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Remarkable Growth in Dubai’s Real Estate Market in Q3 2024
Land Sterling, a premier Dubai real estate consultancy, has released its Q3 2024 Dubai Property Watch report, capturing unprecedented growth in the emirate’s real estate market. The report highlights substantial increases in both transaction volumes and property values, reflecting the city’s sustained appeal as a prime destination for real estate investments.
In Q3 2024, Dubai delivered approximately 7,000 new residential units, with apartments making up 84% of completions. The highest number of handovers occurred in Jumeirah Village Circle (JVC), followed closely by Mohammed Bin Rashid (MBR) City and Dubai Harbor. The report also noted a trend toward larger units, with an uptick in completions of two- and three-bedroom apartments.
Our Q3 report underscores Dubai’s position as a resilient and attractive real estate market, showing remarkable growth in both transaction volumes and values. This reflects the strength of investor confidence and the sustained interest in Dubai as a global investment hub. Said El Haouasli, CEO of Land Sterling
In total, Dubai recorded over 47,300 transactions valued at approximately AED 116.8 billion—an impressive 42% increase in volume and a 33% rise in value compared to the previous year. Off-plan sales dominated, accounting for 71% of transaction volumes, a testament to the continuous influx of new projects and flexible payment plans attracting investors.
Said El Haouasli, CEO of Land Sterling, commented, “Our Q3 report underscores Dubai’s position as a resilient and attractive real estate market, showing remarkable growth in both transaction volumes and values. This reflects the strength of investor confidence and the sustained interest in Dubai as a global investment hub.”
The Q3 2024 report highlights the top five areas in terms of transaction volume and value. Jumeirah Village Circle (JVC) led in transaction volume, followed by Dubai Hills Estate, Business Bay, Dubai South, and Sobha Hartland 2.
In terms of transaction value, Dubai Hills Estate topped the list, with Dubai South, Palm Jumeirah, Business Bay, and The Valley following closely. These areas continue to attract strong interest from both local and international investors, reflecting Dubai’s position as a premier real estate destination.
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Stay informed with the most recent property news in the UAE through Gulf Property. Covering all seven emirates, our platform delivers updates on the real estate market, including new developments, regulatory changes, investment opportunities, and market trends. Whether you're looking to invest in residential, commercial, or industrial properties, Gulf Property provides in-depth reports, expert analysis, and forecasts to help guide your decisions. Keep up with the rapidly evolving UAE real estate landscape with Gulf Property’s reliable and timely news.
#property news in dubai#property uae#real estate investing#real estate news dubai#real estate news in dubai
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Greatness is a gift from all mighty Allah
#dubai real estate#uk news#canada news#australia travel#us politics#classic car#cars#fazza#fazza3#hamad international airport#germany iptv#germany news#europe#turkiye#turkey tail#turkey day#turkey bacon
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Dubai beckons! Verdana by Reportage Properties offers a haven for urban living, with a range of studios, apartments, and townhouses
#DubaiLiving#ApartmentLiving#TownhouseDubai#ReportageProperties#Verdana#homestation#home station real estate#home station#uae#dubai#luxury property#new launch
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Jade Tower by Tiger at Majan Dubai
Jade Tower by Tiger Properties, a new residential development in Dubai, offers 707 units between studios and apartments. your luxury choice from a variety of spaces and layouts, featuring a serene view of lush green landscapes.
Delve into a lavish lifestyle in Dubai by Tiger Group at Jade Tower at Majan Dubai, offering studios and apartments with affordable prices starting at 533,000 AED and providing many options in unit sizes, starting from 340 square feet to 1020 square feet and above.
The payment plan at Jade Tower is the top feature, as there are two options to choose from, even 80\20 or 70\30. The installment plan extends over 2 years. Lastly, the handover will be in Q1 2027.
