Umm Ziyaad

Dubai real estate sales surge 40 per cent in February

The most expensive property sold last month was a luxury villa in Hadaeq Sheikh Mohammed Bin Rashid, fetching Dh140 million

Dubai’s real estate market has kicked off 2025 with remarkable momentum, recording property sales worth Dh 51.1 billion in February—a 39.91 per cent increase compared to the same month last year.

According to a market update from fäm Properties, February saw a total of 16,099 transactions, marking a 35.5 per cent rise in volume from February 2024, making it one of the strongest months on record.

Data from DXBinteract reveals that villa sales soared to Dh18.8 billion, nearly doubling with a 99.7 per cent increase to 3,679 units compared to February 2024. Meanwhile, plot sales surged by 74.7 per cent to reach Dh9.6 billion across 608 transactions.

Apartment sales also experienced a robust performance, totaling Dh 21.4 billion, an increase of 21.3 per cent with 11,364 units sold. Commercial property transactions amounted to Dh1.2 billion, up 40.1 per cent from the previous year, with the average price per square foot climbing 3.4 per cent to Dh1,551.

Firas Al Msaddi, CEO of fäm Properties, the latest data once again highlights the robust nature of Dubai’s real estate market and the steady growth it has experienced over the past few years. He emphasised the city’s status as a safe haven for real estate investment, bolstering investor confidence from local, regional, and international markets.

Over the past five years, Dubai’s property sales in February have skyrocketed by 449 per cent in value, jumping from Dh9.3 billion in 2020 to Dh 51.1 billion in 2025. The most expensive property sold last month was a luxury villa in Hadaeq Sheikh Mohammed Bin Rashid, fetching Dh140 million, while a lavish apartment in The Rings – 1 at Jumeirah Second sold for Dh116 million.

New developments outpaced resales, with first sales accounting for 66 per cent of total transactions by volume and 62 per cent by value. Properties priced above Dh5 million made up 9 per cent of total sales, while the Dh 1-2 million bracket represented 31 per cent, and 25 per cent were below Dh 1 million.

Ray Verma, a luxury broker at Eden Realty UAE, noted that Dubai property prices have surged by 27 per cent year-on-year as of January 2025, with villas and apartments seeing increases of 31.2 per cent and substantial growth, respectively. This price escalation outpaces that of major cities like London, Paris, and Madrid.

The market’s dynamism is further underscored by recent transactions, with Dubai’s real estate sector recording an impressive $4.9 billion in deals in the last week alone, reflecting strong investor interest in high-value properties.

If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.

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Philly2dubairealtor,………..

Re-blogged via Khaleej Times

Rents in Dubai South, E311 areas surge by up to 30% in 2024

The emirate launched the Smart Rental Index earlier this year to bring transparency to the market

Rents in Dubai South and communities along Sheikh Mohammed bin Zayed Road saw the highest increase in 2024, jumping up to 30 per cent, according to the latest data released by Cavendish Maxwell.

Average rents were up in most Dubai residential areas during 2024, the data revealed.

For apartments, the biggest hikes were in Dubai South, where rents were 30 per cent up in 2024 on the previous year, followed by Al Furjan (27 per cent) and Dubai Production City (24 per cent).

There were much smaller increases at Palm Jumeirah (5 per cent), Al Habtoor City (3 per cent) and Bluewaters Island (1 per cent).

While Palm Jumeirah’s apartment rental prices saw a nominal increase, it was a different story for villas, where rates were up 52 per cent in 2024. The second highest rise for villas and townhouses was at Al Furjan (39 per cent) with Dubai Investments Park at 38 per cent.

Led by an increase in population, rents in Dubai have been on the rise over the past few years, resulting in demand outpacing supply.

Dubai also launched the Smart Rental Index earlier this year to bring transparency to the market.

According to Asteco, a limited supply of units in established developments, an uptick in premium projects within average communities, and renovations or upgrades to existing properties also fuelled pronounced changes in rents.

It added that communities with larger available inventories recorded no growth or marginal downward adjustments. Cavendish Maxwell data showed that gross rental yields remained robust across Dubai throughout 2024.

At year-end, average yields were 7.4 per cent for apartments and 5.1 per cent for villas and townhouses.

Topping the rental return charts were Dubai Investments Park (10.3 per cent), International City (9.4 per cent) and Dubai Production City and Downtown Jebel Ali (both 8.6 per cent).

