Low cost, off-plan properties with attractive payment terms have helped to drive transactions up by 24 per cent so far this year.
That's according to data by Property Finder, which showed more than 18,800 sales of units priced under AED 1.5 million, between January and September of this year.
The softening of prices across the real estate market is proving popular for budget-conscious investors.
The secondary market, however, saw more sales of properties priced at over AED 5 million.
Abu Dhabi Airports welcomes 6.9 million passengers in three months
More than 6.9 million passengers travelled through the Abu Dhabi Airports' network during the first quarter of 2024, marking a 35.6 per cent surge compared to the same period last year.
ByteDance denies media report of plan to sell TikTok
ByteDance has no plan to sell TikTok, the company's official account said in a statement posted on Toutiao, a media platform owned by the China-based firm.
Photos: UAE’s first operational vertiport unveiled in Abu Dhabi
The UAE's first operational vertiport for vertical take-off and landing aircraft (eVTOLs) has been unveiled in Abu Dhabi.
France's air traffic control strikes ground flights across Europe
Delays and flight cancellations were set to impact swathes of Europe on Thursday, after authorities failed to reach a deal with some French air traffic control workers to avert a strike.
Blinken to meet businesses in Shanghai as he kicks off tough China trip
US Secretary of State Antony Blinken will meet business leaders in Shanghai on Thursday as ties between Washington and Beijing stabilise, pushing to resolve a raft of issues threatening the newly gained equilibrium between the rivals.
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Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.
John Lyons of Espace Real Estate says there is a slight slowdown in the property market during summer. So we asked him, does this mean prices are negotiable during the summer months?
Lawyer Rebecca Kelly of Clyde & Co. explained why UAE judicial authorities are setting up new offices to deal with financial crime, including money laundering.
Airalo - an eSim company disrupting telco's roaming revenues, has raised $60 million in funding including investment from our own e&.
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.
