Dubai Weekly Property News Round Up – 01.06.24

This week, in the world of Dubai real estate we’re taking a look at how the April 16 rains have effected the Dubai property market and what it takes to be spending $4.5 billion on Dubai property.

Whether you’re seeking a stylish one-bedroom apartment in an affordable area, a family-friendly neighbourhood with top-tier schools and healthcare, or a premium investment with luxurious hotel-style amenities that attract and retain quality tenants, there is truly something for everyone.

If you’re interested in our top 3 picks for buyers in Dubai, reply to this email today, and we’ll send you everything you need to know—and more!

Now, let’s take a look at the latest headlines that have caught our eye this week…

Ep 80: UK Property Market Update
 
The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property news this week:

Dubai’s wealthy willing to spend $4.5 billion on Dubai property – Knight Frank: The report comes at a time when Dubai is continuing to push its credentials as a wealth management, banking and family offices hotspot, competing with rival hubs such as Hong Kong and Switzerland. 
 
High net worth individuals around the world are prepared to spend $4.4 billion on residential real estate in Dubai, a report says underscoring how the Gulf jurisdiction remains a property hotspot.
 
Dubai has taken pole position as the most preferred emirate in the UAE for HNW individuals globally to purchase real estate. Abu Dhabi ranks second, while Sharjah has secured third place this year, according to property consultants Knight Frank.

Dubai property market has bounced back after April 16 rains:
 The one thing that has always held true for Dubai is that it’s a city of surprises. Nobody could have predicted that this ‘megapolis’ in the desert would become the centre of global interest in a post-Covid landscape.
 
Following landmark events like Expo 2020, many have been holding their breath for a so-called bubble to burst – and they should really just exhale by now as their expectations continued to be defied. The city saw record-breaking rainfall in April, yet bounced back so fast that it barely feels like we had more than the usual spring showers. The real estate market continues to soar, setting new benchmarks month after month.

How much should you earn to buy a Dubai property worth $1 million?: Krzysztof Lewandowski, a Polish national, recently bought an apartment in the Emaar Beachfront project in Dubai for Dh4.2 million ($1.14 million).
 
The 37-year-old is an advocate of the Dubai property market having seen attractive returns and significant capital appreciation for other units in his real estate portfolioHe purchased his first property in Dubai, also in Emaar Beachfront, seven years ago and also owns an apartment each in Dubai Creek Harbour and Jumeirah Lakes Towers. These units have been rented out.

That’s all of this week’s most important news. If you’ve got any comments or questions about any of these headlines, hit reply and we talk further about the market and your own property investment goals.

Otherwise, I’ll see you next week for your property market round-up. Have a great weekend!

Popular Posts

Weekly Property News Round Up – 20.07.24

Date: July 26, 2024

Dubai Weekly Property News Round Up – 13.07.24

Date: July 16, 2024

Weekly Property News Round Up – 13.07.24

Date: July 16, 2024

Dubai Weekly Property News Round Up – 07.07.24

Date: July 8, 2024

Weekly Property News Round Up – 07.07.24

Date: July 8, 2024

Dubai Weekly Property News Round Up – 30.06.24

Date: July 8, 2024

Weekly Property News Round Up – 30.06.24

Date: July 8, 2024

Dubai Weekly Property News Round Up – 22.06.24

Date: July 8, 2024

Weekly Property News Round Up – 22.06.24

Date: July 8, 2024

Dubai Weekly Property News Round Up – 15.06.24

Date: July 8, 2024

Weekly Property News Round Up – 15.06.24

Date: July 8, 2024

Labour’s Victory in the 2024 UK Elections: Implications for the Property Investment Market

Date: July 5, 2024

Dubai Weekly Property News Round Up – 08.06.24

Date: June 11, 2024

Weekly Property News Round Up – 08.06.24

Date: June 11, 2024

Dubai Weekly Property News Round Up – 01.06.24

Date: June 11, 2024

Weekly Property News Round Up – 01.06.24

Date: June 11, 2024

The 5 Best Areas For Student Property Investment In Leeds

Date: June 11, 2024

19 Property Investment Tips For Beginners

Date: June 11, 2024

Dubai Weekly Property News Round Up – 25.05.24

Date: May 29, 2024

Weekly Property News Round Up – 25.05.24

Date: May 29, 2024

The Impact of Major Events on Property Demand

Date: May 22, 2024

calculating roi

How To Calculate Buy-To-Let ROI

Date: May 21, 2024

best student areas in nottingham

The Best Areas For Student Property Investment In Nottingham

Date: April 24, 2024

blog post banner graphic

The Best Areas For Student Property Investment In Liverpool

Date: April 5, 2024

off plan property dubai blog graphic

Off-Plan Property Dubai: An Investor’s Pocket Guide

Date: April 5, 2024

best area for student property manchester graphic

The Best Areas For Student Property Investment In Manchester

Date: February 23, 2024

best buy to let areas in bolton graphic

The Best Buy-To-Let Areas In Bolton

Date: February 13, 2024

best buy to let areas in burnley graphic

The Best Buy-To-Let Areas In Burnley

Date: February 13, 2024

The Best Buy-To-Let Areas In Preston

Date: November 28, 2023

The Best Buy-To-Let Areas In Sunderland

Date: November 28, 2023

Recent Posts

Weekly Property News Round Up – 20.07.24

Date: July 26, 2024

Dubai Weekly Property News Round Up – 13.07.24

Date: July 16, 2024

Get in touch with us by clicking below and submitting an enquiry.

if you have any questions or would like to inquire about our services, please click on the “Contact Us” button below to be redirected to our contact page. Our team is dedicated to providing exceptional customer service and will do their best to assist you with any inquiries you may have.