financial Analysis: Use metrics like cap rate, cash-on-cash return, and ROI to
    assess profitability.
  3. Property Inspection: Uncover hidden issues before closing the deal.

Conclusion: Choosing Your Path

Real estate offers a world of opportunity for investors willing to put in the time and effort. Whether you’re building passive income with rentals, flipping properties for quick cash, or investing through REITs, success depends on strategy, market research, and disciplined execution.
Your next step? Identify a strategy that aligns with your goals and start planning
your entry into the real estate market. With patience and perseverance, real estate can become a powerful tool in your journey to financial freedom.

 

Happy investing!

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The Ultimate Guide to Moving to Dubai

Comprehensive Steps to Start a New Life

Moving to Dubai is a big decision filled with excitement, promise, and new
beginnings. With its tax-free income, thriving economy, and luxurious lifestyle,
Dubai is one of the most sought-after destinations for expats worldwide. But
relocating to this fast-paced, culturally rich city requires careful preparation.

This in-depth guide covers everything you need to know—from securing visas and
finding the perfect home to understanding cultural norms, budgeting, and
navigating the city’s systems. Let’s dive in!

1. Why Dubai is a Top Destination for Expats

Comprehensive Steps to Start a New Life

  • Tax-Free Income: Dubai is one of the few cities
    worldwide with no personal income tax,
    allowing you to keep more of your earnings.
  • Thriving Economy: Home to booming
    industries like real estate, tourism, finance, and
    technology.
  • Modern Lifestyle: From skyscrapers like the
    Burj Khalifa to luxury malls and five-star dining,
    Dubai offers unparalleled modernity.
  • Cultural Diversity: Expats make up about 85%
    of the population, creating a vibrant mix of
    nationalities, languages, and cuisines.
  • Safety: Consistently ranked among the safest cities in the world with strict laws
    and a high standard of living.

Challenges to Consider

  • High Cost of Living: Luxury comes at a price, with housing, schooling, and
    lifestyle expenses higher than in many cities.
  • Cultural Adaptation: While Dubai is cosmopolitan, respecting Islamic traditions
    and laws is crucial.

2. Understanding Dubai’s Culture and Laws

Respecting the local culture and laws is
essential for a smooth transition.

Cultural Norms

  • Dress Modestly: In public places, ensure your attire respects local customs. Swimsuits are fine at the beach or pools but not in malls or government buildings.
  • Alcohol Consumption: Permitted only in licensed venues, with public intoxication strictly prohibited.
  • Public Behavior: Avoid public displays of affection, swearing, or inappropriate gestures —these can result in fines or jail time.
  • Gender Norms: Men should avoid initiating handshakes with women unless the woman offers first.

Strict Laws

  • Defamation: Speaking ill of individuals or institutions can lead to legal issues.
  • Drugs: Even small amounts of illegal substances carry severe penalties.
  • Social Media: Posting offensive or culturally insensitive content is punishable by law.

3. Visa and Residency Requirements

To move to Dubai, a valid visa is mandatory.
Here’s what you need to know:

Types of Visas

  • Employment Visa: Sponsored by your employer; valid for 1-3 years.
  • Golden Visa: For investors, entrepreneurs, or specialized
    professionals; valid for up to 10 years.
  • Freelancer Visa: Ideal for self-employed individuals; allows you to work independently.
  • Family Visa: Enables residents to sponsor immediate family members.
  • Investor Visa: For individuals establishing or investing in a business.

Steps to Secure Residency

  • Entry Permit: Issued to begin your residency process; typically valid for
    60 days.
  • Medical Examination: Includes blood tests and chest X-rays to ensure
    you’re fit for residency.
  • Residency Visa Stamping: Finalized by immigration authorities.
  • Emirates ID: Required for accessing government services, banking, and
    healthcare.

Can You Move Without a Job? Yes! Options like the Freelancer Visa or Green Visa
allow individuals to move without traditional employment.

4. Budgeting for Dubai: Cost of Living Insights

Dubai is a global hub, and its cost of living reflects that status. Proper budgeting is critical to ensure financial stability.

Key Living Expenses

1. Housing:
Rent: AED 4,500/month for budget areas like International City.
Luxury Rentals: AED 15,000+/month in Palm Jumeirah or Downtown Dubai.
Consider short-term rentals initially for flexibility.

