📈Dubai's property market reached a new pinnacle in May 2024, with over 17,500 property transactions, smashing past records by 27%!

🌐 Read More News HERE !

#DubaiRealEstate #RecordBreaking #PropertyTransactions

The Astera: Dar Global and Aston Martin Launch Branded Beachfront Residences in RAK

Dar Global, in partnership with Aston Martin, has launched The Astera, a luxury beachfront development on Al Marjan Island, featuring premium amenities and elegant interiors.

Located an hour from Dubai, The Astera combines exclusivity with investment appeal, offering a tax-free environment with an investor-friendly payment plan, set for completion in December 2028.

🌐 Read More HERE !

#dxbinteract #realestatemarket #propertymarket

🏙️ Dubai's affordable locations see surge in 20% rent increases on renewals

Mid-market residential locations such as Jumeirah Village Circle, Al Furjan, Arjan, Motor City and even Dubai Sports City are seeing more of the full 20 per cent rental hikes allowed on lease renewals under the revised RERA Rental Index.

🌐 Read More News HERE !

#dxbinteract #realestatemarket #propertymarket

✈️ UAE Leads the World in Air Transport Infrastructure Quality

The UAE is celebrated for its top-tier air transport infrastructure, with major airports like Dubai and Abu Dhabi enhancing global connectivity through advanced technology and sustainable practices.

This leadership in aviation boosts the economy and sets global industry standards, firmly positioning the UAE as a leader in global aviation.

🖥 Read More HERE !

#dxbinteract #realestatemarket #propertymarket

Jumeira Bay Island in Dubai breaks another record by selling a villa for Dh175 million

The record for the most expensive homes in Dubai still stands at Dh598 million for a Palm property. Others have fetched Dh300 million or more on the Palm recently. Currently, there are penthouses on the market for more than Dh700 million.

🖥 Read More News HERE !

#dxbinteract #realestatemarket #propertymarket

💲Dubai South Properties Sells Out Final Phase of South Bay Development in 4 Hours

Dubai South Properties quickly sold out all units in the final phase of its South Bay development, reflecting the high demand in Dubai South's Residential District.

🌐 Read More News HERE !

#dxbinteract #realestatemarket #propertymarket

Dubai Real Estate Market Overview

Weekly Sales Summary

✅ Sales volume:
4,360 transactions

6.06% increase

✅ Worth:
1.4K per sqft

-100% decrease

🌐 More Reports HERE !

#dxbinteract #realestatemarket #propertymarket

🔒 Dubai: Illegal Evictions Amid Rent Hikes Spark Concern Among Residents

In Dubai's real estate market, illegal evictions are increasing as landlords evict tenants under false pretenses and re-rent properties at higher rates.

The law requires a 12-month notice for evictions for sales and prohibits re-renting for two years unless genuinely sold. Tenants can seek compensation and need to be aware of their rights to challenge such actions.

🌐 Read More HERE !

#dxbinteract #realestatemarket #propertymarket

💲3 Real estate developers fined Dhs1.5m for escrow account violations

Three real estate developers in Dubai have been handed a hefty fine of Dhs500,000 each, for promoting and marketing real estate projects, without completing the required registration procedures for off-plan projects.

The violators were fined by the Dubai Land Department

🌐 Read More News HERE !

#dxbinteract #realestatemarket #propertymarket

💥 Dubai Real Estate Boom: Unprecedented Growth, Looming Risks, and a AED 12 Billion Bet

In Q1 2024, Dubai's real estate market saw transactions worth 186 billion AED, driven by strategic developments and global appeal.

Despite potential oversupply with 95,000 units expected by 2026, strong demand and effective regulation support continued market growth.

🌐 Read More HERE !

#dxbinteract #realestatemarket #propertymarket

✅ Dubai Real Estate: Binghatti's Bold Expansion Plans

Binghatti Developers is launching 12 new projects in Dubai by late 2024, with an investment exceeding AED 10 billion, driven by strong demand.

In partnership with the Dubai Land Department, they are enhancing market efficiency and promoting Emirati participation through discounts and a new real estate academy, aiming to foster sector growth and innovation.

🌐 Read More HERE !

#dxbinteract #realestatemarket #propertymarket

📲 Stay Informed About New Projects and Properties in Your Area With the DXB Interact Mobile App!

Always stay up to date on:

🔹 Latest Projects

🔹 Real Estate Investment Map

🔹 Property Prices & Real Estate Market Reports

🔹 Property Transactions

🔹 Property Market Performance Summary

🔹 Project price comparison

🔹 Latest Real Estate News

🔹 And more…
__________________________

📱 Download for IOS HERE

📱 Download for Android HERE

💲In 2023, the UAE's GDP reached US$457 billion

In 2023, the UAE's GDP hit $457 billion, driven by growth in finance, real estate, and transport, making it one of the fastest-growing economies.

The non-oil sector, which constitutes 74.3% of the GDP, grew by 2.5%, showcasing the nation's successful diversification efforts.

🌐 Read More News HERE !

#dxbinteract #realestatemarket #propertymarket

Dubai Real Estate Market Overview

Weekly Sales Summary

✅ Sales volume:
1,910 transactions

-56.22% decrease

✅ Worth:
1.5K per sqft

-100% decrease

🌐 More Reports HERE !

#dxbinteract #realestatemarket #propertymarket

UK Faces Economic Shock as Wealthy Individuals Migrate to the UAE

The UK will lose 9,500 millionaires this year, mainly to the UAE, which offers financial perks and a high quality of life. This trend will reduce luxury property demand in the UK and boost real estate investment in the UAE.

🌐 Read More News HERE !

#dxbinteract #realestatemarket #propertymarket

📍Century Tower: A Sell-Out Success in Business Bay

At the Century Tower launch in Business Bay, 190 of 210 apartments were sold. This success is linked to Al Shafar's reputation for quality construction, especially valued after recent rains.

The event reflects a trend in Dubai's market toward durable properties from trusted developers.

🌐 Read More Articles HERE !

#dxbinteract #realestatemarket #propertymarket

📍Renaming Dubai's Neighborhoods: A Fresh Identity for 28 Areas

The Dubai Land Department is renaming 28 neighborhoods to reflect Dubai's evolving identity. Changes include renaming Sheikh Zayed Road to Burj Khalifa and Emirates Hills to Al Thanyah areas.

This rebranding aims to align neighborhood names with Dubai's contemporary landscape and ambitions.

🌐 View the full list HERE !

#dxbinteract #realestatemarket #propertymarket

📍IL Primo: Emaar's Masterpiece in Downtown Dubai Prepares for Grand Debut

IL Primo by Emaar in Downtown Dubai is set to redefine luxury living with its exclusive penthouses and duplexes. Located near the Dubai Fountain and Burj Khalifa, it offers prime views and top-notch amenities, including an infinity pool and private cinema.

The project has seen significant price appreciation, underscoring its desirability in the market.

🌐 Read More Articles HERE !

#dxbinteract #realestatemarket #propertymarket