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News – Page 11

145 articles in News

AED 3 Billion Luxury Home Development Revealed on Ras Al Khaimah's Al Marjan Island
Feb 19, 20263 Min

AED 3 Billion Luxury Home Development Revealed on Ras Al Khaimah's Al Marjan Island

The UAE real estate market has once again placed Al Marjan Island in Ras Al Khaimah at the forefront. With the launch of a luxurious AED 3 billion development, Abu Dhabi National Hotels (ADNH), a group with over 50 years of experience in the hospitality industry, has made its first significant foray into the emirate's residential real estate market. The Residences at Nasim Al Bahr , a project under Marriott International's global Luxury Collection brand, seeks to set a new standard for coastal living. Premium Coastal Living Starts at AED 3.44 Million A range of villas, townhouses, apartments and penthouses with distinctive waterfront views are part of the Nasim Al Bahr project. Targeting investors looking for branded homes with upscale hospitality services, unit prices start at AED 3.44 million. An Important Step for ADNH Outside of Abu Dhabi Despite having a significant presence in hotel management throughout Abu Dhabi and Dubai, this is ADNH's first foray into residential development in Ras Al Khaimah. The project is "a milestone in the company's growth path," according to Sheikh Ahmed Mohammed Sultan Surour Al Dhaheri, Vice Chairman of ADNH, who also stated that the group wants to demonstrate its vast hospitality experience in

DAMAC and Chelsea Partner to Launch Dubai’s First Football-Themed Luxury Homes
Feb 19, 20263 Min

DAMAC and Chelsea Partner to Launch Dubai’s First Football-Themed Luxury Homes

An international partnership has been announced between Chelsea Football Club and DAMAC Properties, one of Dubai's most well-known luxury real estate developers . Chelsea FC's official brand will be used to launch Dubai's first football-themed residential complex as part of this partnership. Maritime City's Chelsea Residences Are Unveiled The DAMAC-named Chelsea Residences project, which will have more than 1,400 opulent sea-view apartments, is situated in the burgeoning Maritime City neighborhood. The Chelsea lifestyle, sports, and wellness will all be incorporated into the development's design. The Chelsea brand will be "interwoven" into every facet of the project, including concierge services, professional sports facilities, and custom lifestyle amenities for residents, according to DAMAC. DAMAC Logo to Feature on Chelsea’s First Team Kit The deal stipulates that the Chelsea men's first team uniform will bear the DAMAC logo for the balance of the 2024–2025 campaign. The UEFA Europa Conference League semi-final is when the jersey is expected to make its debut. Blending Chelsea’s Legacy with a Luxury Lifestyle Amira Sajwani, Managing Director of Development and Sales at DAMAC, commented: “This launch marks the first of an elite collection that celebrates not just the passion of Chelsea FC but its enduring legacy, innovative spirit

Dubai’s Millionaire Population Surpasses 81,000
Feb 19, 20263 Min

Dubai’s Millionaire Population Surpasses 81,000

At a startling rate, international capitalists are drawn to Dubai, a glitzy destination for those seeking wealth worldwide. A recent report by Henley & Partners claims that there are now 81,200 millionaires in Dubai . Twenty of them are billionaires, and 237 of them are centi-millionaires, with assets exceeding $100 million. These numbers demonstrate how Dubai has become one of the major centers of wealth in the world. Dubai: Its Rise Among the World's Richest Cities Dubai climbed three notches to be ranked 18th among the world's wealthiest cities in the 2025 report. From 2014 until 2024, the millionaire population of the city increased by 102%, putting it in the company of Chinese cities such as Shenzhen (142%) and Hangzhou (108%), and ahead of the San Francisco Bay Area. Millionaire Population Expected to Quadruple by 2035 Dubai is set to become one of the fastest-growing centers of capitalism globally. It is said that the number of millionaires in the city will be more than quadruple by 2035. The zero taxes on income and capital gains are considered a major lure for global investors. Investment Migration Strategy: A Tool for Global Wealth Expansion Dominic Volek, Head of Private Clients at Henley

Dubai Real Estate Market Hits Historic Record in Q1 2025; AED 142.7 Billion in Sales
Feb 19, 20262 Min

Dubai Real Estate Market Hits Historic Record in Q1 2025; AED 142.7 Billion in Sales

Dubai’s real estate market has once again drawn interest from both local and international investors due to breaking yet another historical record. A new report by Property Finder indicated that 45,474 real estate transactions were recorded for a total of AED 142.7 billion in the first quarter of 2025, demonstrating a 22% increase in the number of transactions with a total increase of 30% in transaction value compared to the exact period last year. Impressive Growth in the Ready Property Sector The ready segment of Dubai's real estate market has grown at the fastest rate of any segment, with 20,034 transactions totaling AED 87.5 billion in the most recent quarter. Many Dubai residents are pursuing home ownership as a result of rising rental costs, suggesting a gradual but noticeable shift from renting to owning. Sustained Dominance of Off-Plan Projects The market was still dominated by off-plan developments. This segment accounted for 56% of the total market in Q1 2025, with 25,440 transactions totaling AED 55.2 billion, a 24% year-over-year increase. Remarkable Surge in Abu Dhabi Real Estate In conjunction, the ready property sector also experienced an exceptional jump in the Abu Dhabi real estate market . Abu Dhabi saw 2,496