2. Utilities:
Water, electricity, and cooling via DEWA: AED 600–800/month for a two-
bedroom apartment.

3. Transportation:
Public Transport: AED 300–500/month for Metro, buses, and trams.
Driving: Owning a car requires a local driving license and additional costs
for insurance, fuel, and registration.

4.Food:
Groceries for a family of four: AED 2,000–3,000/month.
Dining out varies: AED 30 for casual meals to AED 500+ at fine dining
restaurants.

5. Education:
Private schools: AED 14,000–122,000 annually, depending on the
curriculum.
Public schools are available but primarily cater to Emirati nationals.

6. Healthcare:
Basic insurance: AED 500–1,000/year.
High-end plans: AED 5,000+ for comprehensive coverage.

Suggested Monthly Income To live comfortably, aim for an income of AED
18,000–30,000.

6. Housing Options: Renting or Buying

Renting a Home
Short-Term Rentals: Great for newcomers adjusting to the city; available
weekly or monthly.
Long-Term Leases: Requires a 12-month commitment with upfront
payments (often in 1-4 checks).

Buying Property

Freehold Areas: Expats can buy properties in designated zones like Palm
Jumeirah and Dubai Marina.
Mortgage Financing: Available for primary and secondary properties;
down payment typically starts at 20%.

Popular Communities
For Singles and Professionals: Downtown Dubai, Jumeirah Lake Towers
(JLT).
For Families: Arabian Ranches, Mirdif.

7. Daily Life Setup: Essentials for Your First Week

Mobile and Internet
Providers like Etisalat, Du, and Virgin Mobile offer packages for calls and
data.
Required documents: Visa copy and passport.

Banking
Open a local account to manage salaries and bills.
Popular banks: Emirates NBD, ADCB, and FAB.

Transportation
Nol Card: Your ticket for public transport; discounted fares apply.
Driving: Convert your home country license (if eligible) or complete a
driving test.

Healthcare
Ensure you have valid insurance—provided by employers or purchased
independently.

Education
Start school applications early; some schools have waitlists of up to a year.

8. Entertainment and Leisure

Dubai offers endless activities for
every lifestyle:

Iconic Attractions: Burj Khalifa, Palm Jumeirah, Dubai Marina.
Adventure Parks: IMG Worlds of Adventure, Ski Dubai.
Shopping: Dubai Mall, Mall of the Emirates.
Beaches: JBR Beach, Kite Beach.

For nature lovers, visit Zabeel Park or Dubai Miracle Garden.

Final Thoughts: Is Moving to Dubai Worth It?

Moving to Dubai is a transformative experience, offering unmatched
professional opportunities and a luxury lifestyle. While the city has a high cost of
living and cultural norms to adapt to, careful planning ensures you’ll thrive.

Whether you’re moving for work, family, or adventure, Dubai has something to
offer everyone. Use this guide as your roadmap for a seamless transition!

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Dubai Real Estate Transactions as Reported on the 28th of November 2024

On November 28, 2024, Dubai's real estate market recorded a total
transaction value of AED 1,939,840,219. This total is comprised of both off-
plan and ready property transactions, each contributing significantly to the
market's dynamic landscape.

Off-Plan vs. Ready Property Breakdown

The total value of transactions for off-plan properties reached AED
792,554,220
, accounting for approximately 40.9% of the total transactions for
the day. Meanwhile, ready properties generated a total of AED 1,147,285,999,
contributing 59.1% of the overall market transactions. These figures indicate a
strong preference for ready properties, which provided a greater share of the
market activity, emphasizing buyer confidence in completed and available
properties.

Detailed Breakdown of Off-Plan Properties

The off-plan segment was mainly driven by flats, which brought in AED
642,860,421, contributing 81.1% to the total off-plan transactions. Villas
followed with AED 143,442,834, representing 18.1% of the off-plan market,
while hotel apartments and rooms contributed AED 6,250,965, which made
up only 0.8% of the total off-plan transactions. This highlights the continuing
demand for residential flats among investors looking for newer properties at
the development stage.

Ready Property Transactions

The ready property segment saw a notable contribution from flats, which
amounted to AED 810,963,328, making up 70.7% of the total ready
transactions. Villas followed with AED 238,014,744, contributing 20.7%, while
hotel apartments and rooms and commercial properties contributed AED
42,478,385 and AED 55,829,541 respectively, representing 3.7% and 4.9% of
the ready transactions. The predominance of flats within the ready category
underlines a high level of market activity for readily available residential units.

