Dubai is known for its countless, extravagant and luxurious mega-projects. It houses the world's tallest building, the world's largest shopping mall, the largest indoor ski center, as well as the ever-famous Palm Jumeirah.

In recent weeks, the well-known developer Nakheel announced its latest project - a 300-meter exclusive residential tower called Como Residences on the Palm Jumeirah. It has often been rumored what might be built on this empty sandy lot next to the Shoreline buildings on the Palm Jumeirah trunk. We were told by security that a new "Shoreline building" was being built here and that this would be announced very soon. As it now turns out, this was not quite true. 😉 This new tower is to be the tallest building on the Palm Jumeirah.

The real estate market figures for the first quarter of 2023 are once again exceptional. The trend established in 2022 has been largely confirmed and even accelerated in the first quarter of 2023.

The volume of sales increased by more than 60%

Official statistics from the Dubai Land Department show an impressive increase in sales volume in the first quarter. The total value of transactions registered in the first quarter exceeds CHF 22 billion (88.7 billion dirhams). This represents an increase of over 60% compared to the first quarter of 2022. As a reminder, 2022 was already one of the record years!

After buying a property, it doesn't take long before you are contacted by supposed real estate specialists who would like to sell the property and also already have a potential buyer - which is often not true at all.

You wonder from where real estate agents get your personal contact information, such as cell phone number or e-mail address?

Review of the year 2022

According to Property Finder's latest Zeitgeist 2022 Report, the Dubai real estate market experienced another record-breaking year in 2022. By November 2022, over 88,000 sales were recorded with a total value of AED 83 billion. The value of off-plan transactions accounted for 44% of the total. (In the previous year, the approximately 60,000 transactions reached AED 44 billion).

The most sought-after villa and residential districts were Palm Jumeirah, Downtown Dubai, Jumeirah Village Circle (JCV), Jumeirah Beach Residences (JBR), Jumeirah Lake Towers (JLT), Dubai Hills Estate, Arabian Ranches, DAMAC Hills, The Springs and Mohamed Bin Rashid City.

When buying a property, you always hear how important the location of the property is.
But how important is it really?

For us a clear -VERY IMPORTANT!

Now, nevertheless, just still summer vacations were and now is already soon again Christmas. Here in Dubai, the weather and the sea are slowly becoming more pleasant. With the pleasant weather you also meet more tourists and investors.

In the last months the global economic climate has changed drastically. In light of this, Dubai remains a popular option for international investors with its business-friendly initiatives and economic stability. The Dubai real estate market achieved its strongest sales quarter in more than 10 years from July to the end of September, setting another record in the process by recording the highest sales value ever for both a villa and an apartment.

Nakheel, the developer best known for building the famous Palm Jumeirah, has announced another project - the Dubai Islands project. The project, formerly known as Deira Islands, is in line with the Dubai Master Plan 2040.

The project consists of 5 islands - Central Island, Shore Island, Golf Island, Marina Island and the Elite Island. Each island will have its own unique offer of various beach clubs, recreational, sports and cultural activities. In addition, there will be about 21 kilometers of beach, various parks, green areas and golf courses.

I, Cynthia, have been living in Dubai for two years now. Many of our clients as well as friends, acquaintances and relatives ask me again and again what I miss from Switzerland and how life is especially as a 'blonde' woman in an Arab country.

I am happy to share my impressions of my life as an expat in Dubai.... Have fun! 😉

Real Estate Market Dubai Q2 2022

Temperatures are rising, the sea is getting warm and there is no cooling in sight even in the evening - so here's to air conditioning!

Half a year has already passed and the real estate sector in Dubai continues to break records in terms of sales and transactions. With almost 43,000 sales transactions whose total value exceeded almost AED 115 billion, this is the strongest performance of the first half of the year since June 2009.