Dubai Weekly Property News Round Up – 15.06.24

Welcome to this week’s edition of Property News. We’re excited to bring you the latest and most impactful developments in the Dubai real estate market.

In this issue, we highlight the soaring Dubai property market in 2024, led by a record-breaking surge in villa prices. Villa prices have doubled since the pandemic. We also cover the rise in rental prices, with tenants facing tough negotiations as property values increase, and provide an overview of key trends in UAE real estate for 2024, including a housing boom with tens of thousands of new units set to be completed this year.

If you’re interested in our top 3 picks for buyers in Dubai, reply to this email today, and we’ll send you everything you need to know—and more!

Now, let’s take a look at the latest headlines that have caught our eye this week…

Ep 81: Why You Should Be Looking To Invest In Liverpool
 
The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.
 
We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property News This Week

Dubai’s residential property market is forecast to scale new heights in 2024, with analysts predicting record-breaking home prices. This growth is expected to be particularly pronounced in the villa segment, which is projected to witness significant capital gains. 
 
According to ValuStrat’s April Price Index (VPI) for Dubai, apartment prices are steadily rising, although at a more moderate pace than villas. Villas were the standout performers, with the average valuation per square foot surpassing AED 2,000 for the first time in a decade. This milestone marks a doubling of villa prices since the pandemic, surpassing previous market peaks and even 2014 highs.
Tenants nearing the end of contracts are facing tough negotiations with landlords, whose properties have been revalued by Dubai Land Department under the Real Estate Regulatory Authority (Rera) rent calculator. 
 
The increase in prices in prime villa communities is leaving some tenants facing the prospect of moving to more affordable areas. “Rental valuation certificates now allow owners to get their properties revalued,” said Louise Heatley, owner and managing director of Exclusive Links Real Estate Brokers.
 
Dubai’s real estate market is currently experiencing a significant housing boom, with tens of thousands of new villas, townhouses, and apartments scheduled to be completed and handed over to buyers this year.
 
Despite this surge in new units, experts anticipate that property prices for rentals and ownership will keep rising, fueled by strong demand from local and foreign buyers. Let’s dive into the key trends shaping the UAE’s real estate landscape in 2024.

That’s all of this week’s most important news. If you’ve got any comments or questions about any of these headlines, hit reply and we talk further about the market and your own property investment goals.

Otherwise, I’ll see you next week for your property market round-up. Have a great weekend!

Popular Posts

The 5 Best Buy-To-Let Areas In Glasgow

Date: November 20, 2024

Weekly Property News Round Up – 16.11.24

Date: November 18, 2024

Weekly Property News Round Up – 09.11.24

Date: November 18, 2024

How Rachel Reeves’ New Budget Could Transform the UK Property Market

Date: November 4, 2024

Weekly Property News Round Up – 02.11.24

Date: November 4, 2024

The 5 Best Buy-To-Let Areas In Edinburgh

Date: October 29, 2024

How To Build A Property Portfolio

Date: October 29, 2024

Weekly Property News Round Up – 26.10.24

Date: October 28, 2024

Weekly Property News Round Up – 19.10.24

Date: October 24, 2024

Weekly Property News Round Up – 12.10.24

Date: October 15, 2024

Track Capital’s Exclusive Site Visit to Manchester’s Best-Selling Development

Date: October 11, 2024

Weekly Property News Round Up – 05.10.24

Date: October 10, 2024

Weekly Property News Round Up – 28.09.24

Date: October 1, 2024

Why Liverpool’s Property Market Is A Smart Investment Choice In 2024

Date: September 25, 2024

Weekly Property News Round Up – 21.09.24

Date: September 24, 2024

Weekly Property News Round Up – 14.09.24

Date: September 17, 2024

Buy-To-Let: Limited Company vs Personal Ownership

Date: September 10, 2024

Weekly Property News Round Up – 07.09.24

Date: September 8, 2024

Weekly Property News Round Up – 31.08.24

Date: September 5, 2024

How To Make Money From Property (5 Proven Strategies)

Date: August 29, 2024

Weekly Property News Round Up – 24.08.24

Date: August 27, 2024

Weekly Property News Round Up – 17.08.24

Date: August 27, 2024

How to Buy Property for £40K in the UK in 2024: Recap of Our Latest Webinar

Date: August 16, 2024

Where’s The Best Place To Invest In Property In 2024?

Date: August 13, 2024

Weekly Property News Round Up – 10.08.24

Date: August 12, 2024

How the King’s Speech Could Shape Property Investment: Key Updates for Investors

Date: August 6, 2024

Weekly Property News Round Up – 03.08.24

Date: August 5, 2024

Weekly Property News Round Up – 27.07.24

Date: July 30, 2024

The Best Areas For Student Property Investment In Birmingham

Date: July 30, 2024

Weekly Property News Round Up – 20.07.24

Date: July 26, 2024

Recent Posts

The 5 Best Buy-To-Let Areas In Glasgow

Date: November 20, 2024

Weekly Property News Round Up – 16.11.24

Date: November 18, 2024

Get in touch with us by clicking below and submitting an enquiry.

if you have any questions or would like to inquire about our services, please click on the “Contact Us” button below to be redirected to our contact page. Our team is dedicated to providing exceptional customer service and will do their best to assist you with any inquiries you may have.