Market Insights

These figures illustrate the continued strength of Dubai's real estate market,
with a clear inclination towards ready properties. The larger contribution from
flats across both off-plan and ready categories indicates sustained demand for
compact residential units, likely driven by investors and end-users attracted to
the lifestyle and investment potential that Dubai's apartment market offers.
The healthy contribution from villas also signals robust interest in more
spacious residential options, particularly among families and high-net-worth
individuals seeking both comfort and luxury. Furthermore, the commercial
properties' share, although smaller, highlights ongoing business confidence in
Dubai as a thriving hub for enterprises.

Conclusion

Overall, the transactions recorded on November 28, 2024, portray a balanced
demand for both off-plan and ready properties, with a clear edge for ready
units. The data indicates that Dubai continues to be a key destination for real
estate investments, driven by diverse buyer preferences across residential and
commercial segments. Investors looking at Dubai are seeing opportunities in
both emerging off-plan developments and established ready properties,
suggesting a well-rounded and resilient market.

Dubai Real Estate Market Review 29-Nov-2024

Dubai real estate outperforms London and New York. Dubai South sells out south
living project. UAE’s net wealth reaches $2.9 trillion in 2023, financial wealth grows
10 percent.

Dubai Real Estate: Property Rentals Set to Surge 18% in 2025

Dubai's rental market is projected to grow in 2025, with short-term rentals up 18%
and long-term leases up 13%. Drivers include rising property values, population
growth, and increased demand from professionals. Tenants should prepare for
higher costs, while investors have opportunities amid market growth.

Dubai real estate outperforms London and New York with superior 7%
investment yields and double-digit price increases

Dubai real estate investments outperform London and New York markets as price
rises, investor-friendly policies and future-proof market lure home-buyers and
speculators.

Dubai losing its lustre for squeezed expat middle classes

Dubai's rising living costs are straining middle-income expatriates, with rent
increasing by 15% and inflation forecast at 3.5%. Despite limited salary growth,
Dubai remains attractive due to high wages and stability. However, affordability
concerns persist, with efforts underway to increase supply and affordable retail
options.

ValuStrat’s latest report reveals that Qatar’s real estate market remained
steady in Q3

Qatar's Q3 real estate market remained stable, with no significant price shifts. Sales
and mortgage transactions declined, while tourism grew by 25.6%. The office and
industrial sectors were steady, with minor declines in retail. The outlook suggests
continued stability with selective growth opportunities.

Why Dubai’s Tax-Free Haven is Attracting Wealthy Investors Like Never Before

Dubai's tax-free policies, evolving regulations, and ongoing mega-projects make it
attractive for high-net-worth individuals and investors. The UAE's diversification into
tech, renewable energy, and healthcare enhances investment appeal. However,
challenges include regulatory changes, market volatility, and gaps in risk
management culture.

Dubai South sells out south living project, confirms huge demand for spacious
units in area

Dubai South Properties has sold out its luxury South Living Tower project, featuring
209 spacious apartments with modern amenities. Construction is underway, with
completion expected in Q1 2027. The project aims to attract new residents to Dubai
South, aligning with plans to expand the area's population.

Dubai emerges as the global real estate standout against London and New
York

Dubai offers exceptional value with an average property price of $438 per square
foot, high gross yields (7.0%), and strong price growth (16.5%). Pro-investor policies,
modern infrastructure, and stability make it attractive compared to London and New
York, providing an affordable yet luxurious lifestyle and promising long-term growth.

Dubai real estate: Rove Home Dubai Marina launches new residential complex

The project, located near Dubai Marina Mall and key transport links, offers fully-
furnished studio and one-bedroom apartments with the option to combine units.

UAE’s net wealth reaches $2.9 trillion in 2023, financial wealth grows 10
percent: Report

The UAE's net wealth reached $2.9 trillion in 2023, driven by a surge in financial and
real asset growth. The country is poised to become the sixth-largest global booking
center by 2028. With high UHNW individual concentration and growing wealth,
massive opportunities await wealth managers, especially with GenAI adoption.

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Dubai Real Estate Transactions as Reported on the 27th of November 2024

November 28, 2024

The Dubai real estate market witnessed remarkable activity on 27th November 2024,
with a total transaction value reaching AED 1.51 billion. This significant figure is a
reflection of the robust demand for both off-plan and ready properties across Dubai.
Below is a detailed breakdown of these transactions, including the contribution of
each subcategory within the broader property segments.