Philly2dubairealtor,…………..

Re-blogged via Khaleej Times

Chinese and Russian investors dazzled by Dubai real estate market

The two nationalities will increase their share of the market to 30% of all purchases in 2025, as per Elite Merit Real Estate analytics

Investment from Russia surged by 20 per cent in 2024, as demand for luxury homes in areas such as Palm Jumeirah, Downtown Dubai, and Dubai Marina continues to rise.

Chinese and Russian nationals’ investments in Dubai’s luxury real estate market increased by 15 and 20 per cent in 2024, respectively, highlighting the BRICS (Brazil, Russia, India, China, and South Africa) Factor that is driving the growth of foreign capital inflows into the emirate.

Analytics from the UAE-based Elite Merit Real Estates revealed that Chinese and Russian investors are poised to dominate Dubai’s luxury property market, lured by the city’s favourable tax policies, world-class infrastructure, and geopolitical stability.

The BRICS Factor

Recent data shows that Chinese and Russian investors will increase their market share by over 30 per cent in 2025.

The growing economic ties between the UAE and BRICS countries have made it easier for investors from these nations to navigate the Dubai market. The UAE’s economic ties with China and Russia, coupled with favourable regulatory conditions, are encouraging more investments.

The UAE Golden Visa programme, which offers long-term residency to foreign investors, has been highly attractive to Chinese and Russian nationals, is a key driver. It offers them both investment opportunities and stability.

China has become the third-largest source of foreign investment in Dubai’s real estate market after the UK and India. Chinese nationals actively target high-end properties, and purchases increased by 15 per cent in 2024 alone.

Investment from Russia surged by 20 per cent in 2024 as demand for luxury homes in areas such as Palm Jumeirah, Downtown Dubai, and Dubai Marina continues to rise.

China has become the third-largest source of foreign investment in Dubai’s real estate market after the UK and India

A noticeable trend among the Chinese investors, traditionally known for focusing on luxury high-rises, is that they have diversified their interest to include premium villas and waterfront properties, particularly in exclusive communities like the Palm Jumeirah and Emirates Hills.

Russian investors, on the other hand, are looking to secure stable returns amidst global uncertainties. They are increasingly purchasing larger, high-yielding properties that offer rental potential.

Elite Merit Real Estate added that with demand soaring, Dubai is set to complete nearly 28,700 new villas by 2025, while long-term projections indicate the need for 37,600 to 87,700 additional housing units by 2040 to accommodate its expanding population.

Prime locations such as Palm Jumeirah and Emirates Hills have already seen price increases of 10-12 per cent in the past year. Despite these rises, Dubai remains competitively priced compared to global cities like London and New York.

Philly2dubairealtor,…………….

Re-blogged via Arabian Business

Dubai court orders real estate firm, broker to return Dhs3.2m to investor

The Civil Court in Dubai has ordered a real estate broker and a property development company to refund Dhs3,299,000 to an Arab investor and his partner, who had paid the amount for the purchase of a residential unit, but the broker and the company did not hand over the purchase contract.

According to the details of the lawsuit, the Arab investor and his partner filed an electronic lawsuit in September 2024, against the broker and the property development company demanding that they be jointly obliged to return the amount, in addition to legal interest of 5% from the date of the ruling until full payment, as well as legal expenses and lawyer’s fees.

The case documents indicated that an agreement was established between the first plaintiff (the buyer), who is the manager and partner of a commercial company, and the first appellee (the broker), who offered the buyer a residential unit owned by a well-known real estate development company and requested him to issue a cheque of Dhs3,990,000 to secure the reservation of the unit and complete the purchase process.

However, the deal was not finalised as the buyer did not receive the apartment contract, and the broker did not return the paid amount despite repeated demands.

After examining the facts of the case and the legal evidence, the court ruled that the appellees be jointly obliged to pay Dhs3,299,555, with legal interest of 5% annually from the date of maturity until full payment. The court also ordered them to pay court and attorney’s fees.

Dr Alaa Nasr, the legal representative of the buyer, stated that during the court hearings, the court reviewed the submitted documents, which included payment receipts and correspondence between the parties.

The court listened to the appellees’ arguments, who denied their responsibility to refund the full amount, claiming that the deal was not completed due to circumstances beyond their control.

If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.

Be sure to join our investor contact list to be notified about prelaunch and first launch deals to ensure you get first advantage buying.

