💸The Central Bank of the United Arab Emirates (CBUAE) has set a new record

As of the end of April 2024, its consolidated balance reached an all-time high of 789.82 billion dirhams.

🌐 Read More News HERE !

#dxbinteract #realestatemarket #propertymarket

📌WEEKLY SUMMARY

Check out our posts from this week:

✅ News: Dubai is set to build the world's longest green highway

✅ Weekly Sales Summary

✅ Guide: Freehold Areas in Dubai

✅ Last Week Overview: Business Bay

✅ Future Plans: Marbella Resort

✅ Last Week Overview: Jumeirah Village Circle

✅ News: CBUAE has set a new record

📈Dubai Real Estate Market Overview

Weekly Sales Summary

✅ Sales volume:
4,010 transactions

+34.97% increase

✅ Worth:
1.7K per sqft

-100% decrease

🌐 More Reports HERE !

#dxbinteract #realestatemarket #propertymarket

🏙️ Ginco Properties Launches $327m One Residence in Downtown Dubai

Ginco Properties has announced the launch of One Residence, a luxurious new project in Downtown Dubai valued at AED 1.2 billion ($327 million).

This development comes as Downtown Dubai’s real estate market shows impressive growth, with a 133% increase in property transactions and a 41% rise in rents in recent years.

🌐 Read More News HERE !

#dubairealestate #dubaiproperty

Last Week Overview

DOWNTOWN DUBAI

💲Median Price:

AED 2,525,000
-16% decline from last week

💸 Median Price Per Sqft:

AED 2,470
-2% increase from last week

📈 Transactions:

58 transactions
-9% decline from last week

🌐 View the whole report HERE !

#dxbinteract #realestatemarket #propertymarket

🤔How can I make a decision about safe property investments more quickly?

- Find the answer on DXB Interact ! 🌐

#dxbinteract #realestatemarket #propertymarket

Dubai's Commercial Real Estate Faces Investor Surge and Supply Challenges

🔹 Foreign Investment: 45% of 2023 transactions by foreign investors.

🔹 Supply Issues: Rising demand outpacing supply.

🔹 Cost Increase: Construction materials up 20-30%.

🔹 Price Growth: 8-10% annual increase next decade.

🔹 Economic Diversification: Growth beyond oil and tourism.

🌐 Read More HERE !

#dxbinteract #realestatemarket #propertymarket

Last Week Overview

BUSINESS BAY

💲Median Price:

AED 1,748,000
23% increase from last week

💸 Median Price Per Sqft:

AED 2,180
10% increase from last week

📈 Transactions:

216 transactions
-36% decline from last week

🌐 View the whole report HERE !

#dxbinteract #realestatemarket #propertymarket

Record $17 Million Sale Achieved for Luxury Villa on Palm Jumeirah by Super-Prime Developer 25 Degrees

25 Degrees, known for its luxury European-style villas, has sold a beach villa on Palm Jumeirah for $17 million (AED 62 million), setting a new price record.

This sale highlights the growing demand for high-quality villas in Dubai. The developer aims to sell 100 homes by 2030.

🌐 Read More HERE !

#dxbinteract #realestatemarket #propertymarket

Aldar Introduces a Futuristic Skyscraper in Dubai

The new Aldar skyscraper will adorn Sheikh Zayed Road. Located on the outskirts of DIFC, the skyscraper will primarily serve as a Class A office building, also featuring retail and dining spaces.

The tower is expected to be completed in the fourth quarter of 2027.

🌐 Read More News HERE !

#dubairealestate #dubaiproperty

📊When Will the Dubai Real Estate Market Stabilize?

The Dubai real estate market is expected to stabilize after a rise in prices due to high demand and the UAE's ambitious 2030 goals.

Significant developments expected between late 2026 and 2028 may cause a temporary correction, but long-term investments remain attractive.

🌐 Read More News HERE !

#famproperties #dubairealestate #dubaiproperty

📈Dubai Real Estate Market Overview

Weekly Sales Summary

✅ Sales volume:
4,040 transactions

-0.76% decrease

✅ Worth:
1.5K per sqft

-100% decrease

🌐 More Reports HERE !

#dxbinteract #realestatemarket #propertymarket

Last Week Overview

DOWNTOWN DUBAI

💲Median Price:

AED 3,681,000
46% increase from last week

💸 Median Price Per Sqft:

AED 2,880
17% increase from last week

📈 Transactions:

42 transactions
-30% decline from last week

🌐 View the whole report HERE !

#dxbinteract #realestatemarket #propertymarket

Dubai Land Department Finalizes 647 Real Estate Settlements Worth AED 1.38 Billion

Dubai Land Department (DLD) settled 647 real estate disputes worth AED 1.38 billion in H1 2024 via the Oqoodi Platform.

This efficient process ensures investor satisfaction and project continuity. DLD's conflict resolution services foster trust in the real estate sector.

🌐 Read More HERE !

#dxbinteract #realestatemarket #propertymarket

Last Week Overview

BUSINESS BAY

💲Median Price:

AED 3,065,000
-14% decrease from last week

💸 Median Price Per Sqft:

AED 2,790
-5% decrease from last week

📈 Transactions:

34 transactions
-26% decline from last week

🌐 View the whole report HERE !

#dxbinteract #realestatemarket #propertymarket

📌New Requirements for Receiving Sale Funds in Advance

New rules require documentation such as an original manager's cheque, verified bank transfer details, a developer's Statement of Account, and a courts' declaration for cash transactions.

The statement "sale value received in cash in advance" is no longer accepted. Compliance is essential to avoid legal issues.

🌐 Read more HERE !

#dubairealestate #dubaiproperty #dxbinteract #realestatemarket #propertymarket

Last Week Overview

JUMEIRAH VILLAGE CIRCLE

💲Median Price:

AED 910,000
+1% increase from last week

💸 Median Price Per Sqft:

AED 1,330
+6% increase from last week

📈 Transactions:

1,262 transactions
+9% increase from last week

🌐 View the whole report HERE !

#dxbinteract #realestatemarket #propertymarket

📈Dubai Real Estate Market Overview

Weekly Sales Summary

✅ Sales volume:
3,070 transactions

-26.04% decrease

✅ Worth:
1.4K per sqft

-100% decrease

🌐 More Reports HERE !

#dxbinteract #realestatemarket #propertymarket