Off-Plan vs. Ready Properties

The total market transactions were split between off-plan and ready properties, with
off-plan properties dominating the day. The off-plan segment accounted for AED
983.66 million, which represented 64.9% of the total transaction value. On the other
hand, ready properties contributed AED 531.07 million, making up 35.1% of the total
value. This highlights the ongoing popularity of off-plan projects as investors and
homebuyers continue to be drawn to the promise of new developments and their
attractive payment plans.

Breakdown of Off-Plan Transactions

The off-plan property segment showed strong performance across several
subcategories:

 Flats were the leading contributor in the off-plan segment, with a total
transaction value of AED 677.01 million, accounting for 68.8% of all off-plan
transactions. This underlines the high demand for new residential apartments
in Dubai.

 Commercial Properties came next, with a total transaction value of AED
201.99 million
, representing 20.5% of off-plan transactions. This indicates
substantial interest in commercial real estate, driven by a growing economy
and business opportunities.

 Villas contributed AED 96.34 million, making up 9.8% of the off-plan
transactions. Villas continue to attract buyers seeking larger living spaces in
suburban communities.

 Hotel Apartments and Rooms recorded transactions worth AED 8.31
million
, which equates to 0.8% of the off-plan total, indicating a niche yet
steady interest in hospitality investments.

Breakdown of Ready Property Transactions

The ready property segment also demonstrated a diverse mix of activity:

 Flats led the ready segment, with transactions totaling AED 378.07 million,
representing 71.2% of the ready property transactions. This reinforces the
high demand for already completed and move-in ready apartments, driven by
residents looking for immediate occupancy.

 Villas followed with AED 114.34 million in transactions, accounting for 21.5%
of the ready market. This reflects consistent demand for established villa
communities that offer an immediate lifestyle upgrade.

 Hotel Apartments and Rooms saw transactions totaling AED 31.10 million,
making up 5.9% of the ready segment, showing that ready hospitality units
continue to appeal to investors interested in steady rental income.

 Commercial Properties recorded AED 7.55 million in transactions,
representing a modest 1.4% of the ready property segment, suggesting that
businesses are more focused on new commercial developments.

Key Insights

The real estate market on 27th November 2024 clearly demonstrates the ongoing
attractiveness of off-plan properties, particularly flats, which dominated both the off-
plan and overall market segments. Investors and buyers are increasingly leaning
towards new projects, perhaps due to innovative community offerings, flexible
payment plans, or potential capital appreciation.
Meanwhile, ready properties also showed strong activity, with a notable preference
for apartments. This indicates that end-users and investors alike are still keen to
capitalize on available opportunities in established communities.
The data also suggests a healthy balance between residential and commercial
transactions, highlighting Dubai’s continued growth as a global destination for both
living and business.

Dubai Real Estate Market Review 28-Nov-2024

Palm Jumeirah and Jumeirah Bay Island lead Dubai's super-luxury real estate
market, making up 48% of transactions over AED 50 million in 2024. Market
positioned for robust growth in the last quarter.

Dubai real estate does not show any signs of slowing down

Dubai’s real estate market showed significant growth in 2024, with Deyaar launching
Park Five, a Dh1.5 billion luxury community. CEO Saeed Mohammed Al Qatami
remains optimistic about market expansion, especially in suburban areas, and
emphasizes smart living and community-focused development.

Dubai real estate: Expo City launches Sidr Residences phase 2; homes
available from $512,000

Real estate developer Expo City Dubai has unveiled phase two of its Sidr
Residences apartment development following the success of the first tranche and
with units across all its residential projects selling out fast.

Arabian Hills Estate unveils second phase after remarkable success of Phase
One

Arabian Hills Real Estate launched Phase Two of Arabian Hills Estate, a Dh22 billion
sustainable community project on Dubai-Al Ain Road. The new phase offers
integrated living, recreational, educational, and commercial facilities, enhancing
quality of life for residents.

Palm Jumeirah And Jumeirah Bay Island Contribute 48% Of Dubai’s AED 50M+
Property Transactions

Palm Jumeirah and Jumeirah Bay Island lead Dubai's super-luxury real estate
market, making up 48% of transactions over AED 50 million in 2024. The market saw
growth, fueled by UHNWIs relocating, increased investor confidence, and Dubai's
global appeal.

