The Dubai real estate market is booming, but recent trends highlight the importance of caution for both buyers and sellers. Authorities are implementing strict measures to ensure transparency and combat misleading advertisement practices. Here's what you need to know:
Dubai’s real estate market recorded 84,772 transactions worth AED300 billion ($81 billion) in 2021, according to a new report issued by the Dubai Land Department (DLD).
Villas are expected to drive strong growth in Dubai's real estate sector during the fourth quarter of 2021 as consumer and investor sentiments rise ahead of Expo 2020 Dubai, according to new research.
The economy has bounced back sharply from the pandemic in the city-state following a successful vaccination drive, and that has spilled into the real estate market, with a continued increase in sales, according to Dubai Land Department records.