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145 articles in News

First AI Mortgage Chatbot on WhatsApp Unveiled at Dubai AI Week 2025
Feb 19, 20263 Min

First AI Mortgage Chatbot on WhatsApp Unveiled at Dubai AI Week 2025

The Dubai-based real estate technology firm Huspy introduced the first artificial intelligence mortgage chatbot to Gulf Cooperation Council (GCC) customers throughout Dubai AI Week 2025. The chatbot operates through WhatsApp yet serves UAE and global property buyers by accelerating mortgage application procedures under the name Huspy.ai. A Smart Tool for a New Homebuying Experience A Smart Tool for a New Homebuying Experience Huspy.ai offers services such as: Real-time updates on current market interest rates Simultaneous comparison of mortgage offers from various UAE banks Intelligent eligibility assessment for users Comprehensive guidance on required mortgage documentation This innovation significantly streamlines the decision-making process for property buyers, making it faster, simpler and more accurate. It is designed to increase transparency, reduce costs, and enhance efficiency in the initial stages of the mortgage journey. Especially for those planning to buy property in Dubai , this tool can make the banking and loan acquisition process far more transparent and accessible. Aligned with the UAE's Vision for Digital Innovation Jad Antoun, CEO and co-founder of Huspy, stated at the launch: “At Huspy we are on a mission to radically transform the home buying journey, simplifying every step for the users with technology and innovation. Our AI

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

Rising Property Prices in Ras Al Khaimah: Investment Opportunity or Buyer Beware?
Feb 19, 20263 Min

Rising Property Prices in Ras Al Khaimah: Investment Opportunity or Buyer Beware?

By 2025, Ras Al Khaimah's real estate market has become one of the hottest markets for investing in the United Arab Emirates. Property experts say that the prices of off-plan units in the emirate have increased between 15% to 20% recently, clearly indicating the ever-widening gap between supply and demand. Explosive Investment Activity in Ras Al Khaimah: From Wynn Al Marjan to Airport Improvements While there are many drivers of this market boom the scale of the Wynn Al Marjan Resort project—the region's first integrated with a licensed gaming facility, expected to open in 2027—is likely to be one of the largest single drivers of increased tourism, hospitality and real estate in Ras Al Khaimah - at approximately $3.9 billion! We have also experienced significant investor interest with the pending expansion of Ras Al Khaimah International Airport, upgrades in urban infrastructure, and a projected population growth to around 650,000 by 2030. We all Want Our Sale to Actually Close BNW Development's founder Ankur Aggarwal explains the 15% to 20% price increase of off-plan properties comes from increased demand and lower supply. He warns prospective buyers: The rapid sell-out of many projects in Ras Al Khaimah underscores the strong demand in

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

Why Should You Invest in Dubai's Commercial Real Estate Market?
Feb 19, 20265 Min

Why Should You Invest in Dubai's Commercial Real Estate Market?

In the past few years, Dubai's commercial real estate sector has become one of the most dynamic and lucrative sectors in the Middle East. With its strategic geographical positioning, smart tax policies, impressive infrastructure, and consistency in economic growth Dubai has become an enticing destination for investors, both locally and internationally. As a global business and trade centre, Dubai offers investors a wide range of opportunities in the form of office space, commercial complexes, industrial real estate, and free trade zones, which do not have the same opportunities in the Middle East. Long-Term Growth with the D33 Economic Vision The Dubai government has provided a detailed roadmap for economic growth and infrastructure development in Dubai, through the Emirates 2033 Economic Agenda (D33). The D33 is directed at providing broad opportunities for investment in commercial real estate, focused around technology, logistics, and financial services. In 2024 there were more than 70,000 new members of the Dubai Chamber of Commerce, representing a 3% increase over 2023. This growth has created requirements for office space, industrial space, retail space and co-working in core areas throughout Dubai. Key Reasons to Invest in Dubai's Commercial Real Estate These are some of the leading reasons Dubai

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

The Growing Appeal of the UAE Golden Visa Amid Global Market Volatility
Feb 19, 20263 Min

The Growing Appeal of the UAE Golden Visa Amid Global Market Volatility

As global markets continue to react to a surge in economic tensions amplified by new tariffs initiated by Donald Trump, an increasing number of foreign investors are taking a closer look at where else they might invest their capital. The UAE Golden Visa for foreigners (requiring a minimum investment in real estate of AED 2 million) continues to get more attention than ever, with higher investment interest rates. Unlike the 2008 crisis which had an air of speculation and uncertainty, the Dubai real estate market is undergoing significant investment from real buyers without investor risk speculations, indicating some degree of stability. Why the UAE Golden Visa is One of a Kind Price Stability: Between 2022 and early 2024, we witnessed a phenomenal price escalation in off-plan projects but we have stabilized, some projects have even decreased in price, which makes it even more attractive for investing. Supply of Ready Homes: The market is now focused on ready-to-move-in homes above AED 2 million, so they meet the eligibility requirement for the 10 years visa, without the requirement of the AED 1 million upfront payment. Quick Visa Processing: The Golden Visa through real-estate investment takes 7-10 business days for an average investor,

