dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (2024)

Table of Contents
Is Dubai becoming the ultimate destination for ultra-rich home buyers? This Indian city sees third highest jump in prime residential property prices in the world: Report Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years How NRIs helping elevate India's realty play UK court allows sale of Nirav Modi's luxury London flat Dubai’s ‘sustainable city’ was supposed to start a trend. It hasn’t yet Mumbai records 3rd highest growth prime residential prices in December quarter Elvish Yadav doesn't own any luxury car, or flat in Dubai. Cars shown on videos are rented: Parents reveal shocking details Dubai’s Golden Visas are helping the city defy global office slump Justo Realfintech aims to grow portfolio nearly 3x in 2 years 71 % of India's wealthiest are keen to invest in luxury real estate: Report Majority of Ultra HNIs buying luxury property for capital appreciation Dubai sales of $25 million homes double as global elite move in Dubai’s red-hot property market is bracing for a slowdown Property prices hiked by 5.9% in Q3 in India, second-highest growth in Asia Global realtors woo buyers from India Dubai pools assets in new fund to invest abroad Real estate renaissance: Dubai developers eye India's booming property market From coastal trading town to high-tech hub: Dubai’s transformation through entrepreneurial stories Super rich Indians looking for second homes help Dubai cement status as world’s busiest luxury property market Dubai's economy maintains momentum, GDP rises 2.8% in Q1 to cross $30 billion The Ultimate Guide to Investment Properties in Dubai: Tips, Trends and Opportunities Want Dubai citizenship? Buying a property in UAE can be your solution Danube Properties' Dubai residential project sees huge demand from Indian buyers Homesfy forays into the international market with a new office in Dubai Rs 1 lakh per square foot: Dubai plot of sand sets new record Dubai’s luxury home market is booming as wealthy buyers flock to city Dubai real estate sales surge 60% as investors, Russians snap up property FAQs

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dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (1)

Is Dubai becoming the ultimate destination for ultra-rich home buyers?

Knight Frank reports 190 luxury homes sold in Dubai, each over $10 million, with top areas Palm Jumeirah, Emirates Hills, and District One. Sales trends highlight personal use demand. Dubai, a tourism and trade hub, attracted 17.15 million visitors last year. Second-quarter sales of $25 million homes rose 25%.

dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (2)

This Indian city sees third highest jump in prime residential property prices in the world: Report

In Q1 2024, Mumbai led Indian cities with an 11.5% year-on-year increase in prime residential prices, ranking third globally in Knight Frank's Prime Global Cities Index. Delhi followed with a 10.5% rise, securing fifth place. Knight Frank attributed the surges to India's robust economic growth, with GDP exceeding 8% annually. 'Prime Global Cities Index' is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide.

dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (3)

Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years

After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore. Earlier this year, the board of Sobha Ltd approved raising Rs 2,000 crore through a rights issue to increase the equity of the company and fund the growth.

dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (4)

How NRIs helping elevate India's realty play

According to developers and brokerage firms, the US, Singapore, the UAE, Australia and Saudi Arabia have emerged as big markets for them and they have dedicated teams to help buyers in selecting the projects. According to market sources, the country's biggest developer DLF in its last project Privana South in Gurugram, had achieved 25% share (about Rs 1,800 crore) in NRI sales. Overall, during fiscal year 2023-2024, sales from NRI investors surpassed Rs 3,400 crore for DLF, which is almost 20% of total sales.

dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (5)

UK court allows sale of Nirav Modi's luxury London flat

The case involves Trident Trust Company (Singapore) Pte Limited as the claimant, seeking to sell its apartment asset in the Marylebone area of central London, and the ED arguing that the trust's assets represent the proceeds of a massive fraud on the Punjab National Bank (PNB) for which Nirav is facing extradition proceedings.

dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (6)

Dubai’s ‘sustainable city’ was supposed to start a trend. It hasn’t yet

Seven years and 1.3 billion dirhams ($354 million) in construction costs later, only some parts of that claim have been realised.

