#real estate news in Dubai

[saurabhshinde16]

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.

For more Dubai real estate news, subscribe to the REM TIMES newsletter

[gulfproperty]

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.

[fazza33333]

Greatness is a gift from all mighty Allah

[homestationrealestateindubai]

Dubai beckons! Verdana by Reportage Properties offers a haven for urban living, with a range of studios, apartments, and townhouses

[dubai-properties-2024]

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.

[investmentindubai]

Follow for more updates

[monsterkong]

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.

[noubaproperties]

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.

[firstpointrealestates]

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.

[teslaproperties]

Discover the Best New Real Estate Projects in Dubai for 2024

Do you want to put money into Dubai's booming real estate market for amazing returns? This blog highlights the best new real estate projects in Dubai for 2024, including top developments like Emaar Beachfront, Dubai Hills Estate, and Sobha Hartland. Whether you're looking for luxury living, family-friendly communities, or high-return investments, Dubai offers a range of exciting opportunities. Discover key projects and why partnering with Tesla Properties, a trusted real estate agency in Dubai, can help you find the perfect Dubai property for sale. Start your property search today!

[gulfproperty]

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.

[saurabhshinde16]

The Growth of Dubai’s Real Estate and What It Means for Careers

Mike Fleet, Deputy CEO, Metropolitan Group, discusses how the brokerage firm’s recognition as a top workplace enhances its ability to attract and retain talent

Mike Fleet, Deputy CEO of Metropolitan Group, is at the forefront of transforming the real estate in Dubai. Under his leadership, the company has been recognised as one of the best workplaces in 2024, securing third place in the Large Business category by Great Place to Work. This accolade highlights Metropolitan's commitment to fostering a positive workplace culture, making it a preferred destination for top talent in the competitive real estate market.

With a focus on employee development and a robust training academy, Fleet ensures that agents are equipped to excel in a rapidly evolving industry. In an exclusive interview with REM TIMES, he shares insights on how these recognitions influence career opportunities and the innovative strategies Metropolitan employs to thrive amidst Dubai’s booming real estate market.

Q. Metropolitan Group has achieved its highest ever ranking in the Best Workplace™ in 2024 in the Large sized business category by the Great Place to Work, placing third. How has this recognition influenced the company’s ability to attract and retain top talent in the highly competitive Dubai real estate market?

Metropolitan Group has achieved a significant milestone by being ranked in the top 20 workplaces in Asia by the Great Place to Work, a global authority on workplace culture. As the only real estate brokerage to achieve this distinction, the Group has reinforced its reputation as a premier employer in the Asia region and a preferred destination for real estate talent.

At the Great Place to Work’s recent awards ceremony, the Metropolitan Group was ranked 17th Best Large Workplaces™ in Asia in 2024 and 6th in the Large Business category in the Best Workplaces in the Middle East™️ 2024. These rankings are based on confidential employee feedback and an audit of management practices and workplace culture.

These recognitions, coupled with our previous accolades as the #1 Best Place to Work for Women in the GCC in 2022 and Best Workplaces for Millennials for two consecutive years, has cemented our reputation as an employer of choice and significantly enhanced our ability to attract and retain top talent in the competitive Dubai real estate market.

These prestigious awards have become a powerful tool in our recruitment efforts. High-calibre professionals are increasingly drawn to Metropolitan Group, impressed by our repeated ability to validate our unique culture and ranking among top global brands operating in the region like McDonald’s and DHL. This recognition underscores our unwavering commitment to providing an exceptional workplace culture and employee experience.

Our repeated high placements in these rankings have directly contributed to our success in filling key leadership positions. Our consistent improvement in the rankings — from 10th to 6th and now 3rd in the UAE — demonstrates our ongoing dedication to creating a unique environment where our employees can flourish and excel. This unique achievement sets us apart in the Dubai real estate market, as we are the first and only real estate brokerage to ever make the list.

High-performing agents who have joined us from other leading firms have not only transitioned smoothly, but have also achieved even greater success, validating our promise of growth and career advancement. Our ranking as one of the best workplaces has become a key differentiator for the Metropolitan Group, making us a highly desirable destination for top talent and strengthening our position in the competitive real estate sector. As part of our ongoing efforts to attract top talent, we recently hosted an event at our new luxury office in Al Salam Tower in Dubai. Potential new hires had the opportunity to gain exclusive insights into the tools and strategies that Metropolitan agents use to achieve high levels of sales success.

