I hope you have had a wonderful week. At Track Capital, we have been discussing the locations in Dubai that provide a well-balanced lifestyle, with great access to the city and yet also offering space and parkland for families to enjoy.
We have an excellent example of this type of premium development that is also incredibly close to completion. Please reply to this article if you would like to learn more.
Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you from having to click through.
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Property Headlines This Week
- Dubai Holds Its Place as World’s Most Popular Destination – The Traveller’s Choice Awards has now voted Dubai as ‘The Best of the Best Destinations’ for two consecutive years after London – something that no other destination has ever achieved. The award uses a combination of data to determine the overall winner, such as ratings for accommodation, the quality of attractions and ease of travel. By winning over some of the world’s most coveted destinations, it is evident that Dubai has received unparalleled traveller reviews throughout all of its tourism sectors.
- Highest Number of Property Transactions in 2022 Goes to Business Bay – Last year was an incredible time for Dubai real estate, complete with a record-breaking 122,658 sales transactions worth Dhs528bn and a steep upward trajectory for both apartment and villa prices. According to the Dubai Media Office, Business Bay was the area that recorded the highest number of real estate transactions in Dubai last year, with 10,853 transactions. Popular areas such as Dubai Marina, the Burj Khalifa & Palm Jumeirah also recorded particularly strong transaction numbers in 2022.
- Real Estate Leaders Promote Property Investment in the UAE – At the AB UAE conference on Thursday, leading real estate experts had the chance to weigh in on their outlook for the Dubai property market. The overwhelming consensus? You can rarely make a mistake while buying property in Dubai. According to the likes of Ellington Properties’ co-founder and the vice chairman of DarGlobal, individuals looking for a long-term stay in Dubai will find real estate investment a solid move that will see buyers reap the rewards for years to come as the city continues to transform.
That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected] – if not, see you next week.