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    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (7)

    Mumbai records 3rd highest growth prime residential prices in December quarter

    Mumbai's 10% price growth in the past 12 months driven primarily by affluent homebuyers looking for a lifestyle upgrade in the backdrop of a strong economic environment which continues to gain momentum.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (8)

    Elvish Yadav doesn't own any luxury car, or flat in Dubai. Cars shown on videos are rented: Parents reveal shocking details

    Elvish Yadav, winner of Bigg Boss OTT 2, faces judicial custody after his alleged involvement in a rave party incident, as per Noida Police. Contradicting earlier denials, Yadav admitted to organizing snake venom for events. His parents refuted rumors of his ownership of luxury cars and property, clarifying he rents vehicles for YouTube videos.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (9)

    Dubai’s Golden Visas are helping the city defy global office slump

    Dubai's economy is thriving as it attracts expatriates, expands business licenses, and experiences high demand for commercial real estate. From crypto investors to rich Indians looking for second homes, as well as young job seekers, the city's reforms and flexible residency rules have made it a desirable destination for individuals and businesses, leading to population growth and increased investment.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (10)

    Justo Realfintech aims to grow portfolio nearly 3x in 2 years

    Justo Realfintech plans to expand its sales portfolio to 8.5 million sq ft over the next two years, focusing on new markets like Hyderabad, Bengaluru, Andhra Pradesh, Karnataka, and Tamil Nadu. The expansion will also include key eastern Indian cities and international forays, starting with the Dubai property market. The company's current portfolio spans over 3 million sq ft and has sold over 8,500 apartments with 4.5 million sq ft of residential space across 80 projects.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (11)

    71 % of India's wealthiest are keen to invest in luxury real estate: Report

    71% Wealthy Indians express a desire to invest in luxury real estate in the next 12-24 months, finds India Sotheby’s International Realty’s annual survey.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (12)

    Majority of Ultra HNIs buying luxury property for capital appreciation

    According to the survey, there is a robust economic optimism among High-Net-Worth Individuals (HNIs) and Ultra High-Net-Worth Individuals (UHNIs), with a staggering 79% expressing confidence in the Indian economy's positive trajectory for 2023-24, compared to 59% last year.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (13)

    Dubai sales of $25 million homes double as global elite move in

    Demand for Dubai property is booming as the government’s handling of the pandemic and its liberal visa policies attract more foreigners. The luxury end of the market is also benefiting from an influx of investors such as Russians seeking to shield their assets, crypto millionaires, and rich Indians setting up second homes.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (14)

    Dubai’s red-hot property market is bracing for a slowdown

    So far, the boom has been underpinned by an influx of wealthy investors such as Russians seeking to shield their assets, crypto millionaires and rich Indians seeking second homes. The government’s handling of the pandemic and its liberal visa policies also attracted more foreign buyers.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (15)

    Property prices hiked by 5.9% in Q3 in India, second-highest growth in Asia

    With this robust growth in the last year, India climbed 18 spots to 14th rank in the index. Average annual price growth stood at 3.5%, according to Knight Frank Global House Price Index – Q3 2023. Several factors contributed to the rise in property prices including a pent-up demand, a desire to upgrade, and a willingness to spend more for better and modern amenities.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (16)

    Global realtors woo buyers from India

    “Business expansion, stable capital appreciation, currency diversification, efficient taxation and attractive rental yield, coupled with the aspirational quality of life and residency via investment in real estate prompt wealthy Indians to diversify their property holdings abroad,” said Akash Puri, director - international, India Sotheby's International Realty.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (17)

    Dubai pools assets in new fund to invest abroad

    The fund will have responsibility for investing government funds, surpluses and general reserves, the Office said in a statement, adding that it would focus on investments in stocks and bonds and explore prospects both domestic and foreign. "Dubai is on a much stronger fiscal footing," said Tarek Fadlallah, chief executive of Nomura Asset Management in the Middle East.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (18)

    Real estate renaissance: Dubai developers eye India's booming property market

    Dubai's real estate developers are actively expanding their presence and investments in India's flourishing property market.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (19)

    S&P Global Ratings forecasts a moderation in Dubai's record property prices, projecting a potential easing by the end of next year. The rating agency suggests a slight reversal, estimating a decline of 5% to 10% over the next 12 to 18 months.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (20)

    From coastal trading town to high-tech hub: Dubai’s transformation through entrepreneurial stories