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Philly2dubairealtor,……….

Re-blogged via Gulf Today

Dubai Land Department registers 127 new owners’ committees

RERA has received a significant number of applications for owners’ committees

DUBAI: As part of its ongoing efforts to enhance governance and sustainability in the management of jointly owned properties, the Real Estate Regulatory Agency (RERA) at Dubai Land Department (DLD) has announced the formation and registration of 127 new owners’ committees across the emirate. This initiative underscores RERA’s commitment to empowering property owners and fostering active participation in community management, aligning with Dubai’s ambitious vision to lead the global real estate sector.

RERA has received a significant number of applications for owners’ committees, with approvals granted based on the specified terms and criteria for both existing and new committees. This strong interest reflects the growing enthusiasm among property owners to take an active role in their communities, following RERA’s invitation for all owners of jointly owned properties to register.

These committees serve as a vital platform for enhancing the quality of life, fostering community well-being, and increasing resident satisfaction. Registration remains open to all eligible applicants both individuals and companies; however, each committee is limited to nine members , emphasising the importance of early application to secure participation in decision-making processes.

Owners’ committees play a pivotal role in enhancing transparency and ensuring real estate sustainability. Property management companies will hold meetings with the newly formed committees to elect a chairperson and a vice-chairperson, assign responsibilities, and initiate the execution of designated tasks. Notably, these committees are responsible for reviewing budgets, setting maintenance priorities, and overseeing shared services, contributing to efficiently managing jointly owned properties.

RERA will oversee the workflow and coordinate between management companies and owners’ committees while monitoring the latest developments to ensure operations run efficiently and effectively. RERA also reaffirms its commitment to maintaining direct communication with all property owners, whether individuals or companies, inviting them to join the owners’ committees. Applications from individuals will be reviewed and approved directly. As for property owners from companies, the application process will continue through property management companies responsible for submitting the requests to RERA for official approval.

RERA’s strong commitment to owners’ committees reflects Dubai’s dedication to achieving the highest standards of management and regulation in the real estate sector. These committees are ideal for fostering community collaboration and safeguarding real estate investments. The Authority remains committed to ensuring that these committees effectively promote sustainability and enhance the quality of life for residents across the emirate, which aligns with the visionary leadership’s directives to position Dubai as the preferred destination for living and working.

Eligible individual property owners can register for the owners’ committees through DLD’s official website or the Dubai REST app, provided they meet the required conditions. These include residing in the property, holding a valid Emirates ID, submitting a Good Conduct Certificate issued by Dubai Police, and settling all outstanding service fees.

These efforts reaffirm Dubai Land Department’s commitment to providing a comprehensive regulatory environment that ensures the highest levels of transparency and enhances owners’ participation in managing their properties. This, in turn, contributes to supporting sustainability and achieving Dubai’s vision of developing a thriving and advanced real estate sector.

If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.

Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912

Philly2dubairealtor,…………..

Re-blogged via Zawya

Dubai Real Estate Transactions For The Week Of February 24th 2025

Transactions reached a total of 13.53 Billion AED in the week of February 24th 2025 in both Offplan and secondary market sales

Monday

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Philly2dubairealtor………..

Binghatti Trillionaire Residences 1 & 2 Units For Sale In Business Bay Dubai

Studios -2 Bed apts, Unit sizes from 533 -1,346 sqft
Prices from 1.5 M AED -3.9 M AED

Trillionaire Residences by Binghatti exudes elegance and sophistication in every detail, from the tastefully designed interiors to the premium finishes throughout the property.

The project is a testament to ultramodern substance and style. It offers luxurious studio, one, and two- bedroom apartments, all designed with utmost complication. These extravagant homes feed to a range of life requirements, and their exceptional design is a perfect mix of fineness and functionality.

LOCATION: Business Bay
– This development is situated in a prime location, ensuring easy access to key amenities, entertainment options, and business districts, making it an ideal choice for both work and leisure

AMENITIES AND FACILITIES:
– 24-Hour Security
– Swimming Pool
– Fitness Facilities
– Spa and Relaxation: Sauna, steam room, and jacuzzi
– Lobby lounges, cafes, and restaurants.
– Residents can indulge in luxury services, including concierge, chauffeur, bodyguard, butler, and housekeeping.