Sustained Growth in Abu Dhabi's Real Estate Market in Q1 2025
Feb 19, 20264 Min

Sustained Growth in Abu Dhabi's Real Estate Market in Q1 2025

A recent report published by the dubizzle platform, indicated that Abu Dhabi's real estate market grew steadily over both segments (purchase and rental) in Q1 2025. The news supports increased confidence in the growing market as a result of rising demand. The growth has been particularly observed across specific areas that have showcased better quality construction, urban infrastructure, and investment return. Luxury Real Estate Growth: Yas Island Leads the Pack Yas Island was the most popular area for purchasing luxury apartments. The related average selling price in this area was AED 1.87 million, with a 2.54% quarterly increase, while Yas was also at the forefront of the luxury villa market with an average villa price of AED 4.68 million and an average annual rent of AED 229,000, with a 1.33% increase. Al Raha Beach claimed the largest share of luxury apartment rental value at an average annual rent of AED 143,000. The best return on investment (ROI) was Saadiyat Island for luxury villas (5.6%) while Yas Island claimed the luxury apartment market at 6.99%. Affordable Real Estate: Attractive Opportunities for Investors In the affordable housing market, Al Reem Island was the best location to purchase affordable apartments. The average selling

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

In Dubai's Fast-Paced Real Estate Market, Off-Plan Deals Lead the Way
Feb 19, 20263 Min

In Dubai's Fast-Paced Real Estate Market, Off-Plan Deals Lead the Way

In Dubai’s real estate market , off-plan property transactions have consistently outpaced secondary market deals. In February 2025 alone, sales volume in this sector surged by approximately 30.4% compared to the previous year—a record that reflects steady growth and increasing investor confidence in under-construction projects. As fresh projects like Tilal Al Ghaf, Cherrywoods, and Arabian Ranches 3 are being introduced, investors have been drawn in greater numbers to expanding their portfolios in the off-plan segment. While being introduced, there is one certain factor which comes into prominence that success in off-plan investment relies on a long-term approach along with investor tolerance. The Quick-Profit Myth: The Biggest Beginner Investor's Mistake One of the mistakes many investors commit is attempting to sell the property within a few months of depositing the initial amount. A few believe they will flip their property with a huge profit margin within six months—a myth sometimes instigated by novice agents. In fact, the off-plan market has a low return on investment (ROI) strategy, not speedy profits. Experience teaches us that the value of a property can appreciate by 10% to 30% between pre-sale and completion, but usually after completion of the project, not at the stages of

Dubai’s Population on the Verge of Surpassing 4 Million in 2025
Feb 19, 20263 Min

Dubai’s Population on the Verge of Surpassing 4 Million in 2025

In the first quarter of 2025, the population in Dubai registered a significant growth and stood at 3.914 million. This is an indication that the city will most probably hit the 4 million mark before the close of Q3 2025. Official population statistics released by the Dubai Statistics Center indicate that in January to March 2025 alone, the population had increased by 51,295—a slight reduction from the 52,143 population increase between the same months last year. This accelerated growth, which hasn’t been seen since 2018, once again underscores Dubai and the UAE’s prominent status as a preferred destination for international professionals, investors, and wealthy individuals. In 2024 alone, Dubai’s population rose by more than 169,000 to 3.825 million, marking the highest annual growth rate in recent years. Population Growth: The Economic Catalyst Population growth in Dubai is not only a reflection of the increased immigration and foreign labor recruitment but also a direct catalyst of the boom in other economic sectors such as real estate, retail, tourism, food industries and hospitality. The rise, coupled with the general trend of the UAE growing population , is a solid catalyst for sustainable economic growth. The UAE non-oil economy is capitalizing on this

Dubai Loop: Driving a New Wave of Real Estate Investment
Feb 19, 20263 Min

Dubai Loop: Driving a New Wave of Real Estate Investment

As Dubai strides towards a sustainable and smart future, a game-changing infrastructure project known as the Dubai Loop will revolutionize the emirate's real estate industry. Experts are of the view that the project similar to how the Dubai Metro Red Line made property prices rise by 27% to 44% between 2010 and 2022 will significantly boost the value and demand for the properties in the vicinity. What is unique about Dubai Loop? The Dubai Loop stands out as a revolutionary leap in urban mobility, combining the innovation of Elon Musk’s The Boring Company with the strategic vision of Dubai’s Roads and Transport Authority (RTA). Unlike traditional public transit systems , this ultra-modern network will operate underground with electric vehicles traveling at speeds exceeding 160 km/h. Stretching 17 kilometers with 11 stations well-positioned in its first phase, it's designed to transport a maximum of 20,000 passengers an hour—reshaping efficiency, sustainability, and the future of public transport in Dubai. Impact on Dubai’s Real Estate and Investment Market According to Farooq Syed, CEO of Springfield Properties: “Infrastructure has always been a major driving force behind property valuation, and the Dubai Loop represents a transformative milestone in Dubai’s urban development.” He noted that improved

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