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...
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...
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