Building Facts:
2B + G + 3P + 19 FLOORS + ROOF FLOOR

Typical unit details:
– Studio
– 1 Bathrooms
– Burj Khalifa view
– Private Pool
– Balcony

Completion :Q4/24

If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.

GCC real estate market transactions surge over $383 billion in 2024, Dubai leads growth

Dubai’s share of the GCC region’s transactions reached 54 percent at $207 billion

The GCC’s average apartment yield by the end of 2024 was at 6.8 percent, making the region a competitive choice for investors looking at safe havens

The Gulf Cooperation Council’s (GCC) real estate market witnessed notable growth in 2024, with transactions surpassing $383 billion. Overall, the region’s transactions grew by an estimated 25 percent last year, highlighting the sector’s growing appeal among residents and investors alike.

In its first-ever residential market report, Sakan revealed that Dubai’s share of the GCC region’s transactions reached 54 percent at $207 billion. Meanwhile, Saudi Arabia’s real estate market recorded $75.7 billion in transactions last year, taking a 14 percent share. Saudi Arabia, Sharjah, Kuwait and Oman witnessed significant growth rates in yearly transactions, ranging between 30 percent and 47 percent.

“The GCC real estate market stands at an exciting crossroads, with unprecedented growth opportunities shaping the future of our region. As we enter 2025, the industry continues to benefit from a combination of robust government initiatives, increased international interest, and a renewed focus on innovation,” stated Abdulla Al-Saleh, CEO of Sakan.

Factors propelling GCC real estate market’s boom

One of the major factors driving real estate growth in the GCC region is population growth. The number of people living in cities in the GCC is expected to grow by 30 percent between 2020 and 2030. The UNDP said 84.3 percent of the GCC population will be residing in urban areas by 2030.

Some cities are growing faster than others. In Riyadh, Knight Frank estimates that the city’s population will increase by 4.1 percent annually to reach 9.6 million by the end of the decade, with 5.5 million expats and 4.1 million Saudis. Urban planners anticipate that giga projects will stem the flow of rural migration to cities.

Dubai is another city witnessing a population boom. Between 2010 and 2024, Dubai’s population doubled from 1.91 million to 3.83 million. The emirate is likely to add 2.5 million more people by 2040.

A major driver of this population growth and housing demand in the GCC is the expatriate movement. There are approximately 30 million expats in the region, representing 52 percent of the population. While expats have mostly been an important market for residential property leasing, their role in the economy and the property market has been changing.

Expats are now becoming investors and business owners, prompting a shift from leasing properties to acquiring real estate. Dubai has been very responsive to this trend, announcing 457 plots available for freehold conversion in January 2025. Expats are also bringing their families to the GCC, which increases the population and subsequently the number of consumers in the economy. In countries where expats can bring their families, remittances are declining despite the growing expat population as seen in the UAE.

Dubai leads super-prime deals

New developments across the GCC real estate sector continue to compete for the most luxurious residential experience. In the GCC, Dubai leads in the number of super-prime deals, closing 388 property transactions worth more than $10 million in the 12 months leading to Q3 2024. Other markets offering super-prime developments include Qatar with its Qetaifan Island North and Saudi Arabia with its The Red Sea Project.

Another product that has become popular in the GCC region’s real estate sector is branded residences. The Middle East has 12 percent of the global supply of these developments, according to Savills. In Dubai alone, which boasts 121 branded residences either completed or in the pipeline, 12.6 percent of the aggregate transaction value of the emirate in 1H 2024 was attributed to branded residence transactions, according to Morgan’s International Realty.

Robust demand drives price growth

UAE and Qatar apartments are among the most expensive in the GCC real estate sector. However, apartment prices in Riyadh are catching up, rising by 8 percent in 2024, with the largest price appreciation seen in North Riyadh, according to Knight Frank.

In Dubai, robust demand for property has continued to boost apartment prices, which rose by 19.5 percent by late 2024, according to Global Property Guide. On the other hand, some markets are facing headwinds. Oman apartment prices fell by close to 13 percent in Q3 last year, according to the National Center for Statistics and Information, although industry players remain optimistic.

Meanwhile, Bahrain, Oman and Saudi Arabia offer some of the most affordable villas in the GCC, while the UAE, Qatar and Kuwait remain on the high side.

Among the most dynamic markets for villas include North Riyadh, where prices have grown year-on-year between 14 and 17 percent, and Dubai, where price appreciation ranged between 9 and 47 percent. Meanwhile, Bahrain’s high-end villas saw a decline in prices in early 2024 by 4.5 percent year-on-year.