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#property to buy in dubai#invest in real estate#luxury apartments for sale in dubai#proper for sale#real estate#luxury property#binghatti#apartments for sale#properties in dubai#property#New Apartments for Sale
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Your Trusted Partner: Best Real Estate Company in Dubai
Explore top properties with the best real estate company in Dubai. We provide expert advice, exclusive listings, and seamless transactions for all your real estate needs.
#best real estate company in dubai#new real estate projects in dubai#real estate properties in dubai#best real estate in dubai#dubai real estate investment
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Top Benefits of Investing in Properties Near Dubai World Central Airport
Dubai has become one of the world’s most sought-after destinations for real estate investment, and for a good reason. With a thriving economy, state-of-the-art infrastructure, and visionary leadership, Dubai continues to attract investors from around the globe.
One area that stands out for its potential is the vicinity of Dubai World Central Airport (DWC), also known as Al Maktoum International Airport.
Why Dubai World Central Airport is a Game-Changer
Strategic Location of DWC
DWC is located at the heart of Dubai South, offering seamless connectivity to global destinations. Positioned close to major highways and transport links, it’s only a short drive from key districts like Downtown Dubai, Marina, and Jebel Ali. The strategic location makes it an attractive hub for residents and businesses alike.
Emerging Economic Hub
DWC is more than just an airport; it’s a cornerstone of Dubai’s ambitious growth plans. Serving as a hub for logistics, aviation, and trade, it is also closely linked to Expo City Dubai, which continues to attract global businesses and tourists even post-Expo 2020.
Benefits of Investing in Properties Near DWC
Capital Appreciation
As DWC continues to grow, so does the demand for real estate in its surrounding areas. Property values in these neighborhoods have shown steady growth, making it a lucrative option for long-term investors.
High Rental Yields
Thanks to its proximity to the airport and other major developments, properties near DWC are highly sought after by tenants. Both short-term and long-term rental opportunities offer excellent returns on investment.
Proximity to Major Developments
With Expo City Dubai, logistics hubs, and industrial zones nearby, properties around DWC are well-positioned to benefit from upcoming developments. Future projects promise to further enhance the area's appeal.
Access to Best Luxury Properties
If you’re looking for the best luxury properties, the neighborhoods around DWC won’t disappoint. Off-plan apartments in Dubai near this area come with cutting-edge designs, high-end finishes, and top-notch amenities that cater to discerning buyers.
Exploring Off-Plan Properties in Dubai Near DWC
Affordability and Flexible Payment Plans
One of the biggest advantages of off-plan properties is affordability. Developers often provide flexible payment plans, making it easier for first-time buyers to enter the market without straining their finances.
Modern Designs and Amenities
Off-plan properties in Dubai are known for their contemporary designs and world-class amenities. From infinity pools to smart home systems, these apartments cater to the lifestyle needs of modern investors.
Enhanced ROI Potential
Investing in off-plan properties near DWC offers higher ROI potential due to the lower initial costs and increasing property demand in the area.
Key Considerations for Investors
Market Trends in Dubai Real Estate
The real estate market near DWC is vibrant, with strong demand for both residential and commercial properties. Understanding these trends can help investors make informed decisions.
Regulatory Framework and Investor Safety
Dubai has established robust legal protections to ensure investor confidence. From escrow accounts to transparent processes, investing in Dubai’s real estate market is both safe and secure.
Partnering with Reputable Developers
Collaborating with trusted developers ensures that your investment meets high-quality standards and is delivered on time.
Future Outlook for DWC and Surrounding Areas
DWC as a Catalyst for Regional Growth
With ambitious plans to expand DWC, the area is set to become a key driver of Dubai’s economic growth. This development will positively impact property values and demand in the region.
Impact of Technology and Smart Cities
As Dubai continues to implement smart city initiatives, properties near DWC will benefit from technological advancements, making them even more attractive to modern investors.
Conclusion
Investing in properties near Dubai World Central Airport is a smart move for those looking to capitalize on Dubai’s booming real estate market. From high rental yields to the promise of capital appreciation, this area offers unparalleled opportunities for growth.
