At Morka Real Estate, we are thrilled to report on the latest figures from the Dubai real estate market, which has seen a phenomenal week with transactions totaling over AED15.9 billion ($4.3 billion). This represents a significant increase of nearly $500 million compared to the AED15.45 billion recorded the previous week. Such robust growth underscores the dynamic and lucrative nature of Dubai's...
Many investors have profited from buying and selling property in Dubai, and forecasts of growth up to 7% in 2024 demonstrate the sector’s potential. Anyone looking to buy real estate in Dubai may take in the figures and see no impediment to their immediate involvement. However, as with any financial commitment, the most profitable time to buy or sell Dubai property is reliant on several factors....
The International Monetary Fund (IMF) has forecasted an uptick in economic growth across the Arab region for 2024, showing an improvement from the prior year’s performance. Speaking with the WAM national news agency before the World Governments Summit (WGS) 2024 and its Eighth Arab Fiscal Forum, IMF Managing Director Kristalina Georgieva highlighted that the Middle East’s total GDP is expected to...
In a standout performance, Dubai’s prime residential market soared by 17.4% in 2023, outpacing the global city average of 2.2% growth, as reported by Savills. This remarkable growth positions Dubai and Sydney as the leading cities for prime residential property growth in the upcoming year, driven by their expanding affluent populations. Savills projects a continued growth trajectory for Dubai, with...
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