Region’s average apartment yield hits 6.8 percent

The GCC’s average apartment yield by the end of 2024 was at 6.8 percent, according to Sakan’s research. This puts the GCC on a competitive level for investors who are looking at safe havens for property investments. On average, the GCC’s one-bedroom apartment yield (7.2 percent) outranked that of two bedrooms (6.8 percent) and three bedrooms (6.4 percent).

High-yield countries include Saudi Arabia at 7.8 percent, Kuwait at 7.9 percent, and Bahrain at 7.9 percent. The strong leasing market seen in Riyadh and the fast-rising rents have been beneficial for Saudi yields. Meanwhile, Kuwait and Bahrain both have high price-to-income ratios, which favor renting over owning houses.

Philly2dubairealtor…………

Re-blogged via middle east economy

The Central Downtown by Aqua Properties: New Luxury Multi Tower Apartment Complex In Arjan Dubai

Studios – 3 Bedroom Units For Sale starting from 750k AED up to 5 M AED

The Central Downtown by Aqua Properties stands as an epitome of luxurious living in the heart of Arjan, Dubai featuring luxury edition studios to 3-bedroom apartments. Comprising four distinctive towers as A, B, C, and D – this multi-building complex sprawls across a central plot of nearly 07 acres, offering unparalleled visibility and accessibility within the Arjan community.

With a strategic location at the crossroads of Sheikh Mohammed Bin Zayed Road and Umm Suqeim Street, it provides residents with easy connectivity to major highways and proximity to key areas like Dubai Motor City, Dubai Sports City, and Jumeirah Village Circle. Luxury shopping and essential services are within arm’s reach, thanks to nearby outlets such as Spinneys, Ace Hardware, and reputable healthcare facilities like Park View Mediclinic.

The thoughtful design ensures privacy for residents while offering convenient access to shopping and entertainment. The presence of the shopping mall is complemented by distinct access points for the mall and residential areas. This strategic layout allows residents to enjoy the amenities without compromising their privacy.

Spread across a generous 300,000 sq. ft. of land, the development boasts an extensive 200,000 sq. ft. of seamlessly integrated amenities. From state-of-the-art fitness centers to rooftop gardens with breathtaking city views, life in this community is truly elevated. Residents have access to recreation and entertainment spaces, including a basketball court, BBQ area, mini-golf, outdoor cinema, and more.

Wellness and fitness are prioritized with amenities like a health club, Jacuzzi, yoga room, open-air gymnasiums, and jogging tracks. Nature enthusiasts will find solace in the Organic Farm, Rainforest Retreat, Zen Garden, Dog Park, and Golf Simulator.

Key Highlights:

•The four towers boast architectural expertise, offering contemporary studios, 1, 2 & 3-bedroom apartments that redefine modern living.

•Nestled in Arjan, Dubailand, residents enjoy optimal connectivity to Dubai Hills, Arabian Ranches, JVC, and swift access to Sheikh Zayed Road.

•Life here is elevated, with residences perched above a sprawling 150,000 sq. ft. shopping mall, providing retail therapy at residents’ fingertips.

•Rooftop gardens provide stunning city views, allowing residents to escape the hustle and bustle while enjoying the beauty of Dubai.

•Transparent and flexible payment plan, making the journey to sophisticated urban living accessible to a diverse range of residents.

•Enjoy leisure with a plethora of recreational facilities including a BBQ area, mini-golf, outdoor cinema, swimming pool, and a rock-climbing wall.

•With over 200,000 sq. ft. of amenities, residents experience holistic living, ranging from recreational to wellness facilities.

20%
Down Payment

On Booking Date
30%
Payment Plan 50/50 (3 years post payment plan)

Handover is

Q2 2027

For more inquires about this project or to book your unit with us then don’t hesitate to contact us.

If you are searching for residential properties to buy either offplan or ready Properties we will give you options to suit your budget.

Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912

Philly2dubairealtor

Dubai real estate’s next phase sees end-users outpace investors, bringing stability in mid-to-high-end market:

Experts

Mid-to-high-income professionals in the 30–45 age group are making up a larger share of buyers in the end-user demand

Dubai’s real estate sector has maintained strong momentum into 2025, driven by high investor confidence, off-plan sales, and continued regulatory enhancements.

