The World Realtors’ Post

Sales of luxury homes in Dubai valued at $10 million or more increased by 6% in the first quarter compared to last year, totaling 105 homes worth $1.73 billion. Cash buyers dominated the market, with Palm Jumeirah being the most sought-after area, followed by Jumeirah Bay Island and Dubai Hills Estate. Dubai ranked first globally for sales above $10 million last year, outperforming cities like London and New York, with double-digit price gains recorded despite global trends. #dubainews #dubairealestate #propertyinvestment #dubairealestate #dubaiproperties #dubai #mydubai #investmentopportunity

The number of luxury properties with a value of $10 million plus available for sale has dropped by more than half as more millionaires tend to make Dubai their home and fewer are willing to sell their assets. “The laser-like focus of the global wealthy on Dubai is best reflected in the rapid drop in the volume of $10 million-plus homes for sale, which has fallen by 59 per cent across the city over the last 12 months to just 864 homes,” said Faisal Durrani, partner and head of research for Mena at Knight Frank. In the post-pandemic period, there is more demand coming from the end-users and long-term investors for the Dubai property market on the back of confidence in the local economy and the government’s handling of Covid-19. #uae #dubai #millionares #luxuryhomes #propertyforsale #sellingassets #mena #knightfrank #postpandemic #localeconomy #covid19 #burjdiary #burjdiaryfamily

Dubai real estate sales tops Dh50 billion for the first time Dubai's residential real estate sales exceeded Dh50 billion for the first time, driven by an 80% surge in transactions, mainly from off-plan properties. Despite rising prices, Dubai remains attractive with a 6.9% rental yield. Top exclusive areas include Palm Jumeirah, Dubai Marina, and Downtown Dubai.

📈 Dubai Real Estate Market in August 2024 🏙️ Dubai's property market continues to surge, with total sales transactions reaching AED 37.3 billion—a 33% increase compared to August last year! 🔥 Key highlights: - 14,992 transactions in August 2024, marking a 36% YoY growth - Off-plan sales dominate with 69% of volume and 61% of total value - Prices hit AED 1,431 per sq. ft, an 18% YoY increase - Notable luxury transactions include a AED 139M sale at Dorchester Collection in Business Bay 💎 As we enter Q3, Dubai’s property market is on track for continued growth, with a potential interest rate reduction on the horizon. 🌟 Now is the time to explore the unparalleled opportunities in Dubai’s booming real estate market! 💼 #DubaiRealEstate #PropertyInvestment #LuxuryLiving #MarketTrends #OffPlanSales

Curious minds want to know. Read the answers here ⬇️ 1. What is the future of real estate in Dubai? Despite the vast supply pipeline, real estate consultants predict property prices will continue to surge in 2024 amid strong demand from local and foreign buyers. Evans says: “In January 2024, property prices reached all-time highs, at $349 (AED 1,284) per sq ft, reflecting a steady upward trend. 2. Which celebrity owns a house in Dubai? SHAH RUKH KHAN This Bollywood celebrity bought a lavish villa on Dubai's Palm Jumeirah in 2008. The opulent, over 18,000-square-foot Shah Rukh Khan residence in Dubai, has direct beach access, an outdoor pool and a Jacuzzi. Khan has grown to be one of Dubai's most well-known citizens since he purchased his residence. 3. What is the outlook for Dubai real estate in 2025? The Dubai real estate market is expected to continue its growth trajectory in the coming years, with prices expected to rise by an average of 5-7% per year in 2024-2025. Follow us to know more about trends & opportunities in Real Estate! Contact us: www.nidhiglobal.com #NidhiGlobal #NidhiSrivastava #DubaiWeather #StaySafe #DubaiRains #RealEstateInsights #InvestmentOpportunities #TrendingInRealEstate #RealEstateExcellence #Dubai

Dubai's property market is booming with opportunities for every type of buyer, from affordable options to luxurious investments! 🌆📈 In Q3 2024, prominent neighborhoods saw significant price hikes, while areas like International City and Dubailand became hotspots for affordable homes. Mid-range buyers continued to favor JVC and JLT, while luxury buyers focused on Dubai Hills Estate and Business Bay. With over 48,000 property transactions amounting to AED 120 billion, there's no better time to invest in Dubai's dynamic market. Ready to explore your options? 🌐 5pillars.ae 📞 +971 50 585 4855 #DubaiPropertyMarket #InvestInDubai #DubaiRealEstate #AffordableLivingDubai #LuxuryPropertiesDubai #DubaiHillsEstate #PropertyInvestment #DubaiCreekHarbour #5PillarsDubai #DubaiPropertyTrends #Q32024 #DubaiInvestments #MidRangeHomes #LuxuryLivingDubai #DubaiRealEstate2024

