Blogs
Blogs
Read blog postings and commentary from the Black Code Properties.
Tarrad Developments
- Exclusive New Project Launch in Dubai
Launching Soon - Limited Units! Secure Your Unit with Just AED 50k EOI
- Studio: 340 sq. ft. – Only AED 490k
- 1 Bedroom: 550 sq. ft. – From AED 790k
- 2 Bedrooms: 800 sq. ft. – Starting at AED 1.1M
53 new real estate projects with 12,000 units to be launched in Dubai in January 2025
- Dubai's real estate market witnessed the launch of 53 new projects by 37 developers in January, comprising more than 12,400 units, according to a report by Property Monitor. Residential apartments dominated the market, accounting for 86.7%, while townhouses and villas made up 11.6% and 1.7%, respectively.
- The off-plan market remains strong, with over 250 additional projects in the planning phase. In terms of pricing, the AED 2 million to AED 3 million range saw the fastest growth, reaching 21.6% of the market, driven by projects such as Damac Sun City, Celia, and Seera. Conversely, the AED 750,000 to AED 1 million segment declined by 4.7%.
- Overall, properties in the AED 1 million to AED 3 million range accounted for 52.8% of the market, while lower-priced properties under AED 1 million dropped to 24.9%, and high-end properties above AED 3 million rose to 22.3%.
Dubai real estate sales reach AED 14 billion in 19 days
- Real estate sales in Dubai reached AED 14 billion during the first 10 days of March, recording AED 13.98 billion, after 4,544 transactions were completed. From the beginning of the month until the end of trading yesterday, 3,658 residential unit sales transactions were recorded. The total number of buildings sold reached 461, in addition to the sale of 425 plots of land.
Emaar launches "Grand Polo Club & Resort" in Dubai Investments Park 2
- Luxury villas and townhouses with modern designs, surrounded by lush greenery and world-class Equestrian facilities. Exclusive, tranquil lifestyle at attracitve prices !
- Dubai’s rental market is evolving with changing tenant preferences and regulatory updates. Community living, flexible leasing, and metro access are key factors. Freehold property reforms boost investor confidence, while RERA’s updated rent index enhances price transparency. The Nakheel-Meydan merger expands the residential portfolio, with technology and sustainability shaping the future of rentals amid Dubai’s growing population.
- Dubai’s service charges are expected to rise by up to 10% in 2025 due to higher maintenance, utility, and district cooling costs. Older buildings require more upkeep, pushing fees higher, while newer developments may see smaller increases. Landlords may raise rents to offset these costs, depending on demand and RERA regulations. While service charges influence buyers, factors like location and ROI remain key. The trend reflects inflation, rising facility management costs, and regulatory compliance impacting overall property expenses.