With a 40 percent to 60 percent increase in the number of foreign and local property buyers, the off-plan market is booming

According to the study, Dubai also provides competitive advantages such as lower taxes, higher yields, and more affordable prices.

The CBRE Dubai Residential Market Snapshot noted that average apartment and villa rents increased by 27.9% and 26.3%, respectively

Simon Baker, Managing Director, haus & haus, sat down to discuss his outlook on the Dubai property market

There are 350 real estate projects being developed in the emirate

The government’s recent measures on real estate investment will increase market credibility, transparency and boost investor confidence in the growing sector

Prices for villas grew at a rate of 1.7 percent in June, down from 2.3 percent last year

Top deals were an apartment that sold for Dh373m in Marsa Dubai and a villa for Dh264m in Palm Jumeirah.

Overall, property prices in the emirate have jumped 11.8% this year.

In just 7 months, the value of real estate sales transactions has surpassed 2020.

63.7 % of sales transactions were in the secondary/ready market and 36.3% in off-plan.

Property prices reached $251.6 per sqft in June, the highest recorded in two years, mainly for completed villas in traditionally sought-after communities.