Azizi unveils 109-unit waterside living project in Dubai South

Azizi Developments launched Monaco Mansions, an ultra-luxury waterside project
with 109 mansions in Dubai South’s Azizi Venice. Featuring eight architectural styles,
these bespoke homes offer six to eight bedrooms, private amenities, and lagoon
views, embodying high-end waterfront living.

Dubai real estate: Buyers split budget to acquire more units for self-use,
rentals

The current shift to affordable housing options in Dubai’s residential real estate is
taking interesting turns, with buyers with substantial budgets are seen splitting them
to acquire two properties rather than one – one for self-use and the other for renting
out, industry insiders said.

UAE real estate market positioned for robust growth in the last quarter as
demand surges for prime assets: JLL

UAE’s real estate market showed resilience in Q3 2024, driven by economic
fundamentals and investor confidence. Strong demand boosted residential,
commercial, hospitality, and industrial sectors, with notable increases in transactions,
rents, and new developments, despite global uncertainties.

The Rising Star Of UAE Real Estate: Ras Al Khaimah’s Transformation

Ras Al Khaimah (RAK) is emerging as a promising UAE real estate hotspot,
attracting investors with affordable prices, strong ROI, and ambitious developments.
Flagship projects, thriving tourism, and government initiatives are driving growth,
making RAK a compelling alternative to more saturated markets like Dubai and Abu
Dhabi.

Majid Al Futtaim announces sell-out of Lacina, phase two of Ghaf Woods

Majid Al Futtaim's Ghaf Woods project in Dubai, featuring sustainable forest-living,
saw sell-out success for its second phase, Lacina. The community offers nature-
integrated living with 35,000 trees, diverse amenities, and customizable interiors,
highlighting the demand for environmentally conscious and high-quality urban living.

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Dubai Real Estate Transactions as Reported on the 25th of November 2024

November 26, 2024

On 25th November 2024, the total value of real estate transactions in Dubai
reached an impressive AED 1.29 billion. This figure encompasses both off-
plan and ready properties, providing an insightful snapshot into the dynamics
of Dubai's real estate market. Below, we analyze the contributions from off-
plan and ready properties as well as the distribution across various property
sub-categories.

Breakdown of Off-Plan vs Ready Properties

Out of the AED 1.29 billion total, off-plan transactions accounted for AED
663.8 million, representing 51.4% of the total transactions. Meanwhile, ready
properties contributed AED 628.4 million, making up 48.6% of the total. This
near-even split highlights a balanced market where both new developments
and existing properties are seeing substantial activity.

Off-Plan Property Contributions

The total value of off-plan transactions was AED 663.8 million. Breaking down
this category:

 Flats were the dominant contributor, totaling AED 582.5 million, which
equates to 87.7% of the total off-plan transactions. This reflects the
continuing strong demand for residential apartments in developing
projects.

 Villas contributed AED 60.9 million, representing 9.2% of off-plan
transactions. This suggests a steady interest in larger properties in the
early stages of development.

 Hotel Apartments & Rooms accounted for AED 13.1 million, which is
2.0% of the off-plan market, showing moderate interest in tourism-
focused properties.

 Commercial properties contributed AED 7.3 million, equaling 1.1% of
the off-plan total, indicating a smaller but still active interest in
commercial investments.

Ready Property Contributions

For ready properties, the total transaction value stood at AED 628.4 million.
The breakdown is as follows:

 Flats were also the leading contributor among ready properties, with
transactions worth AED 426.2 million, making up 67.8% of the total
ready property transactions. This underlines a high preference for
immediate residential occupancy.

 Villas contributed AED 124.1 million, representing 19.8% of ready
transactions, indicating solid demand for ready-to-move-in spacious
residences.

 Hotel Apartments & Rooms accounted for AED 18.6 million, which is
3.0% of the ready property market, reflecting a niche but consistent
demand for investment in hospitality.

 Commercial properties contributed AED 59.4 million, representing
9.5% of the total ready property transactions, showing notable interest
in immediately available business spaces.

Market Insights

The real estate market in Dubai continues to exhibit resilience and balanced
growth, as evidenced by the almost equal distribution of value between off-
plan and ready properties. The predominance of flats in both segments
indicates that apartments remain a favorite for both investors and end-users,
while villas also show steady traction, particularly among buyers looking for
larger living spaces.
Commercial and hospitality segments, while smaller in terms of total value,
are significant contributors that indicate investor confidence in Dubai's long-
term growth, especially in areas tied to tourism and business activities. The
emergence of such balanced contributions from various property types points
to the robustness of Dubai's diverse real estate offerings.
This performance provides a solid foundation as the emirate continues to
attract both local and international buyers, driven by favorable government
policies, innovative projects, and a thriving economic environment.

