#Knight Frank
Knight Frank says the dramatic rise in demand and corresponding supply crunch in the prime residential market reflect Dubai’s growing appeal among the global elite
The ongoing transformation is being driven by Vision 2030, which aims to deliver more than 660,000 residential units and over 320,000 hotel keys
International buyer activity has skyrocketed in Abu Dhabi, with sales to non-resident investors jumping from 3 per cent in 2021 to 28 per cent in 2023
The influx of new hospitality and tourism-related projects in the region is fostering new trends that add value and efficiency
The city’s real estate sector emerged as the world’s busiest market for luxury properties, surpassing Hong Kong and New York
According to Knight Frank’s survey, 45 per cent of global HNWIs indicated that the emirate’s development plans enhanced its appeal as an investment destination
The world’s wealthy have been increasingly targeting Dubai’s luxurious homes, primarily situated in the city’s most desirable districts
The recovery is led by Business Bay in Dubai, where average office rents have climbed from Dhs76 per sq ft in Q1 2020 to Dhs101 per sq ft at present
Looking to list your home as a short-term or long-term rental property, or planning to rent a property for a year or more? The CEO of Dubai-based property management firm, Frank Porter, shares the pros and cons
The annual 2022 Saudi Residential Survey spoke to 55 HNWIs in Riyadh, Jeddah and Dammam
Regionally, the UAE capital topped the list with 270,686 households earning more than $250,000 annually