Women invested AED 32.13 Billion in the Dubai Real Estate Market in 2024
Feb 19, 20263 Min

Women invested AED 32.13 Billion in the Dubai Real Estate Market in 2024

According to the report from Majida Ali Rashid, who is the Director General - Real Estate Development Market at the Dubai Land Department (DLD), Women invested AED 118 billion (USD equivalent to AED 32.13 billion) in the Dubai real estate sector in 2024. This is made up of more than 50,979 real estate transactions and represented 34% of all Dubai real estate investors. Women: Important role players in Dubai's future vision Majida Rashid underscored the increasing importance of women in long-term investing, suggesting that with business acumen and leadership skills, women are a crucial partner in realizing Dubai's economic and social objectives, in line with the D33 Economic Agenda and the 2033 Real Estate Strategy. DLD Programs to Inspire Female Investors The Dubai Land Department has established multiple initiatives to aid and better facilitate women in real estate. These initiatives include: Real estate advisors program: implementing over 1,000 women into real estate. Real estate brokers program: this increased women's roles in brokerage. Discover financial options , trainings, and support for both women entrepreneurs/owners. Awareness Campaigns: with emphasis on personal confidence and capability of investment decisions related to properties. IPS 2025 Launch Delivers Insights on Future of Urban Infra The International

Dubai Property Prices Set to Rise 5–10% in 2025 Amid Investor Demand
Feb 19, 20263 Min

Dubai Property Prices Set to Rise 5–10% in 2025 Amid Investor Demand

The Dubai real estate market is expected to see a gradual upward trend in 2025. Expect property prices to increase 5 to 10 percent. The growth is due to the expectations of more than 72,365 residential units scheduled to be delivered as well as an increase in investor interest in the real estate market for the long-term. The Attraction of Long-Term Investment in Dubai Springfield Properties' most recent report revealed that the attractiveness of Dubai as an investment option is continuing to rise. Farooq Syed, Chief Executive Officer of Springfield Properties, commented: "As we progress through 2025, the market is poised to offer further opportunities, driven by innovative developments and policies that continue to attract both regional and international investors seeking stable and lucrative returns" Off-plan Projects were Key Dubai’s real estate market surged in Q1 2025, with 42,269 transactions worth a total of AED 114.08 billion (23.11% and 29.19% year-on-year increases in transactions and transaction values). Off-plan projects were instrumental in this regard, comprising 24,920 transactions (up from 20,006 from the same quarter last year). Boom in the Ready Property Market Ready properties also experienced a boom. The value of all transactions for ready properties increased from AED 43.9

Dubai to Host World's Largest Real Estate Technology Event in 2026: PropTech Connect
Feb 19, 20263 Min

Dubai to Host World's Largest Real Estate Technology Event in 2026: PropTech Connect

Dubai, the city that is always a step ahead of innovation and development, has made news again. On Sunday, the Dubai Land Department (DLD) has revealed that the emirate will host " PropTech Connect 2026 ", which is the world's biggest PropTech (Property Technology) conference and exhibition. A Tech and Real Estate Summit in the Middle East This is a milestone event that will bring together top industry players, top investors, and top PropTech participants from around the world. The main theme of talks and displays will be centered around the latest trends in areas such as: New age digital solutions Applications of Artificial Intelligence (AI) in real estate Blockchain technology Big data analytics These technologies play a key role in shaping the future of the real estate sector worldwide and improving the property buying experience in Dubai . Why This Event Is Important to Dubai Marwan Ahmed bin Ghalita, Director General at the Dubai Land Department, renewed that hosting PropTech Connect 2026 is actually a reflection of Dubai's serious commitment to building a smart, technologically driven real estate ecosystem. The move will be in line with Dubai's "Real Estate Sector Strategy 2033." In bin Ghalita's opinion, the event is

Millionaires Are Moving from the UK to Dubai and Abu Dhabi
Feb 19, 20265 Min

Millionaires Are Moving from the UK to Dubai and Abu Dhabi

Recent changes in the UK's tax regulations have driven the country’s wealthy individuals to invest in the United Arab Emirates (UAE) . Experts warn that to prevent London from becoming a second-tier business and investment hub, the UK government must fully revoke its controversial tax policies. Otherwise, the Labor Party’s current approach could accelerate the departure of high-net-worth individuals (HNWIs) from the country. UAE: A Safe Haven for the Wealthy Britons With wealth jetting out of the UK, Dubai and Abu Dhabi brace for more British millionaires than ever before. Experts believe that any change in foreign income tax laws by the Labour Party, if it ever comes by, will not serve to mitigate the trend. Some analysts argue for the attraction and retention of capital in the UK in the light of international political developments, leading to greater demands for a complete rollback of these tax policies. Reforming Foreign Income Tax Laws Recent comments by UK Chancellor of the Exchequer Rachel Reeves suggested possible reforms to foreign income tax laws, particularly regarding the "Temporary Return Facility." Originally set for implementation from April 2025 for a period of three years, this transitional measure would allow non-residents to transfer their foreign

