Ready-Made Properties and Off-Plan Projects: Market Trends in 2022-2023 Over the past 3 years, prices of ready-to-use properties, namely apartments, villas and commercial units, have been steadily increasing. Thus, in 2020, the average price per sq. ft. in these types of properties was AED 736 (USD 200), whilst in 2021, this increased by 18.3% to AED 870 (USD 237), and in 2022 — by 15.7%, reaching...
According to Hussain Sajwani, CEO of DAMAC Properties, Dubai’s real estate market has just started entering its best phase. Whilst before the emirate was considered as a location for temporary stay, nowadays many individuals, including top billionaires from Europe, along with their families are choosing Dubai as a primary home. The success of the real estate sector is attributed to the...
According to Bayut & dubizzle, budget-friendly apartments witnessed an uptick of up to 24%, whilst the rental value of luxury units grew by 24–54%. When it came to villas, affordable properties recorded a growth of 2-23%, whereas rental rates for prime units increased by a whopping 54%. The most popular budget-friendly accommodation options included Jumeirah Village Circle and Bur Dubai for...
According to DXBinteract.com, sales of the off-plan market grew by 100%, with over 52,000 deals worth more than AED 124B (USD 33.7B). Such astonishing indicators are attributed to a variety of flexible payment plans and lucrative yields from off-plan sales. It is worth noting that lately privacy and space are of great importance to homebuyers, which is why many individuals have decided to sell and switch...
What you should know For Securing a Mortgage in Dubai.. Buying a property can be a quite exciting yet daunting process. Since one of the key steps in purchasing a home is securing a mortgage, Here's a few tips you should consider before getting a mortgage for your new home in Dubai. 1. Get your down payment ready Before getting a mortgage, you need to be aware that you will have to save...
Reasons To Invest In Dubai Real Estate In 2022 Dubai has been a popular destination to invest in real estate. Many people from all around the world tend to transfer their money to this amazing Middle Eastern city as it offers unique benefits that not every city offers in the world. But what are these reasons? Here are reasons to invest in Dubai Real Estate market in 2022. An Opportunity To Get Dubai...
If you’re an expat looking to buy a home in Dubai, map out your mortgage plan first. Assuming you’re not paying cash, that is. With properties selling like the proverbial hotcakes, you need to be capable of making an offer quickly or you’ll end up missing out on your dream home. We rounded up the best recommendations so you can get the edge on the competition. Here are five tips to help get...
Buying a home or an investment property is an important decision and buyers are often in the dilemma of whether to choose a ready or an off-plan property. The choice generally depends on financial or investment goals, it’s vital to know the benefits of both to make an informed decision. We mostly know the benefits of buying a ready property that includes being able to physically inspect the property...
There is no question that Dubai is a hotspot for real estate investment. While the market slowed down during the height of the pandemic, Dubai did considerably well. And it did not stop there.Dubai bounced back quickly. As other cities scrambled to mitigate the health and economic impacts of COVID-19, it swiftly worked on vaccination and other rapid response protocols. All while it introduced new...
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