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Dubai’s real estate sector posted AED26bn ($7.1bn) in property transactions last week, according to the latest figures released by the Land Department. Sales Lead Market Activity Sales transactions dominated overall activity, totaling AED18.72bn ($5.1bn) based on Land Department data. Between December 8 and 12, the market recorded 4,467 sales transactions, highlighting continued momentum across residential…
Abu Dhabi is preparing to add 8,000 new residential units by the end of the year as strong demand continues to push both prices and rents higher, according to real estate consultancy Cavendish Maxwell. Upcoming Supply Pipeline The consultancy reported that an additional 12,800 homes are scheduled for handover in 2026; however, actual completion numbers…
Before long, residents might find themselves walking through Dubai or Sharjah only to see a tuk tuk zipping by. Although still awaiting official approval from the Road and Transport Authority (RTA), a Chinese-based electric tuk tuk manufacturer may soon establish a market presence in the UAE. A Growing Trend in Alternative Transport Tuk tuks, also…
Indian and British residents have become the two most influential tenant groups in Dubai’s rental landscape, according to newly released research from fäm Properties. Key Findings from DXBinteract Data The study, compiled using DXBinteract data, highlights that these nationalities consistently appear among the top rental demographics in several major neighbourhoods, emphasising their strong presence within…
Owning a home is a keystone of wealth… both financial affluence and emotional security.