Dubai Property Fact & Figures Dubai property sales for the month of August over the last five years have now risen from: • 2020: AED4.7bn ($1.3bn) across 2,400 transactions • 2021: AED14.98bn ($4.1bn) across 5,800 transactions • 2022: AED23.4bn ($6.4bn) across 9,400 transactions • 2023: AED33.6bn ($9.1bn) across 11,800 transactions • 2024: AED47bn ($12.9bn) across 16,000 transactions The traffic is back but on a different level then even before the summer How many people have moved or are continuing to move to Dubai? If we go by the sales / communications we have ongoing on a daily basis - the pace of investment / migration is accelerating from all parts of the world. 10.6 M visitors in 7 months have visited Dubai - up 8% from last year. Occupancy rates in 151,000 hotel rooms is averaging 77% (76% last year). Thousands of units in existing supply are catering to the short term rental market as well. Long term rentals continue to skyrocket putting real inflationary pressures in the city. It is not uncommon to see 1 bedroom luxury waterfront apartments with asking rents north of AED 350,000 per annum. In 2021, Dubai recorded its first ever rental at AED 1,000,000 / annum. Now it's very common to see luxury villas in prime communities with AED 1.5 - 2.5 M rents. In August 2024, with at least half the city away - 16,000 transactions were recorded - the second best of the year. #networking #network #business #internationalbusinessdevelopment #elevatedexperiences #experience #internationaltrade #opportunities #ukus #wearechelsea #clubchelsea #businessdevelopment #connections #relationships #wealthmanagement #privateequity #business #familyoffice #finance #wealth #investors #Commercial #realestate #landlords #property #propertyinvestors #propertyinvestments #london #manchester #Birmingham #dubai #india #china #hongkong #singapore #ksa #crypto #investing #markets #housing #money #venturecapital #bankingindustry #connections #coutts

🚀 Dubai Real Estate Market Update: Q2 2024 🚀 The Dubai real estate market continues to show impressive growth, achieving a total of AED 124.2 billion in sales for Q2 2024, marking a 37% increase from Q2 2023. Key highlights include: 🔹1st Sales: AED 75.7 billion, a significant 58% increase from AED 47.9 billion in Q2 2023. 🔹 Resales: AED 48.3 billion, up from AED 42.5 billion last year. As of July 19, registered sales have surpassed AED 32 billion, underscoring the dynamic nature of Dubai's property market. 🌟 This incredible demand highlights Dubai's position as a global hotspot for luxury real estate. The rapid sales showcases investor confidence and the city's appeal as a premier destination for high-end properties. As we continue to witness such dynamic growth, Dubai reaffirms its status as a leading real estate market. Exciting times ahead! 🏝🏢 Stay tuned for the latest updates in Dubai's real estate market. #DubaiRealEstate #LuxuryLiving #InvestmentOpportunities #WorldIslands #MarbellaResort #HighReturns #RentalYields #DubaiInvestment #DubaiCommercialRealEstate #InvestmentOpportunities #BusinessGrowth #Dubai2040 #CommercialProperties #RashidAlMaktoumAirport #DubaiSouth #GlobalBusinessHub #ocean #ROI #luxury #lifestyle #peace #luxuryliving #investment #DubaiRealEstate #Dubai2033 #Dubai22040 #OffPlanProperties #realestate #trending #sajidali #ardalaqhawan #opheliaabdulaziz #marcohakim #style #habibi #future #vision #coffee #dubaimall

The Dubai real estate market witnessed a remarkable performance last week, recording AED 13.58 billion ($3.7 billion) in total transactions, as reported by the Dubai Land Department. This included 3,894 property sales valued at AED 10.42 billion ($2.8 billion). Luxury properties dominated the headlines, with notable deals such as a breathtaking AED 57.5 million ($15.7 million) apartment in Business Bay's prestigious Dorchester Collection and two high-value sales on Palm Jumeirah for AED 40.6 million ($11 million) and AED 37.25 million ($10.1 million). These figures highlight Dubai's thriving real estate sector and the sustained demand for premium properties. 🏠🙌🏻

DUBAI REAL ESTATE MARKET SUMMARY – FEBRUARY 2024 In February 2024, the Dubai Land Department (DLD) reported a total of 12,025 real estate sales transactions in Dubai, amounting to AED 36.7 billion. The transaction volume experienced a 34.0% increase compared to February 2023, there was a notable 34% increase in the overall transaction value during the same period. TOP 5 AREAS BY SALES VALUE ➊ Al Barsha South 4th – AED 1,121 million ➋ Madinat Dubai Almelaheyah – AED 1,938 million ➌ Business Bay – AED 1,935 million ➍ Dubai Marina – AED 1,922 million ➎ Al Merkadh – AED 733 million TOP 5 PROJECTS BY SALES VALUE - Apartments ➊ Bulgari Lighthouse Dubai, Island 2 – AED 140 million ➋ Como Residences, Palm Jumeirah – AED 96 million ➌ Orla Infinity By Omniyat, Palm Jumeirah – AED 73 million ➍ The 118, Burj Khalifa – AED 65 million ➎ Keturah B2, Al Jadaf – AED 50 million TOP 5 AREAS BY SALES VALUE - Villas ➊ MBR City District 1, Phase 1 – AED 65 million ➋ The Beachfront Villas By Ellington, Wadi Al Safa 3 – AED 40 million ➌ Signature Mansions , Jumeirah Golf – AED 39 million ➍ Plagette 32, Al Hebiah Fourth – AED 29 million ➎ Sur La Mer, La Mer – AED 16 million February marks the commencement of the new business season in Dubai, a tradition that extends to various sectors, notably the real estate market. #DubaiRealEstate #FebruaryMarketReport #DubaiProperty #RealEstateTrends #BusinessSeason #PropertyTransactions #InternationalInvestment #MarketAnalysis #TouristInflux #DubaiBusiness #LuxuryLiving #TopAreas #NewSeasonSales #MarketInsights #PropertyInvestment #NewTownRealEstate #FebruaryStats #GlobalInvestors #PropertyValues