    Long-time business families, recent entrepreneurs and investors in Dubai share insights into the city's transformation, highlighting business opportunities and challenges.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (21)

    Super rich Indians looking for second homes help Dubai cement status as world’s busiest luxury property market

    The number of sales for homes valued at $10 million or more reached a record 277 in the first nine months of the year, totaling $4.91 bn. Dubai's property sector is thriving due to the government's handling of the pandemic and liberal visa policies, attracting foreign buyers. The city's Palm Jumeirah was the most popular area for wealthy buyers, accounting for over half of luxury sales.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (22)

    Dubai's economy maintains momentum, GDP rises 2.8% in Q1 to cross $30 billion

    Dubai's Q1 gross domestic product (GDP) rose by 2.8% YoY to AED 111.3bn ($30.3bn), propelled by a 48% growth in the transportation and storage sector, according to figures released on Tuesday. The financial and insurance sector and trade followed as the next largest contributors at 15% and 10% respectively. The growth comes as the city hopes to double the size of its economy over the next decade under its D33 plan to become a major global financial hub.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (23)

    The Ultimate Guide to Investment Properties in Dubai: Tips, Trends and Opportunities

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (24)

    Want Dubai citizenship? Buying a property in UAE can be your solution

    Various property-linked visas are available for expats in the UAE. The Golden Visa requires property ownership with a minimum equity value of Dh2 million, while the Property Investor Residence Visa demands an investment of either Dh750,000 or Dh1 million in registered property. The Retirement Visa, for those over 55 years of age, requires an investment in property worth AED 2 million, accumulated savings of AED 1 million, or a monthly income of AED 20,000.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (25)

    Danube Properties' Dubai residential project sees huge demand from Indian buyers

    Danube Properties plans to invest Rs 2000 crore to develop Elitz 2 at the Jumeirah Village Circle (JVC), Dubai. Indians remains one of the top buyers of properties in Dubai.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (26)

    Homesfy forays into the international market with a new office in Dubai

    Listed realty brokerage firm Homesfy has announced that it would foray into international market, with Dubai as its first office.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (27)

    Rs 1 lakh per square foot: Dubai plot of sand sets new record

    The 24,500-square-foot empty parcel is on the sought-after Jumeirah Bay Island, a seahorse-shaped piece of land accessible by bridge from the Dubai mainland. That works out to more than 5,000 dirhams per square foot, which the brokerage on the deal, Knight Frank, identified as a new high. The buyer, who doesn’t live in the United Arab Emirates, is planning to build a family vacation home on the property. His identity wasn’t disclosed.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (28)

    Dubai’s luxury home market is booming as wealthy buyers flock to city

    Demand for Dubai property is booming as the government’s handling of the pandemic and its liberal visa policies attract more foreign buyers. The luxury end of the emirate’s real-estate market is benefitting from an influx of wealthy investors such as Russians seeking to shield their assets, bankers fleeing strict Covid restrictions in Asia and rich Indians seeking second homes.

    dubai property sales: Latest News & Videos, Photos about dubai property sales | The Economic Times - Page 1 (29)

    Dubai real estate sales surge 60% as investors, Russians snap up property

    Dubai real estate sales surge 60% as investors, Russians snap up property

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dubai property sales: Latest News & Videos, Photos about dubai property sales  | The Economic Times - Page 1 (2024)

FAQs

What is the current situation of property market in Dubai? ›

What is the current situation of property market in Dubai? The Dubai property market is experiencing strong growth in Q2 2024. Sales volume, price per square foot, and total sales value have all increased significantly compared to last year. For more details, visit the DXB Interact Q2 2024 Report.

Is now a good time to sell property in Dubai? ›

The Dubai property market has been growing at a steady rate for the past five years. This is a great sign indicating market stability and a great chance for sellers to capitalize on their property investments.

How much will a house cost in Dubai in 2024? ›

The most affordable freehold Dubai villa prices for 2024 maintain a price point of around $871,000 on average. Similar to apartments, location is hugely important. Prime Locations: If you want a luxurious villa on Palm Jumeirah or in an exclusive community, this might cost up to around $20 million and above.

