Combination of high hotel and apartment costs and strong tourism propels Airbnb rates in some Gulf cities, including Dubai, Riyadh and Kuwait City.
Read MorePersonal wealth in the UAE has grown at 8 per cent between 2016 and 2017 and is expected to grow at a compounded annual growth rate of 8 per cent over the next five years to reach $590 billion (Dh2.16 trillion) in investable assets by 2022, according to a report by Boston Consulting Group (BCG).
Read MoreLocated in the centre of Dubai Creek Harbour the new retail hub will include a Chinatown, a waterpark and an Art District.
Read MoreWhen buying off-plan, one can reasonably expect to save on the current market price for an equivalent completed property in exchange for having to wait for the duration of construction and subsequent handover.
Read MoreAnnouncement comes before historic visit of President Xi Jinping.
Read MoreDubai is first Arab city to join the ranks of Singapore, Hong Kong, London and Shanghai.
Read MoreQ&A: 10 Frequently-Asked Questions
The internet is a wonderful thing and a great place to start your research when you are thinking about a property in Dubai, but as we are all well aware, the information can be misleading or highly embellished.
Read MoreI arrived to live and work in Dubai in 2003 when the population had just reached one million, today we have three million, and by 2027, Dubai expects to have more than five million residents.
This is a city whose population has grown 1,000 per cent in the last 40 years making it one of the fastest growing cities on the planet. Read more here
Dubai is one of the seven Emirates that make up the United Arab Emirates which now has a total population of 9.3 million, and many of those people have contributed to the AED 6 billion invested by residents in Dubai real estate from January to June this year. Read more here
This week’s property discussions have included:
Read MoreOn World Population Day, Dubai’s population has surpassed 3 million people, one-third of UAE’s 9.3 million.
As people around the planet observe World Population Day on July 11 to mark the challenges facing 7.6 billion people alive today, experts say cities such as Dubai will have its work cut out for it to accommodate growth while maintaining quality of life and infrastructure.
Dubai’s population has reached 3.086 million people comprising one third of the national UAE population of 9.27 million residents, according to Dubai Statistics Centre figures on Tuesday.
And by 2027, Dubai is expected to jump to more than five million in a city whose population that has grown 1,000 per cent in the last 40 years making it one of the fastest growing cities on the planet thanks to an influx of expatriates seeking work from other countries.
Read MoreInvestors from this country spend nearly Dh6 billion in Dubai real estate from January to June this year alone.
Buying a property in Dubai remains an attractive proposition for those who want to park their money and generate great returns in the long term.
The latest data would show that billions of dirhams are being spent by foreigners, including expatriates based in the UAE, to acquire a piece of home in some of Dubai’s skyscrapers.
But many of these buyers are homing in on Dubai not because they want to have their own place to settle in, but mainly because they want to rent out.
Read MoreOverall property transactions in Dubai totalled Dh111 billion for the first half of 2018, says the Dubai Land Department (DLD). This was done through 27,642 transactions. This represents an approximately 16 per cent decline compared to the same period a year ago. Overall property transactions in Dubai totalled Dh132 billion in the first half of 2017 and Dh113 billion in the first six months of 2016.
The Land Department numbers represent properties and plots sold across Dubai.
The summer has definitely arrived in Dubai with daily temperatures ranging from 42 to 44 degrees during the day down to a cooler 33 degrees at night.
All the schools have broken up, and the worlds busiest airport for international travellers will have welcomed over 1.1m people during the past week.
Up until a few years ago, the city would have been deserted through to mid-September, however, the current trend is to take just a few weeks off over the summer and then get back to work – its business as usual.
It's always a busy time for me as many overseas clients take advantage of the summer deals on Dubai hotels and flights to visit for their holidays. So if you are planning a trip to Dubai in the next few months, please get in touch as soon as possible, and we can make a plan to meet to discuss the many offers as well as view the new developments and properties.
This week’s property discussions have included the following:-
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