Whether you're considering an off-plan apartment in Dubai or a luxury property, the DWC region is the perfect place to start your journey.
FAQs
What makes Dubai World Central Airport a prime investment location?
Its strategic location, connectivity, and role as an economic hub make DWC a top choice for investors.
How do off-plan properties near DWC compare to ready properties?
Off-plan properties are more affordable and offer flexible payment plans, while ready properties provide immediate rental income.
Are luxury properties near DWC a good investment option?
Yes, luxury properties in this area attract premium tenants and offer high returns.
What are the long-term growth prospects of investing near DWC?
With ongoing developments and a strategic location, the area promises strong capital appreciation.
Can international buyers invest in properties near DWC?
Absolutely. Dubai’s real estate market is open to international investors, with clear legal protections in place.
#real estate#dwc airport#real estate Dubai#investment in Dubai#off-plan apartments in Dubai#off-plan properties in Dubai#Off-plan projects#New development in Dubai#Luxury properties in Dubai#best Luxury properties
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#dubai#dubai properties#invest in dubai#dubai real estates#dubailife#dubai news#invest in dubai real estate
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Gaj Properties Event: Celebrating Success with Real Estate Agents
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Join us as Gaj Properties celebrates success and innovation with our dedicated real estate agents! Our memorable event honors the achievements of our partners and showcases the latest developments in the real estate industry. Gaj Properties insightful discussions to networking opportunities, this gathering is a testament to our commitment to excellence. Experience a day filled with inspiration, collaboration, and recognition, as we pave the way for future success together. Stay connected with Gaj Properties and be part of our journey in transforming real estate dreams into reality!
#Real; estate insights#Real estate gallery#Portfolio of real estate#Real estate events in dubai#New project launch in Dubai
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‘Dubai Real Estate Offers Exceptional Value Compared to Top-Tier Cities’
A dynamic entrepreneur who has seamlessly transitioned from technology to Dubai real estate, Rohit Bachani is a prominent figure in Dubai’s luxury property market today. With over 25 years of experience, Rohit has co-founded and leads several successful companies, including Soft Magic Systems Computers LLC, Merlin Digital General Trading LLC, SAI Craft Calligraphers LLC, and Merlin Real Estate LLC.
As the Co-Founder & Director of Merlin Real Estate, Rohit has played a pivotal role in shaping the company’s mission to redefine luxurious living in Dubai, focusing on state-of-the-art infrastructure and stunning residential developments. A recent highlight of his career was facilitating a sale of $53 million for an exclusive penthouse at Nakheel's Como Residences, underscoring his prominence in the luxury real estate sector.
In an interview with REM TIMES, Bachani talks about his journey so far and his constant efforts to drive innovation and growth in Dubai real estate industry.
Q. How has your experience with Merlin Digital and Soft Magic Systems shaped your approach to the real estate sector? It's been an incredible journey. When Soft Magic Systems and Merlin Digital started in 1997 as a small computer shop in Bur Dubai, we were focused on assembling PCs. Looking back, that period really laid the foundation for everything that followed. Customizing computers allowed me to immerse myself in technology in a hands-on way, and it taught me an invaluable lesson about the importance of user experience long before it became a common industry term.
We used to teach people how to surf the internet, manage manufacturing and fix their fax machines. Over the years, technology has evolved drastically, but one thing has remained constant: customer experience is everything. 25 years in, this focus on understanding and meeting customer expectations has shaped everything we've done, from electronics to sustainable greenhouse farming and, of course, real estate.
Real estate, in many ways, feels like a natural extension of this focus on the customer. The fundamental concepts of understanding user needs, designing for experience, and building trust have carried over seamlessly. The technology sector taught me how to adapt quickly to shifts in market demands, and that agility has been key in navigating the real estate market, where timing and customer insight are everything.
