by Jibran Munaf | August 16, 2024 | Economy, News, Real Estate
Dubai’s inflation rate slowed to 3.32% in July, its lowest so far this year, despite high housing costs in the emirate. Housing, utilities, and fuels, which account for over 40% of the consumer price index, rose 6.76% year-on-year in July, the highest increase this...
by Vasu Jit Kalia | August 14, 2024 | Real Estate
The Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi’s real estate sector, announced today that the Abu Dhabi real estate market has recorded a remarkable 225% surge in foreign direct investment for the first half of 2024 compared to the...
by Vasu Jit Kalia | August 12, 2024 | Real Estate
The real estate market in Sharjah continues its growth, achieving a trading value of AED 3.9 billion in various areas and cities of the emirate during July 2024, according to the “Real Estate Market Performance Report” issued by Sharjah Real Estate...
by Vasu Jit Kalia | August 12, 2024 | Real Estate
Sustainable Housing as a concept has made its way into society, taking up prominence in the UAE. As a result of urbanization impacting the ecosystem, the UAE, recognizing this threat has shifted towards sustainable and eco-friendlier real estate projects. Unlike...
by Jibran Munaf | August 12, 2024 | Expert Analysis, Market Commentary, News, Real Estate
Residential demand in Dubai saw a significant boost in July, with more than 15,300 units worth AED40.5 billion ($11.03 billion) transacted across the city, according to Emirates NBD Research. Strong Demand for Off-Plan Units The demand for off-plan units has remained...
by Jibran Munaf | August 11, 2024 | Industry, News, Real Estate
Dubai-based Emaar Properties PJSC reported an H1 2024 net profit attributable to shareholders of 5.34 billion dirhams ($1.45 billion), marking an 8% year-on-year (YoY) increase. This rise is attributed to a surge in retail sales and heightened demand for real estate...