How much does an average house cost in Dubai? ›

As of February 2023, the average cost of a house in Dubai is approximately AED 3.3 million, which translates to about INR 254 million based on the current exchange rate of 1 AED = 7.74 INR. This figure is sourced from property consultants Knight Frank.

Is Dubai a good country to buy property? ›

What is the benefit of owning property in Dubai? Dubai's real estate market offers high rental yields compared to major cities like London, New York, or Hong Kong. The average return on investment (ROI) in Dubai varies between 6% and 10%, depending on factors like location, property type, and timing of investment.

Why Dubai property is booming? ›

Economic and Demographic Drivers. Dubai's robust economic growth and diversification strategy drive its booming real estate market. Unlike many regions that rely heavily on a single industry, Dubai has successfully diversified its economy across various sectors, including tourism, finance, logistics, and technology.

Is it a good option to buy property in Dubai? ›

Is It a Good Idea to Invest in Dubai Real Estate? Yes, this can be a favorable opportunity for those seeking potentially lucrative returns and a luxurious lifestyle. The city's booming economy, investor-friendly environment, and the availability of freehold areas contribute to its appeal.

Is property in Dubai worth it? ›

Yes, buying property in Dubai is generally considered a good investment due to the city's growing economy, attractive investment policies, and options for property ownership in freehold areas.

Is it good to buy property in Dubai in 2024? ›

Robust economic landscape

In 2024, Dubai will continue to thrive, offering diverse investment opportunities in the technology, tourism, and finance sectors. One of the primary drivers of Dubai's economic success is its commitment to creating a business-friendly environment.

What is the average rent in Dubai 2024? ›

Average rental prices in Dubai for different flat sizes

Here is an average overview of rents in 2024: Studio flat: AED 50,000 - 60,000 per year. 1-bedroom flat: AED 70,000 - 90,000 per year. 2-room flat: AED 90,000 - 120,000 per year.

Can you own a house in Dubai forever? ›

Buying property in Dubai

In Dubai, foreign ownership is permitted in areas designated as freehold. Foreigners (who don't live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years.

What is the average salary in Dubai? ›

According to Salary Expert, the average salary in Dubai is 191,807 (AED) per year, which is 92.21 (AED) per hour. In Dubai, the average salary can vary based on education, experience, location, and job title. The average salary range is approximately 4,810 AED to 99,000 AED per month.

Are groceries expensive in Dubai? ›

Overall, fresh produce and meat tend to be relatively affordable in Dubai relative to other major cities around the world. However, imported products, as expected, tend to be more expensive.

What is a good salary in Dubai for one person? ›

Let's begin. If you don't want to read the whole blog, here is the bottom line; a salary of AED 10,000 - 15,000 (USD 2,700 - 4,000) a month is considered pretty decent with the potential to save a good amount, while a salary of AED 15,000 - 20,000 (USD 4,000 - 5,400) per month and more is considered very attractive.

How much does it cost to live in Dubai in American dollars? ›

The average cost of living in Dubai as an Individual is about USD $1,975 a month on living expenses. For a family of 4, the monthly expense is approximately USD $4,546 a month. The prices are expensive but affordable as the average annual salary in Dubai is USD $53,148.

Is it a good time to invest in Dubai property market? ›

Currently, there's no indication that property prices in Dubai will decrease. The market remains strong compared to global cities like New York, London, and Hong Kong, and is expected to keep growing into 2025.

Is it a good time to buy property in Dubai in 2024? ›

Wrapping Up. Dubai's economy is robust, and its population is expanding. As a result, demand for real estate is growing, driving up the cost of rental properties such as opulent mansions and apartments. Consequently, 2024 is a great year to buy real estate in Dubai.

Is Dubai real estate market stable? ›

Investor confidence in Dubai's real estate market remains high, driven by the city's strategic location, business-friendly environment, and secure legal framework. The market has attracted significant foreign investment, with cash transactions increasing by 19% and mortgage transactions by 8% in Q1 2024.

What is the future of Dubai real estate? ›

UAE's Growth: The overall residential real estate market in the UAE is set to grow by 8% CAGR from 2022 to 2027. Dubai's Resilience: Despite a pandemic hiccup, Dubai's implemented economic reforms and pandemic management practices are opening doors to global investors with attractive five and ten-year residency visas.

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