Real estate experts expect an increase in property price and rental value amidst rising demand from HNWIs and foreign investors Dubai real estate market will continue its upward trajectory in 2023 as the property prices and the annual rent are expected to increase further amid rising demand and interest from high net worth individuals (HNWIs) and foreign investors, according to the Zoom Property Insights. The latest data from Zoom Property Insights forecasts that Dubai property prices are expected to increase up to 20 per cent increase on average and the luxury segment will continue to dominate with 13.5 per cent … Continue reading Dubai property market set to hit new peak in 2023

The market is set to end the year on a high note as prices continue to increase, fuelled by the rising demand from HNIWs and foreign investors With a nearly 1.8 per cent price increase in October and a similar trend in November, the Dubai property market is heading for a strong fourth quarter and end to the year as the investors and end-users continued to invest in the emirate’s real estate sector. The latest data from Zoom Property Insights indicated that average property prices in Dubai have reached AED 1,070 per square foot. It also disclosed an over 8.5 … Continue reading Palm Jumeirah, Downtown in demand as Dubai property market continues its growth in Q4

Palm Jumeirah continues to be the most in-demand area for rental properties in Dubai The Dubai rental market continues its boost as the average rent witnesses a jump of 27 per cent this year, with the demand also getting a major boost in line with strong economic activity in the emirate, according to the Zoom Property Insights. The average apartment rental prices have reached AED 91,795 AED, while the rent of villas has jumped to AED 274,740. This shows an increase of 27.5 per cent and 25.7 per cent in both the respective sectors, according to the survey. However, due … Continue reading Dubai rents witness a 27% jump in 2022

Binghatti Developers, one of the leading real estate development companies in the UAE, clinched the “Fastest Real Estate Developer” award for project hand over, organized by the Dubai Land Department (DLD), as the fastest developer to complete 10 real estate projects in the past year. Muhammad Binghatti, CEO and Head of the Architectural Department at “Binghatti Developers” received the award during a ceremony held by the department on the sidelines of Cityscape Dubai Global, the largest real estate event in the GCC, which was held in Dubai World Trade Centre from November 21 to 23. Binghatti Developers winning of this … Continue reading RERA honored Binghatti Developers as the fastest Real Estate developer in Dubai