Homeowners remain reluctant to sell and quit the low mortgage rates they locked in two years in the past. Further, homebuilders have underproduced for decades, leading to a scarcity of 5 million housing items nationwide, according to NAR analysis. The desire for homeownership remains undeterred among customers, as residential sales continue to breach earlier highs.
- Real estate news and prime headlines from major news sources into an actual estate context every weekday, alongside breaking news from NAR, business ideas, and trade developments.
- Ohri stated that Indian diaspora across the world, including in the US, Middle East, South East Asia, Australia and Canada, had purchased homes in numerous DLF projects.
- Analysis of business market sectors and commercial-focused issues and tendencies.
- The graduation of metro line 2A and 7 between Dahisar and Andheri has favourably impacted the demand for rental properties, especially in the micro market of Western Suburbs Others.
A total of 122,658 real estate transactions have been registered in the emirate in 2022, an increase of 44.7 per cent from 2021. The past year additionally saw 80,216 investors registering a hundred and fifteen,183 new real estate investments valued at Dh264.15 billion, an annual growth of 59.5 per cent in quantity and seventy Real Estate News eight.4 per cent in worth. Get TheDaily News Egyptlatest news onreal estate, construction, property market, luxurious houses, mortgage loans and interest rates. 2023 marks a new set of information for the Dubai real estate market, with both the quantity and value of sales transactions hitting new highs.