In a significant development, the real estate market in Dubai has continued its upward trajectory, showcasing its resilience and attractiveness to investors.
According to data released by the Dubai Land Department (DLD), the market recorded a total of 567 sales transactions, amounting to AED 1.88 billion on Monday.
Additionally, there were 155 mortgage deals totaling AED 688.9 million, and 17 gift deals valued at AED 44.05 million.
The real estate market in UAE has shown remarkable resilience with 2,329 real estate transactions in Dubai totaling over AED 12.7 billion in value during the week concluding on September 15, 2023, as per the latest data released by the Dubai Land Department (DLD).
The DLD’s comprehensive report unveils intriguing insights into the city’s real estate landscape. Notably, 549 plots changed hands, commanding a substantial AED 4.25 billion, while 1,780 apartments and villas found new owners, amounting to AED 3.94 billion in transactions.
A groundbreaking real estate service in Dubai is now catering to privacy-conscious individuals, offering them a discreet way to sell their homes without drawing public attention.
Tailored exclusively for high-profile clients, including celebrities, VIPs, and high-net-worth individuals, the Off-Market Listing (OML) platform is redefining the real estate experience by prioritizing confidentiality in property transactions.
In the highly anticipated Palm Jebel Ali sales relaunch, experts believe that this moment could redefine the thriving Dubai property market for the year ahead and usher in a new era of growth for the Palm Dubai development.
Caesars Palace Dubai is a project by Ennismore and the Banyan Tree Group have joined forces with Dubai Holding to introduce a spectacular new hotel venture in Dubai.
The project, located on Bluewaters Island, marks the end of an era for Caesars Palace Dubai, which is set to be replaced by the luxurious Banyan Tree Dubai, slated to open its doors in November 2023.
In recent years, Bayut, the UAE’s leading property portal, has pioneered innovations in the PropTech domain with multiple solutions tailored to meet the evolving needs of the market.
Following on from their industry-defining products such as TruCheck and Search 2.0, Bayut has taken the step to further seamlessly integrate AI into the property search experience with the launch of BayutGPT, the region’s first cutting-edge AI-powered property search assistant.