Today, I apply these same principles—along with a more sophisticated understanding of consumer behaviour, data, and digital tools—to make smarter decisions in real estate. As technology continues to influence home design, smart cities, and digital platforms in real estate, my background in tech allows me to stay ahead of trends and create innovative solutions for our clients.
Q. What have been some of the key challenges you've faced while transitioning from technology-based businesses to the highly competitive real estate market in Dubai? I’d actually put it the other way around. Trading consumer electronics is far more cutthroat and challenging, which is why real estate feels somewhat easier to navigate. In the tech sector, price wars, rapid innovation cycles, and the constant pressure to stay ahead of global competition make it an intense space. Real estate, while still competitive, has a more straightforward rhythm, with greater opportunities to build long-term relationships and make more thoughtful, deliberate decisions.
While many view the real estate market as tough, I don’t find it as challenging as brand-building in tech. Real estate, however, is incredibly rewarding. It allows you to forge lasting connections, gain a deeper understanding of consumer preferences, and engage with the nuances of personal space and diversity. Plus, it gives you a unique chance to contribute to the broader vision of a rapidly growing city like Dubai, which has ambitious plans for the future.
Q. How do you see the luxury property market evolving over the next few years? Dubai's luxury market is evolving at a rapid pace, driven by world-class design, sustainable building practices, and cutting-edge technology. With top architects and developers flocking to the city, homes are becoming more than just places to live - they are experiences. The level of luxury we're seeing today has surpassed even royalty traditions of the past. As Dubai continues to attract the global elite, we expect the luxury market to grow even more sophisticated, offering unparalleled living spaces that blend style, sustainability, and innovation.
Q. What are the top three factors that you believe define a luxurious real estate experience in Dubai, and how does Merlin Real Estate incorporate these into its developments?
The top three factors in luxury all boil down to the age-old adage – location, location, location. Once the location is fixed, it is about understanding the lifestyle of your customer and giving them options that match up. For example, the lovely Palm Jumeirah or Dubai Hills Mansions, overlooking scenic views, international golf courses etc., is a perfect option for those who love greenery. Our jobs become much easier once the clients tell us their location preferences.
Another interesting trend I am seeing is a growing demand for sustainable construction. This is a new change we look forward to honing in, especially given that we have another arm in our business that supports sustainable greenhouse farming.
Q. From an investor’s perspective, what factors are driving the demand for luxury real estate in Dubai, and how can realtors align their offerings with these demands?
Dubai offers exceptional value compared to top-tier cities like New York, London, and Hong Kong. For example, a penthouse in Palm Jumeirah with superior finishes and a larger footprint costs a fraction of one in New York's Upper East Side. All that with larger room sizes, better location, facilities and thriving communities.
The global elite see Dubai’s combination of luxury, value, stability, and security as unbeatable, compared to cities like Hong Kong, Shanghai and Singapore. The stability and lifestyle that Dubai offers is second to none. Thanks to the esteemed leadership of our nation, this place is one of the most secure cities in the world. And there is a growing influx of investors with very little inventory left even. Realtors should embrace Dubai's unique appeal and the demand from international investors by understanding the city's luxury market better and confidently selling high-value properties while educating buyers of the potential long term returns of operating in a dynamic market.
Q. What are the key trends and innovations in real estate development that you believe will shape the industry in 2025, particularly in the luxury sector? As we move toward 2025, there are quite a few trends to look forward to. We believe smart technologies and data transparency will be central to Dubai’s real estate evolution. The recently launched Smart Rental Index from the Dubai Land Department is a prime example. It brings real-time pricing data, offering more accurate, fairer rent models—especially in mixed-age areas—by reflecting property-specific characteristics rather than broad neighbourhood averages.
For investors and tenants, this means more predictable pricing and protection from arbitrary rent increases, especially in areas like Downtown and Business Bay. Brokers will benefit from clearer, data-backed pricing, leading to greater trust and more informed decisions. This initiative is part of a larger trend toward sustainability, transparency, and innovation in Dubai's luxury real estate market. We are excited to support these advancements, which align with the city’s vision for a more transparent and fair real estate market.
