In 6 years, Mounir Redjdal has conquered the real estate market in Dubai.
In 2017, Mounir Redjdal founded DRN | Dubai real estate. After more than 15 years of experience in the real estate sector in the Middle East, this young entrepreneur has developed deep experience in this field, as well as solid know-how as an investor in this city.
NDR | Dubai Real Estate operates in Dubai as a fully licensed real estate consultancy. In order to meet the expectations of a demanding clientele, the teams are committed to providing high-quality services to developers of real estate projects, whether they are local or international buyers or investors. To do this, Mounir Redjdal relies on the strength and dynamism of around thirty employees who speak a wide variety of languages, in order to help investors achieve their goals.
Dubai Real Estate’s expertise encompasses three key activities: the pre-construction real estate market also called Vefa or off-plan property sales (widespread in the United Arab Emirates), the secondary market, and rental management. The agency accompanies both experienced investors and novices in the real estate sector, at all stages of the acquisition project, from the purchase to the rental of real estate.
Investing in Dubai: a buoyant market, as innovative as it is ambitious
Located in the United Arab Emirates, Dubai is known for its ambitious real estate projects, with iconic skyscrapers, luxury residences, sophisticated residential and commercial complexes, and high-end residential communities. The Dubai real estate market is dynamic and attracts national and international investors. It offers a wide range of properties, from luxury apartments to beachfront villas, with world-class amenities and an exclusive lifestyle.
The recent openings of monumental projects, valued at billions of dollars, will radically transform the landscape of the United Arab Emirates and propel the country even higher in the global ranking of competitive tourism. The real estate sector in the Emirates is experiencing an unprecedented boom thanks to these innovations, which include an indoor garden, the largest urban park, canals, the world’s largest wave pool, an elevated cycle path, an exceptional walk through the mangroves, and many more. These projects extend throughout the country, extending the coastline and incorporating large green spaces.
These gigantic projects, worth several billion dirhams, will meet the needs of a growing population and contribute to the sustainability of the country’s real estate market. It can be said that the real estate market in Dubai is experiencing a real renaissance. In fact, the unveiling of these multi-billion dollar projects is reminiscent of the launch of projects like Emirates Hills, Palm Jumeirah and others two decades ago.
In May 2023, the Dubai real estate market experienced exceptional growth, confirming the upward trend observed since the beginning of the year. Foreign investment continues to play a key role, accounting for more than 60% of transactions and underlining the city’s enduring appeal as a destination in its own right for real estate investment.
Property sales increased significantly in May, while the rental market also showed signs of growth. A dynamism that DRN | Dubai real estate
NDR | Dubai Real Estate: sales up more than 75%
NDR | Dubai Real Estate stands out today as a key player in the Dubai real estate market. In May 2023, the real estate consultancy saw the number of its real estate transactions grow by 75.9% compared to May 2022, with a total of 11,757 sales. The value of sales increased by 87% to reach 34,200 million dirhams (about 8,500 million euros).
In detail, apartment sales increased significantly to 88.4%. Although the number of sales of villas fell slightly with -7.6%, the price of these villas increased by 25%. Meanwhile, land transactions rose impressively at +233%, while retail sales soared 109%.
As for rentals in Dubai, there were also increases in May 2023. Apartment rentals registered an average growth of 11.7% and villa rentals increased by 33.3%. While the city as a whole is experiencing some dynamism, the most active districts in terms of sales are Dubai Marina (1,245 transactions as of May 2023), Jumeirah Circle Village (JVC) (1,187 sales) and Business Bay (665 sales).
Rising prices, increasing transaction volumes and the continued attraction of foreign investors are evidence of a robust and ever-expanding real estate market. With impressive statistics as of May 2023, Dubai retains its status as a major destination for high-end real estate investments globally.
This content was produced with AGENCE DELTA. The BFMBUSINESS editorial team was not involved in the production of this content.
Source: BFM TV
