Real Estate
Among top contributors to economy
Volume of ready properties increased by 11.8% YoY to 11,898 transactions in Q2
The government aims to achieve 70 percent homeownership by 2030
Dubai Land Department issues 4,416 real estate licences
Rental values increased by about 24 percent in the affordable segment
High office occupancy suggests remote work no longer a factor
Investment Minister revealed annual investments in sector reaching $170 bn
Green real estate on growth track as investors, homeowners embrace sustainability
Leveraging technology for business growth
Expensive costs and labor shortages seen in other markets
In some cases, ChatGPT would forget about constraints
job roles dedicated to environmental responsibility are gaining prominence
Developers and brokers are adapting, by reimagining properties and innovating
Residential, mixed-use sectors, recorded 522 projects worth $310 bn
Market is experiencing a surge in rent and sales
A $20 bn luxurious lifestyle destination
May 2023 recorded a 77% surge in volume over the same month last year
Projects expected to boost tourism, infrastructure
With a projected capacity of up to 255 mn passengers annually by 2050
Knight Frank: Global high-net-worth individuals plan to spend $2.5 billion in Dubai
Dubai spearheads trend as global leader in residential enclaves linked to premium brands
Sustainability a top priority for both nations
Mortgage transactions exceeded QAR 2.2 bn