For more Dubai real estate news, click here
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Explore the latest trends shaping in property, Real Estate News in Dubai, lifestyle, interiors, construction and building materials sectors with upto date New more Transparency.
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Tim Smith Real Estate Group Presents: 748 Harbor Island Drive
🌟 Explore Your Dream Home ���
At 748 Harbor Island Drive, luxury meets tranquility in one of the most coveted waterfront locations in Newport Beach, California. 🛥️ Presented by Tim Smith Real Estate Group, this contemporary masterpiece captures the essence of coastal living, offering stunning views, impeccable design, and unparalleled amenities.
First Impressions That Last
As you approach this recently renovated property, the clean, modern aesthetic draws you in. But it’s the thoughtful details—a sunken living room for intimate gatherings, a floating staircase that feels like art in motion, and walls of glass that frame breathtaking views—that make you fall in love.
Inside, the home’s glossy white cabinets, floating vanities, and neutral tones create a sophisticated yet welcoming environment. It’s a home that feels timeless and trendsetting all at once. ✨
Designed for the Discerning Host
This home is an entertainer’s paradise. The open-concept layout ensures effortless flow between spaces, while the kitchen serves as the heart of the action. Imagine preparing a gourmet meal on the oversized island, surrounded by friends and family, while the wine refrigerator keeps your favorite bottle at the perfect temperature. 🍷
The adjacent wet bar adds an air of sophistication, perfect for crafting cocktails to enjoy by the fire pit on the expansive patio.
A Coastal Oasis Awaits
Step outside and be greeted by the gentle lapping of the bay against your private dock. 🛶 Whether you’re hosting a sunset soirée or setting sail on your yacht, the outdoor spaces of this home are designed to enhance every experience.
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Emaar Off-Plan Projects: A Smart Investment Opportunity in Dubai's Thriving Real Estate Market
Emaar Properties, one of Dubai’s most respected real estate developers, continues to shape the city's landscape with its iconic projects. From the world-renowned Burj Khalifa to sprawling residential communities, Emaar has been at the forefront of transforming Dubai into a global hub for luxury living. Among its diverse offerings, Emaar off-plan projects stand out as some of the most sought-after investment opportunities in the real estate market. This article explores what makes Emaar’s off-plan projects so attractive, the benefits they offer, and why they remain a top choice for both investors and homebuyers in Dubai.
What Are Off-Plan Projects?
Off-plan projects refer to properties that are sold before or during the construction phase. These properties are typically available for purchase at a price lower than completed units, with the added benefit of allowing buyers to personalize aspects of their homes in some cases. Developers, like Emaar, often offer flexible payment plans for off-plan properties, making it an appealing option for buyers who are looking to secure a property at an early stage and enjoy potential capital appreciation upon completion. For investors, off-plan properties present a unique opportunity to purchase real estate at a relatively lower cost, with the expectation that the property’s value will increase by the time it is completed. These projects also allow buyers to secure a prime location within Dubai's growing and evolving urban landscape.
Emaar’s Reputation for Quality and Excellence
Emaar Properties has built a strong reputation for delivering high-quality developments that cater to the most discerning buyers. From residential units to commercial spaces and mixed-use developments, the Emaar off-plan projects commitment to craftsmanship, innovation, and sustainability has earned it the trust of investors and homeowners alike. When it comes to off-plan projects, Emaar’s track record of timely deliveries and consistently meeting expectations has made it one of the most reliable developers in the region. This reliability is a key factor that attracts both local and international investors, making Emaar off-plan properties highly sought-after.
