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The emirates attracted more excessive net-worth individuals than any European tax haven in 2023. In specific, the profitable launch of Palm Jebel Ali and Palm Jumeirah’s enduring attract showed the ongoing reputation of waterfront residences, whilst branded residences additionally remained in demand. The variety of new properties handed over in 2023 was comparatively unchanged from the previous year Real Estate News, failing to maintain up with the pace at which Dubai’s inhabitants is expanding. This supply-demand imbalance has put strain on rents, leading to Betterhomes observing a 24 per cent improve in the average rental price. We see extra tenants opting for lease renewals, leading to a surge in tenant retention rates and record-breaking occupancy ranges.

  • We also reference original research from different respected publishers where appropriate.
  • “Decoded” columns designed to assist you decode the advanced world of residential real estate, from Agents to the Housing Market to the Industry as an entire.
  • With a rising variety of millionaires and billionaires keen to purchase a house in Singapore, our writers make certain to not solely snag interviews with the rich and famous, but additionally the builders of the latest new launches in Singapore.
  • REM is independently owned and operated, and isn’t affiliated with any real estate affiliation or board.
  • After dealing with a wave of challenges following the Covid-19 pandemic, India’s real estate sector has registered strong progress with an enormous uptick in demand.