Residential property sales in Dubai soar in 2024, and more updates

For PropertyGuru’s real estate news roundup, Dubai’s residential property sales rose 25.3 percent to over AED155.73 billion (USD42.5 billion) in 2024. In other headlines, here’s what to expect from Singapore’s interest rate movements for the rest of 2025. Lastly, HubSpot announced the launch of its first data centre in Australia.

Dubai real estate: Resale market hits USD42.5 billion in 2024, unveiling the priciest villas, apartments, and townhouses

Home sales for residential property sales rose 25.3 percent to over AED155.73 billion (USD42.5 billion), according to a new report from Metropolitan Premium Properties. Despite global economic uncertainty, Dubais’ resistant real estate market remains attractive to domestic and international investors. Svetlana Vasilieva, Head of Secondary Sales at Metropolitan Premium Properties, said in PropertyNews.ae: “Dubai’s real estate market has once again outperformed expectations and 2024 was no exception. The data shows a dynamic and evolving market with strong demand for ready-to-move-in properties. This shift towards secondary sales reflects the increasing preference for immediate occupancy and the desire to capitalize on the current market conditions.” The most expensive transactions from 2024 were also recorded.

Will Singapore’s interest rates for home loans go down in 2025?

“Will interest rates go down in 2025?” and ‘Will Singapore home loan rates fall?” are the two big questions Singaporean homeowners want to know. And the answer to both questions is a likely yes. Mortgage rates in Singapore tend to move in tandem with the US Fed interest rate, which was cut three times from September to December 2024. In the latest meeting on 29 January 2025, the Fed kept the interest rate unchanged in the 4.25 percent to 4.50 percent range and said there would be no rush to cut them again until inflation and jobs data made it appropriate. According to PropertyGuru Singapore, here’s what to expect from Singapore’s interest rate movements for the rest of 2025.

HubSpot opens first Australian data centre in Sydney

HubSpot has announced the launch of its first data centre in Australia as part of its efforts to provide local businesses with enhanced product performance, reliability, and data sovereignty. The newly launched data centre in Sydney will enable companies to host their data onshore, ensuring that HubSpot customers benefit from enhanced regional product performance, greater reliability, and improved compliance capabilities. This move is to assist businesses, particularly those in regulated sectors, to comply with Australia’s stringent data residency requirements. Dan Bognar, Vice President and Managing Director JAPAC at HubSpot, stated in DataCenterNews Asia, “Australian businesses of all sizes need uncompromising performance…. Our local infrastructure demonstrates our long-term commitment to helping businesses across the region grow better.”

The Property Report editors wrote this article. For more information, email: [email protected].