Dubai’s real estate market has achieved a remarkable milestone, surpassing AED 50 billion in total sales for the first time ever. According to a recent report from Engel & Völkers, sales transactions jumped 80% year-over-year, reaching a total of 19,605. This surge was primarily driven by the off-plan market, where sales soared by 117% despite limited supply. As a result, Dubai continues to be a...
In 2024, Dubai, the business center of the Gulf, saw a very busy real estate market, with sales surpassing $100 billion. A recent report from Alkhaleej newspaper states that more than half of these sales were for homes in the first ten months of the year. The total real estate transactions reached about 432 billion UAE dirhams (around $118 billion). Sales included apartments, villas, and hotel...
In the latest U.S. News & World Report rankings, the United Arab Emirates has emerged as the world’s most economically stable country, claiming the top spot out of 89 nations. This achievement reflects the UAE’s steady climb to global prominence through its low production costs, attractive tax policies, streamlined bureaucracy, commitment to transparency, and minimal corruption. A Model of...
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