Q. Dubai’s real estate market has seen substantial growth in recent years. What trends do you see driving this growth, and how do these trends impact career opportunities within the real estate sector? How is Metropolitan Group positioning itself to take advantage of these trends and what skills or qualities are you looking for in new hires?

Dubai’s real estate market has experienced substantial growth in recent years, driven by several key trends. One major factor is the city’s reputation as a safe and stable place to live and do business. This reputation is reinforced by favorable government policies, such as streamlined processes for business setup and residency, as well as attractive taxation benefits. These elements contribute to the city’s appeal as a prime destination for both living and investment.

The influx of foreign investment is another significant trend. The government’s initiatives to facilitate property investments and ease visa processes have attracted a diverse range of international investors, including high-net-worth individuals and investors from various countries. This growing interest in Dubai’s real estate market reflects a broader trend of seeking stable and rewarding investment opportunities.

Another trend is the increasing interest in branded residences and luxury living. Investors are drawn to Dubai’s unmatched luxury lifestyle, resulting in a growing influx of investors from various nationalities. This trend underscores the importance of understanding high-end real estate dynamics and catering to an elite clientele.

These trends have created a thriving real estate market, resulting in increased career opportunities within the sector. The expanding market means an increasing number of professionals and investors are relocating to Dubai. For instance, we are seeing a notable number of British real estate agents moving to Dubai to capitalise on the lucrative opportunities here.

At Metropolitan Group, we are positioning ourselves to take full advantage of these trends. We have developed a comprehensive training programme for talented salespeople who may not have prior real estate experience but possess proven sales skills and a strong client network. This two-week training programme, supplemented with ongoing online support, is designed to prepare them for success in the real estate sector, equipping them to excel and potentially achieve significant financial success. E.g. Our team recently welcomed a new agent with a unique background. While he had no prior real estate sales experience, he brought over two decades of expertise managing assets for high-net-worth clients in Europe.

Since 2020, he has personally invested in real estate in both Europe and Dubai, quickly recognizing Dubai’s vibrant market potential. Drawn to the city’s dynamic atmosphere, he relocated and joined our team, specializing in high-end properties.

After completing our comprehensive training programme, this agent’s dedication, perseverance and the support of our leadership have propelled him to become one of our top performers across the Group. This example demonstrates that with the right training, office culture and attitude you can be successful in real estate without having extensive experience in the industry.

We are particularly focused on recruiting individuals who are client-centric, organised and structured. We value candidates who consistently evaluate their performance and seek to improve their results. As the market evolves, the demand for skills related to managing client relationships, staying organised and maintaining a disciplined approach will continue to grow.

Metropolitan Group is leveraging these trends by focusing on both experienced professionals and those we can develop through our tailored training programmes. We seek individuals who are dedicated to delivering exceptional client experiences, are highly organised and are committed to continuous improvement.

Q. The Metropolitan Sales and Training Academy is a cornerstone of your HR initiatives. How does the Academy enhance agent skills and ensure they are equipped to deliver the highest standards of client excellence? How does the programme align with the current demands of the real estate market?

The Metropolitan Sales and Training Academy is indeed a cornerstone of our HR strategy, crucial to enhancing agent skills and ensuring the highest standards of client excellence. This initiative is pivotal to our commitment to employee development and client satisfaction.

Our Academy offers a structured approach to skill enhancement through a comprehensive curriculum tailored to various levels of experience. From pre-joining activities to a thorough induction process, we ensure that our agents are well-prepared for real-world scenarios.

We employ a ‘learn-do-review’ model during training, ensuring that learning is both practical and directly relevant to agents roles. All content created for the Academy is developed in collaboration with subject matter experts, ensuring that the training material is current and relevant to the real estate sector.

The Academy’s continuous development reflects the dynamic nature of the real estate market. It offers three levels of training – beginner, intermediate and advanced, allowing for ongoing skill development. Advanced agents who exhibit strong leadership qualities are groomed for future leadership roles within the company.

To maintain the highest standards of client service, we have a dedicated quality control department that conducts monthly quality checks on agent calls. Furthermore, our Metropolitan Stars initiative recognises exceptional performance with awards and opportunities such as a lunch with the CEO. Categories for recognition include the highest number of true checked listings, new live listings, and team leader achievements. These awards not only motivate agents but also emphasise the importance of client experience.

