According to experts, the DUBAI real estate market will keep growing this year after getting off to a great start in the first quarter as buyers of residential properties in the emirate continue to pour money into the market. According to recent data, the residential market in the emirate experienced strong double-digit growth in both transaction volume and value during the January–March 2024 quarter, indicating that it has maintained its appeal. Strong demand and a gradual increase in the emirate’s population in the coming years will cause the market, which is predicted to post over Dh100 billion in sales through more than 30,000 transactions in the first quarter, to sustain steady price and transaction increases throughout the year. In the first…
Dubai Real Estate
The residential real estate market in Dubai has demonstrated growth and resilience; the most recent data from ValuStrat shows notable increases in capital values in several different segments. The Dubai Residential Capital Values Price Index (VPI) saw a strong annual increase of 23.1 percent, reaching 164.1 points, with a monthly uptick of 2.1 percent, according to the February 2024 report from ValuStrat. According to the report, this increase in value is a reflection of the ongoing demand and investor confidence in the real estate market in the Emirate. The report also identified a noteworthy trend: compared to the prior year, capital gains for highly sought-after villas increased by an astounding 28%, with growth rates even higher in some areas like the Jumeirah Islands and Palm…
Reportage Properties, the leading UAE real estate developer, is holding a special sales day and a suhoor evening, at the Ritz-Carlton Abu Dhabi, Grand Canal, next Saturday, March 30. The company is making special offers on local and international projects, with a special Ramadan night. The “Reportage Properties” portfolio includes 33 projects in the UAE, Egypt, Turkey, Morocco and Saudi Arabia . Reportage confirmed their interest in providing more special offers and discounts on all projects, in a way that meets the aspirations of buyers and investors, whether inside or outside the UAE, which enhances the company’s sales in all local and global projects. “Reportage Properties” sales topped AED3.7bn ($1 billion) during 2023, compared to AED2.3bn…