Dubai residents who have stayed for the long haul during the past decade or more will have experienced both extremes of the rental market cycle. Like any market, Dubai’s property sector has had its ups and downs amid global economic fluctuations since 2008. As a result, long-term tenants may have found they were paying almost […]

Last month set a record for the most Dubai property sales since 2008 with close to 5,000 real estate transactions, according to Dubai Land Department statistics compiled by real estate portal Property Finder. There were 4,774 sales of residential and commercial properties and land, according to Data Finder, the real estate insights and data platform […]

Earlier this month, Dubai formed a higher committee for real estate, headed by a Deputy Ruler Sheikh Maktoum bin Mohammed and senior property developers. It will look at restoring balance between supply and demand in the sector. A total of 20,978 residential units were completed in the first half of the year, according to Property […]

Dubai properties consistently offer rental yields of more than 7 percent on average, which compares favourably with other major cities. Average rental yields in New York stand at 2.9 per cent, London 2.7 per cent, Singapore 2.5 per cent and Hong Kong 2.4 per cent. “Despite a sustained contraction in prices, Dubai still holds its […]

Some 3,000 off-plan properties were sold in January and February, a decline from 2018

Experts project that real estate prices will continue to decrease this year

Many of them made fundamental shifts in operations to boost earnings this year