Dubai Real Estate Market Review 26-Nov-2024

Dubai real estate market has seen more than 188k transactions and passed
AED625bn ($170.2bn) so far this year. Dh4 million annual rent for a penthouse.
Record growth in 2024, a 13.4% rise from 2023.

Sheikh Hamdan highlights Dubai real estate market’s importance as
transactions pass $170bn in 2024

The thriving Dubai real estate market has seen more than 188,000
transactions and passed AED625bn ($170.2bn) so far this year, according to
Land Department data.

Dubai real estate sector recorded $4.5bn of transactions last week,
including Business Bay apartment sold for $25m

The Dubai real estate sector recorded AED16.55bn ($4.5bn) of transactions
last week, according to data from the Land Department.

Dubai Property Buyers Eye Creative Ways to Pile In

Dubai's soaring property prices are driving increased interest in real estate
investment trusts (REITs) and fractional ownership apps, allowing investors to
enter the market with lower costs. REITs offer accessible real estate
exposure, while tech platforms like Stake enable small-scale property
investments, catering to the rising demand.

Global real estate leaders to convene in Dubai for World Realty
Congress 2024 in December

The World Realty Congress & Awards 2024 will gather global real estate
leaders in Dubai (Dec 9-13) to discuss sustainability, innovation, and
PropTech. It aims to align real estate with UAE Vision 2033, culminating in an
awards gala recognizing contributions to development and sustainability.

Dh4 Million Penthouse Sets New Standard for Dubai Rent

Dubai's luxury rental market is booming, with high-end properties like One at
Palm Jumeirah setting records. The Dh4 million annual rent for a penthouse
highlights rising demand for exclusive rentals, attracting global attention and
reinforcing Dubai's reputation as a luxury real estate hub.

Dubai’s real estate market sees notable growth, enhancing 2033
strategy goals

Dubai's real estate market saw record growth, with over 151,000 sales in
2024's first 10 months—a 13.4% rise from 2023. October alone hit 20,460
sales, the highest ever recorded. New projects focus on diverse price points,
supporting Dubai's goal of a 70% transaction increase by 2033.

What is spurring rising demand for Dh100m homes in the UAE?

Dubai's luxury property market is booming, driven by ultra-wealthy buyers
seeking prime locations like Palm Jumeirah. Demand for Dh100 million-plus
homes remains strong, fueled by Dubai's lifestyle appeal and favorable tax
environment. The market continues to see record transactions, with limited
supply creating high competition for luxury properties.

Revealed: UK non-dom tax changes trigger large-scale property sales
by long-term GCC investors, experts say

The London and also the wider UK real estate market of late is seeing a mad
rush for liquidation of residential assets by long-term GCC owners due to tax
implications in the wake of the British government’s move to amend non-dom
rules, industry insiders said.

K-Mavins Group hands over $109mln Dubai residential project

K-Mavins has handed over its AED400 million Terrases Marassi Drive project
in Dubai's Business Bay. Featuring luxury amenities, the project reflects
growing confidence in Dubai's real estate market. The group plans a new
AED340 million project in Al Jaddaf and is expanding its retail portfolio with
The Villa Square and Liwan Mall.

Avighna Group acquires Emaar Business Park 3 for Dh240 million

Avighna Group acquired Emaar Business Park – Building 3 for Dh240 million.
The Grade-A property in The Greens offers 150,000 sq. ft. of commercial
space. The acquisition aligns with Avighna's global expansion, reflecting
confidence in Dubai’s thriving market for premium commercial real estate
amid limited supply and rising demand.

Dubai real estate: SOL Properties, Fairmont announce largest triplex
sky mansion

SOL Properties and Fairmont Hotels & Resorts have unveiled a 20,000-
square-foot triplex sky mansion in Downtown Dubai, situated atop the
Fairmont Residences Solara Tower Dubai.

How Dubai architects are designing world's second-tallest tower with
vertical mall, 7-star hotel

Burj Azizi, a 725m skyscraper on Sheikh Zayed Road, will be the world's
second-tallest structure after Burj Khalifa. Scheduled for 2028 completion, the
Dh6-billion project will feature luxury amenities, a vertical shopping mall, and
multiple world-record elements, showcasing Dubai's continued innovation and
architectural ambition.

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