News
-
20.09.2021
According to Arab News, transactions number in the sale and purchase of private houses has increased by almost 50%. According to information from the ValuStrat Price Index, the most significant activity among housing buyers in the category of villas was manifested in the following residential communities of the emirate: Arabian Ranches, Jumeirah Islands, Dubai Hills Estate and The Lakes. According to research by the same source, it is also reported that the price of residential properties in these communities continues to increase. The increase in value is also significantly influenced by the fact that the population of Dubai is growing by 8 percent every year, and the state is making significant efforts to further improve the life quality of its citizens. As reported by Property...
-
18.09.2021
Dubai Land Department has published regular reports on the number and volume of transactions. According to this document, in the first full week of September 2021 (from 2 to 9), more than 1,900 real estate transactions in the emirate were carried out, totaling more than 7 billion dirhams. Translated into international currency, the result is an amount equal to US $ 2 billion. The most expensive property in the category of villas and townhouses is a cottage on the iconic tourist island Palm Jumeirah. This island is artificial, that is, created by human hands. The place attracts tourists and investors from all over the world, and there are exceptionally luxurious residential properties and hotel complexeson the territory of the “palm”. The price for this luxury residential...
-
16.09.2021
The new 5-star resort will be located on the famous Palm Jumeirahisland. The founder of this hotel was the famous international company Accor, which owns the Raffles hotel chain located in different countries (Turkey, Singapore, etc.) Raffles The Palm Dubai became the first hotel of this chain in the Middle East. East. This luxurious hotel has 391 rooms and 10 townhouses. Each of these houses has its own garden and private access to the sea. Inside the hotel guests will find 4 spacious bedrooms, so this type of accommodation will be popular among large companies and families with children of different ages. In addition to comfortable accommodation, Raffle Palm Dubai offers guests European spa services, including luxury massage services, saunas and hammams. The resort has many relaxation...
-
14.09.2021
According to the recognized analytical agency ValuStrat, despite significant decline in apartment prices, it is the detached properties that continue to show growing demand and an increase in pricesalong with it. According to the same agency, the capital value of cottages on average increased by more than 6 percent in the last month of the summer of 2021 compared to previous months. It increased by 1.5 percent when comparing the data of the current year and the past. To understand the growth in value, one should pay attention to such a factor as the weighted average capital cost. For villas and townhouses, it is equal to 435 thousand US dollars (or 2.5 thousand per square meter). Of all the low-rise communities, the largest growth was seen in the Arabian Ranches community - in this case,...
-
12.09.2021
As reported by the ValuStrat agency, the number of transactions with villas increasedin August 2021. The company informs that the following communities are especially popular among purchasing cottages: Arabian Ranches, Jumeirah Islands, Dubai Hills Estate and The Lakes. It is also worth considering Property Finder report, according to which it can be concluded that Dubai property market is recovering. The company also says that it is the villas that have started to sell more often by 50% compared to previous months. Property Finder also notes: in eight months of this year, transactions were carried out by 22 percent more than in the entire last year. It is becoming clear that the current year will end with a high growth rate relative to the pandemic 2020. In terms of value, the...
-
10.09.2021
ValuStrat informs that sales of off-plan houses almost doubled over the year. Experts report that it is the cottages under construction that seem to be the most attractive to investors. Luxury houses with a large area show especially high demand of all the category of low-rise residential properties on the market- these are townhouses and villas with 3 or more bedrooms located on the first line. Analytical agency ValjuStrat calls the exact value of the increase: over the last year it was 94 percent. This incredible increase is due to the 2020 pandemic-related market crisis. Experts name several areas where residential real estate has shown a particular increase. These are Jumeirah Village, Jumeirah Lake Towers, Meydan One, Dubai Harbor. The most expensive of the sold objects is also...
-
08.09.2021
Experts inform that the low-rise housing market in the UAE is returning to the state it was in the days before the pandemic. In addition to expert opinions, there are other facts confirming this. For example, social networks are flooded with posts with photos and videos, where you can see that there are literally queues to the office of the famous developer Nakheel. The reason for this was sales start of new townhouses Murooj Al Furjan West. Only large townhouses - from three bedrooms - are presentedin the new line of the Al Furjan community. The cost for the first buyers was 1.85 million dirhams (or 500 thousand US dollars). Long tails of queues at developers' offices are not uncommon: this has happened before, before the pandemic. Representatives of the development company say that...
-
06.09.2021
Analytical company Asteco reports a sharp rise in the cost of rents in Dubai. Agency experts suggest that this growth may be unfounded. As proof, they cite the lack of a sufficient number of new proposals and report that the current number of apartments offered for rent significantly exceeds the influx of residents into the emirate. Moreover, Asteko's experts report which type of real estate is most popular - these are villas. Villa rentals also increased by 10 percent across the emirateon average. Experts have no doubts about this increase: they believe that the rent for private low-rise buildings may continue to increase. Experts say that the main factor behind the increase is the limited number of offers on the rental market: in the 2nd quarter of 2021, developers have handed over only...
-
04.09.2021
It is planned to build 40 ultra-modern private housesin the elite area of Dubai Hills Estate. In addition to the fact that they will be luxurious and expensive, the idea of architects and designers is also surprising: each house will be presented in the form of an Italian racing car. The elite quarter of Dubai Hills Vista will be built with the participation of an Italian car company. Of course, collaboration will be organized with the participation of Lamborghini. It is not hard to guess who the potential audience of the community will consist of - racers and fans of this sport. Not only the exterior of the house, but also the interior decoration will be done in the appropriate theme: the automotive giant is producing branded furniture, which will be used to equip luxury villas...
-
02.09.2021
Dubai real estate market has been revamped: Nakheel, a construction company, one of the region's key developers, has put up for sale 360 townhouses as part of the Murooj Al Furjian West project. This quarter is part of the territory of Al Furjan district. Among the objects presented there are only large townhouses - from 3 bedrooms or more. Starting price is from 500 thousand US dollars. Construction company representatives report that the area is showing high demand, including among foreign investors. ValuStrat thinks that this interest is underpinned by the persisting pandemic trend for detached housing in urban club-style sectors. Analysts inform that it is not worth expecting a decline in this interest even after all restrictions are lifted. In general, not only this residential...