News, page 3
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As of January 1, 2025, Dubai's Land Department has introduced an updated version of the rental index, previously known as the RERA rent calculator. Now branded as the Intelligent Rental Index, the update includes significant changes. The primary innovation lies in the use of real-time data... Read more
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With Dubai’s population growing by over 159,000 people in 2024 to 3.814 million, demand for rental housing continues to rise. This population increase is expected to drive rental price growth by approximately 10% in 2025. Real estate experts forecast significant rent increases in prime... Read more
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In the second half of 2024, Dubai’s residential real estate market grew significantly, with a 31% year-on-year increase, reaching AED 232 billion in total value. The primary market outperformed the secondary market in both deal numbers and values. In 2024, 61,435 off-plan transactions were... Read more
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In 2024, Dubai’s real estate market reached unprecedented heights, solidifying its position as one of the most attractive investment destinations. The total number of transactions increased by 27%, reaching 180,900 deals, while their combined value surged by 36% to AED 522.1 billion. The average... Read more
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Dubai Land Department has announced a major shift for property owners along Sheikh Zayed Road (between Dubai Mall and the Water Canal) and in Al Jaddaf, allowing them to convert their land ownership from leasehold to freehold, granting them full and permanent ownership rights. Key... Read more
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Sharjah has announced the development of a new rental index aimed at creating a more transparent real estate market and increasing investor confidence. Developed in collaboration with Sharjah Digital and the Real Estate Department, the index will provide residents with up-to-date rental price... Read more
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In the last quarter of 2024, the prices of houses and flats sold rose by 5.9% to 1,723 €/m². The number of property transactions increased by 9% year-on-year and mortgages by 24%. According to property website Idealista, home sales have increased for eight consecutive months, with prices rising... Read more
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Spain has published a law that cancels the Golden Visa programme for non-European Union citizens. According to the Official State Gazette (BOE), this law will come into force on 3 April 2025, making it impossible for foreign investors investing more than €500,000 in Spanish property to obtain a... Read more
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In the fourth quarter of 2024, the gross yield on buy-to-let properties reached 7.2%. At the end of 2023, the figure was at 7.1%. According to Idealista's research, even in the worst-case scenario, property yields are twice as high as ten-year government bond yields (3.1%). Housing remains the... Read more
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The Bank of England has cut the mortgage rate from 5.25% to 4.75% throughout 2024. According to Mansion Global, this change is likely to significantly impact the middle and economy segments of the property market and the luxury housing sector. Experts say that while buyers of expensive property... Read more
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