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Residential

Dubai, UAE
Dubai, United Arab Emirates (Credit: Caleb Whiting dogbear869, CC0, via Wikimedia Commons)

Dubai to lead global prime residential market in 2025

Despite recent economic uncertainties, prime residential markets have shown remarkable resilience. As 2025 begins, new government policies—ranging from tax reforms to international affairs—are expected to impact high-end real estate, according to global consultancy Savills. “We anticipate a moderate global capital value increase of 1.6% in 2025, compared to 2.2% in 2024 across 30 global cities…

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Taimur Khan, CBRE head of research MENA (Credit: CBRE)

Saudi Arabia sees surge in residential property transactions

In the first quarter of 2024, the real estate sector in Saudi Arabia has experienced a surge in residential property transactions, according global consultancy firm CBRE. The number of sales transactions registered in Riyadh totalled 23,900, recording a year-on-year increase of 77.0%. The value of residential properties sold over this period stood at SAR 32.7…

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Dubai, UAE, MENA (Credit: Pixabay)

HNWIs to invest $4.4 bn on Dubai’s residential real estate in 2024

High-net-worth-individuals (HNWIs) globally are projected to spend $4.4 billion on residential real estate in Dubai, according to a new report by Knight Frank. The 2024 edition of the signature report in the Destination Dubai series, which surveyed 317 high-net-worth individuals (HNWIs) – 217 around the world and 100 GCC-based expat HNWIs, revealed that the Gulf…

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(Omar Abu Innab, co-founder and CEO of Keyper)

Dubai ‘rent now, pay later (RNPL)’ scheme launches in July

UAE based proptech start-up Keyper, has officially announced a Rent Now Pay Later (RNPL) service, meaning Dubai residents can pay their rent monthly with their credit card. Traditionally, rent in Dubai has been paid with post-dated cheques (usually between one and six, depending on the landlord) over a 12-month period. Keyper will now make it…

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(Sergiu Sobetchi, Head of Sales at Laguna Properties UAE)

Dubai real estate golden run to continue in Q4

UAE-based luxury residential agency Laguna Properties predicts a “golden run” for Dubai’s luxury residential sector in the final quarter of 2022, with investors attracted by the Emirate’s safe-haven status, reputation for resilience and opportunity for medium to long term growth, amidst a global context of uncertainty, inflationary pressures, interest rate rises and geo-political tensions. Laguna’s…

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