Prime Locations for Emaar Off-Plan Projects
One of the major benefits of purchasing an off-plan property from Emaar is the developer’s strategic choice of locations for its projects. Emaar has consistently focused on developing properties in prime, well-connected areas that offer a blend of luxury, convenience, and long-term growth potential. Many of Emaar's off-plan developments are situated in areas that are undergoing rapid transformation, making them an attractive prospect for both buyers and investors. Key areas for Emaar off-plan projects include Downtown Dubai, Dubai Hills Estate, Arabian Ranches, and Dubai Creek Harbour. These locations are known for their excellent infrastructure, easy access to transport networks, proximity to schools, healthcare facilities, shopping malls, and recreational spaces, making them ideal for families and professionals alike.
Flexible Payment Plans and Financing Options
Emaar’s off-plan projects are particularly appealing due to the developer's flexible payment plans and financing options. Typically, these plans allow buyers to pay a portion of the property’s value upfront, with the remainder paid in installments during the construction phase. This gives buyers the opportunity to manage their finances more easily and secure a property before it is fully completed. In addition to installment-based payment plans, Emaar also partners with various financial institutions to offer mortgage options for buyers. This makes it easier for buyers to secure financing for their off-plan property purchases, enhancing the accessibility of Emaar’s projects to a broader range of potential buyers.
Capital Appreciation Potential
One of the biggest advantages of purchasing an Emaar off-plan projects is the potential for capital appreciation. Since off-plan properties are typically priced lower than completed properties, buyers have the opportunity to benefit from significant increases in property value once the development is finished. This is especially true in Dubai, where the real estate market has seen consistent growth over the past few decades. Emaar’s off-plan projects are particularly attractive in this regard because the developer’s reputation ensures that the properties will likely be in high demand upon completion. Furthermore, the prime locations of these developments are expected to appreciate over time as Dubai continues to grow and attract international businesses, tourists, and residents.
The Variety of Emaar Off-Plan Projects
Emaar offers a wide variety of off-plan projects catering to different preferences, budgets, and investment goals. Whether you are looking for a luxury villa, a modern apartment, or a commercial space, there is an Emaar development that meets your needs. For residential buyers, Emaar’s off-plan offerings include everything from contemporary apartments in bustling urban areas to spacious villas in serene suburban communities. Popular residential developments, such as Dubai Hills Estate and Arabian Ranches, offer a range of options for families looking for a balance of luxury, comfort, and convenience. For those looking to invest in commercial properties, Emaar’s off-plan projects also include retail spaces and office buildings in prime business districts like Business Bay and Dubai Creek Harbour. These developments provide lucrative opportunities for investors looking to tap into the growing demand for commercial real estate in Dubai.
Risks and Considerations
While Emaar’s off-plan projects are generally considered a safe investment, buyers should still be aware of potential risks associated with purchasing properties before they are completed. For instance, delays in construction or changes in the market could affect the anticipated return on investment. It’s important for buyers to conduct thorough research, understand the developer’s track record, and be aware of the timelines and conditions surrounding the project. Additionally, working with a real estate agent or financial advisor who is familiar with the market can help mitigate these risks.
Conclusion
Emaar’s off-plan projects continue to be a popular choice for those looking to invest in Dubai’s thriving real estate market. With their prime locations, exceptional design, and flexible payment plans, Emaar off-plan projects offer buyers an opportunity to secure a property at an early stage and benefit from significant capital appreciation. Whether you're a first-time buyer, seasoned investor, or looking for a luxury home in Dubai, Emaar’s off-plan projects provide a range of options that cater to every need and lifestyle. With the developer’s reputation for excellence and a proven track record of successful deliveries, Emaar remains one of the top choices for those looking to make a smart investment in Dubai's real estate market.
#Emaar off-plan projects#dubai#business#real estate#emaar new projects#dubairealestate#properties#emaar properties#united arab emirates#emaar properties new launch 2024#investment
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Explore New Developments In Dubai With Palmiera | The Oasis By Emaar
New developments in Dubai offer unmatched luxury, and Palmiera | The Oasis by Emaar is at the forefront. With its elegant villas, state-of-the-art amenities, and pristine surroundings, it’s perfect for those looking for a premier residential address in Dubai.
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