The Academy leverages a top-ranked Learning Management System (LMS) to host and manage our online content. We have invested in the latest authoring software to create engaging and interactive training materials, ensuring that our agents are well-equipped to meet the evolving demands of the real estate market.

The Metropolitan Sales and Training Academy is instrumental in developing agent skills and upholding high standards of client service. By integrating practical training, continuous development and advanced recognition schemes, we ensure that our agents are not only prepared for current market demands but are also poised to lead and excel in the future.

Q, As Metropolitan Group continues to expand, opening state-of-the-art offices and introducing new divisions like Penthouse.ae, what opportunities do you see for career advancement within the organisation?

As our Group continues to expand with the launch of new state-of-the-art offices, there are exciting career advancement opportunities within our organisation.

The Group’s expansion within the UAE and internationally as well as the introduction of new divisions brings numerous career advancement opportunities. Our commitment to investing in our corporate structure and creating talent reserve pools ensures that our team members are well-positioned for success as we evolve. Some of the opportunities for career development include:

Diverse roles and divisions: Our expansion efforts, including the opening of new facilities and divisions, create a variety of roles across different levels of the organisation. This growth allows employees to explore new career paths and take on diverse responsibilities. For instance, the launch of Penthouse.ae has opened up specialised roles within the ultra-luxury real estate sector, offering unique opportunities for career growth.

Promotion pathways: We have seen several high-performing agents progress within the organisation from a successful sales agent to a team leader and then to Head of Sales which exemplifies the career advancement potential within our company.

Leadership development: As we continually refine our corporate structure, we are also focusing on developing and identifying top talent for key positions. We are implementing talent reserve programmes to ensure that we have skilled individuals ready to step into critical roles as they become available. This approach not only prepares our employees for future leadership positions but also aligns with our commitment to internal promotions.

New facilities and divisions: The opening of new offices and the creation of new divisions like the Quality Assurance department provide ample opportunities for employees to take on new challenges and grow within the organisation. These expansions often lead to the creation of new departments and leadership roles, offering employees a chance to advance their careers in line with the company’s growth.

Q. How does Metropolitan Group support employees in their career growth and development to ensure they can take advantage of these opportunities?

At Metropolitan Group, we have made it a priority to support our employees’ career growth and development. This commitment is central to our success as we continue to expand and evolve.

The Sales and Training Academy is a pivotal resource for career development, offering a structured pathway for individuals at all levels of experience. Through our ‘learn-do-review’ model, employees learn new skills, practice them in real-world scenarios and receive feedback to enhance their performance.

We have dedicated programmes within the Academy specifically designed to prepare employees for leadership roles. These programmes focus on developing the skills necessary for effective leadership, combining hands-on learning, practical application, and reflective assessments to build leadership capabilities.

With the establishment of the People, Performance and Culture team, we have significantly invested in HR functions to better support employee development. This includes hiring a range of specialists, such as HR Directors, Learning Specialists, Digital Learning Specialists and Senior Skills Trainers. This team ensures that the Academy’s training programmes remain relevant and of high quality, aligning with our strategic goals and addressing employee needs.

As Deputy CEO, I oversee the HR and learning functions to ensure that our career development initiatives are effectively implemented and aligned with our organisational objectives. This helps maintain a high standard of support and ensures that employees receive the guidance and resources needed to advance their careers.

We provide clear pathways for career progression within the organisation. Employees can see how their roles fit into broader career trajectories, from entry-level positions to advanced leadership roles. This clarity helps motivate and guide employees as they plan their career development.

By investing in our employees’ development and providing clear pathways for advancement, Metropolitan Group fosters a culture of growth and opportunity. This approach benefits not only our employees but also contributes to the overall success of the organisation.

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[almirathr]

Emaar's Latest Offering: Don't Miss the Details

Discover the best new launch by Emaar, offering world-class luxury and innovative design in Dubai’s most sought-after locations. Emaar’s latest projects feature stunning residences with modern amenities, ideal for both investors and homebuyers. Whether you're seeking beachfront living, urban luxury, or prime real estate, Emaar's new launches provide unmatched opportunities. At Al Mirath Real Estate, we can help you secure your dream property with expert guidance. For more information, contact us at +971 52 7466 777!