Trends

The United Arab Emirates (UAE) continues to showcase remarkable financial growth, with its net wealth reaching an impressive $2.9 trillion in 2023. This marks a 10% increase from 2022, significantly outpacing the Middle East and Africa’s regional growth rate of 8%. Globally, financial wealth rose by 7% during the same period, reversing the 4% decline experienced in 2022. Projections suggest that an...

In Q3 2024, Dubai’s real estate sector saw record-breaking results, building on the year’s previous growth. Total market sales reached AED 141.9 billion across 50,423 transactions, representing robust quarter-over-quarter growth (16.6%) and a substantial year-over-year rise (37.9%). This surge reinforces Dubai’s appeal as a prime destination for local and global buyers, with high demand in off-plan...

In the beginning of October 2024, Wynn Resorts secured the first-ever commercial casino license in the United Arab Emirates, marking a historic milestone in the region's tourism and entertainment industry. The license is for a resort currently under construction on Al Marjan Island in Ras Al Khaimah, a project valued at $3.9 billion. This venture is part of the UAE's broader strategy to enhance its tourism...

Dubai’s real estate market has consistently attracted investors globally, owing to its strategic location, nearly tax-free environment, and an unparalleled lifestyle. However, the past few years have introduced new dynamics, particularly concerning the cost of living, which has become a significant consideration, especially for families with school-aged children. Despite these challenges, the market has...

As the dynamic real estate landscape of Dubai continues to evolve, Sterling Capital Real Estate presents an in-depth analysis of Dubai property market trends in the first half of 2024. A comprehensive review of search trends and official data highlights a robust and unwavering growth trajectory in Dubai’s real estate market. With total sales transaction volumes increasing by...