New Base Salary Requirement for Golden Visa: Experts Weigh In
Feb 19, 20264 Min

New Base Salary Requirement for Golden Visa: Experts Weigh In

According to a recent Khaleej Times report , immigration experts and rejected Golden Visa applicants in the UAE are highlighting new financial prerequisites. The Golden Visa, a long-term residency permit, now mandates a minimum monthly base salary of 30,000 AED. This figure excludes additional benefits like housing and transportation, which were previously part of the eligibility calculations. Given the rising cost of living in the UAE, especially skyrocketing property prices in dubai , these changes may present financial challenges for applicants. Exclusion of Benefits from Minimum Salary Calculations Noufissato Moujidi, Senior Manager at Dubai-based immigration consultancy Fragomen, explains, "The eligibility requirements for the UAE's Golden Visa have changed. Previously, applicants under the ‘Scientists and Specialists’ category needed a gross salary of at least 30,000 AED per month, including benefits. Now, the requirement strictly applies to a 30,000 AED base salary without considering any additional allowances. " New Restrictions for Qualified Professionals This amendment does not appear to be applied to qualified professionals who would" have" fulfilled the previous threshold with allowance for the aggregate compensation package," The visa changes were confirmed by an official customer service representative of the ICP and the yet-to-be-determined qualification requirements for Golden Visa status. In

Increase in Luxury Property Sales in Dubai; Listings Decline as Demand Outpaces Supply
Feb 19, 20264 Min

Increase in Luxury Property Sales in Dubai; Listings Decline as Demand Outpaces Supply

In the third quarter of 2024, luxury real estate listings in Dubai saw a decline as supply continued to lag behind demand. A significant decrease in the supply of luxury properties along with an increase in buyer demand, especially in popular areas such as Palm Jumeirah, has caused prices to rise sharply. This report examines this trend in more detail and analyzes the factors affecting it. Significant Decline in Transactions in Dubai's Luxury Areas In the city’s prime districts, 400 transactions were recorded in Q3 2024, compared to 489 transactions in Q3 2023. This highlights a reduction in the number of homes available for sale across the city. When comparing Q3 2024 with the same period in 2023, there was a 52% decline in listings across four of the most desirable areas. This suggests that supply has not been able to keep pace with the speed at which properties are being sold. Sharp Decline in $10 Million+ Property Listings Knight Frank reports a significant drop in properties listed for over $10 million, from 3,316 listings in Q1-Q3 2023 to just 1,622 listings in the same period in 2024. However, 92 transactions valued at $10 million or more were signed in

Introducing Beyond: Omniyat's New Luxury Brand in Jumeirah
Feb 19, 20265 Min

Introducing Beyond: Omniyat's New Luxury Brand in Jumeirah

Omniyat, a prominent real estate development group, has announced the launch of a new luxury brand called Beyond . This exclusive brand will focus on the larger luxury real estate market, catering to modern, high-end lifestyles with a blend of innovation and sophistication. As part of this strategic move, Omniyat is introducing an 11-million-square-foot project on the serene Jumeirah waterfront, with 8 million square feet dedicated to Beyond. This ambitious development signifies Omniyat's continued commitment to reshaping Dubai’s luxury real estate landscape, with a focus on crafting sophisticated urban living experiences. Beyond: A New Era of Modern Luxury Real Estate Beyond, Omniyat's latest venture, aims to redefine luxury living by targeting a broader segment of the upscale property market. This brand will leverage Omniyat's vast global network of talent and resources to transform urban living. The focus of Beyond will be on modern lifestyles, ensuring that homes are crafted with excellence, innovation, and a deep understanding of contemporary living. Strategically located on the tranquil Jumeirah waterfront, the development will showcase a visionary approach to urban planning. This location, combined with Beyond’s focus on luxury, is set to create an unmatched residential experience where nature, innovation, and elegance seamlessly converge. Strategic

Growth of Dubai’s Off-Plan Market in 2026; Why Under-Construction Projects Remain Ahead
May 17, 20265 Min

Growth of Dubai’s Off-Plan Market in 2026; Why Under-Construction Projects Remain Ahead

The real estate market in Dubai has witnessed one of the fastest trends in market growth within the region in recent times. Within this market, under-construction properties, commonly called off-plan properties, have been at the heart of property transactions and have been instrumental in drawing both domestic and foreign investors into the market. As per reports published in January 2026, the proportion of new projects in the property market of Dubai is not only expected to continue its trend this year but is also likely to increase. This trend may well shape the investment market in 2026 particularly for individuals who are in search of a guide that will help them purchase an Off-plan Properties in Dubai and enter this market with an informed and analytical approach. Share of Under-Construction Projects in Dubai’s 2025 Property Transactions According to official statistics, in 2025: More than 70% of Dubai’s residential transactions involved under-construction properties. The statistics provided by Betterhomes indicate that: 65% of the total number of transactions 53% of the total market value were dedicated to off-plan properties. This shows that investors are preferring to invest in projects during their initial stages in order to enjoy a price increase upon completion,

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