The profile of property buyers in Dubai is seeing a major shift, with a greater proportion of end-users entering the market, particularly in the mid-to-high-end residential segment, sector experts said.

Besides, domestic buyers are also increasing their market share, as more UAE-based residents transition from renting to homeownership, driven by rising rental costs and favourable mortgage conditions.

While international investors still remain dominant in Dubai’s residential real estate market, their focus is increasingly shifting toward off-plan developments in prime locations, where structured payment plans, and capital appreciation potential remain attractive, industry players said.

“End-users are now playing a more prominent role, particularly in the mid-to-prime residential segment, where mortgage accessibility and lifestyle-driven purchases are shaping demand,” Farooq Syed, CEO of Springfield Properties, a leading Dubai-based real estate services company, told Arabian Business.

“Dubai’s buyer profile is evolving, with a greater mix of international and resident investors engaging in long-term acquisitions,” he said.

Senior executives at some of the city-based proptechs and real estate brokerages said the age demographics of property buyers in Dubai are seeing major changes of late, with a younger pool of buyers entering the market in a significant way.

They are leveraging mortgage financing to secure long-term assets, they said.

This shift is also seen as a reflection of a more structured and long-term investment approach, reinforcing the market’s stability, rather than speculative buying patterns.

Dubai real estate surges

Industry insiders said early indicators from February suggest that transaction activity remains on an upward trajectory, particularly in off-plan sales, with key districts such as Jumeirah Village Circle (JVC) and Business Bay seen maintaining strong absorption rates.

The market outlook for H1 2025 also remains positive, bolstered by new freehold expansions, infrastructure investment, and a robust development pipeline, they said.

“The current uptick in demand, especially the surging end-user demand, reflect a shift toward long-term real estate commitments over short-term speculation,” a senior executive with a city-based proptech said.

“Mid-to-high-income professionals in the 30–45 age group are making up a larger share of buyers in the end-user demand,” said the senior executive, who sought anonymity as he was not authorised to speak to the media.

The Springfield chief executive said the Dubai residential real estate market, of late, is becoming more balanced between end-users and investors, with residents now playing a larger role in shaping demand, particularly in mortgage-backed purchases.

“Developers are fast adapting to the emerging trend by launching projects that cater to both segments, ensuring sustainable absorption rates,” he said.

Syed also said Dubai’s real estate sector has maintained strong momentum into 2025, driven by high investor confidence, off-plan sales, and continued regulatory enhancements.

“Investor demand for Dubai’s real estate remains strong, with off-plan transactions continuing to dominate the market,” he said, citing the transaction data from their own agency, as well as the general market statistics.

The Dubai property market is estimated to have seen transaction values reaching AED 35.2 billion in January, marking close to a 23 per cent year-on-year increase compared to the same year-ago period.

Significantly, the off-plan segment is estimated to have accounted for 57 per cent of all transactions in the beginning month of 2025, with 7,381 deals valued at AED 15.1 billion. The secondary market recorded 5,662 transactions, totalling AED 20.1 billion.

Industry players said developers are introducing new projects in high-demand areas to sustain supply.

Dubai property transactions hit AED 35.2 billion in January, up nearly 23% year-on-year

Rising demand for Dubai homes

Sector experts said despite the rise in demand for domestic buyers, international buyers still remain the dominant in Dubai’s property market, pushing up demand in the mid and high-end segments.

They said Indians, British, Chinese and GCC buyers are among the major international buyers.

The Springfield Properties’ chief executive, however, said of late the market is seeing a significant increase in demand from UAE-based residents as well.

“More and more UAE residents are transitioning from renting to homeownership, influenced by rising rental prices and competitive mortgage rates,” he said.

Syed said Dubai’s buyer profile is evolving, with a greater mix of international and resident investors engaging in long-term acquisitions.

“The high rate of absorption of off-plan projects highlights sustained demand from both end-users and investors, while limited secondary market availability is driving price appreciation,” he said.

Industry insiders said the ongoing demand for prime residential assets is driving developers to fast-track project launches, ensuring a steady pipeline to meet investor expectations.

With transaction volumes maintaining an upward trajectory, Dubai remains a top global real estate investment destination, offering stability, liquidity, and high-value opportunities across multiple asset classes, they said.

Philly 2 Dubai Realtor,

Re- Blogged Via Arabian Business