The real estate sector in Dubai is still attractive for first-time buyers, but entering the sector is no longer based solely on property prices. Recent research reveals that first-time buyers in Dubai require at least AED 300,000 in initial cash capital and a monthly income of around AED 30,000 to 40,000 to confidently start the […]
Dubai’s luxury beachfront properties have recorded impressive growth compared to the rest of the residential market in Dubai. According to the latest reports, the prices of luxury villas in the coastal areas have increased by more than 140%. In addition, the limited supply of land has pushed the prices of these luxury villas to even […]
Abu Dhabi, the capital of the UAE, offers an exceptional blend of modernity and tradition, providing residents with a high standard of living, diverse job opportunities, and rich cultural experiences. Known for its towering skyscrapers, luxurious shopping malls, and pristine beaches, Abu Dhabi is a city that harmonizes progress and heritage. This article delves into […]
Dubai International Airport (DXB) has set a new record by welcoming 44.9 million visitors in the first half of this year. This significant increase in passenger numbers highlights DXB’s vital role in bolstering Dubai’s economy. With an 8% growth compared to last year, DXB has solidified its position as the world’s preferred gateway. This growth […]
Emaar, a leading global property developer, has announced a 33% increase in its net profit, driven by sustained domestic demand. The company’s revenue surged 17% to AED 14.4 billion in the first half of 2024, while its profit before tax climbed to AED 7.8 billion. With a focus on community-centric projects, Emaar has consistently tapped […]
The UAE’s real estate market continued to exhibit robust growth in the first half of 2024, driven by the country’s economic and financial stability. The introduction of new, world-class projects to meet the growing demand for various property types has attracted significant investment. Reports indicate that major real estate companies have initiated large-scale projects since […]
Despite leading the Dubai real estate market in off-plan sales, the demand for ready to move properties remains exceptionally strong. Budget-friendly units are being snapped up within a month of their launch. End-users and high-net-worth individuals have been driving the demand for ready to move properties, while a supply shortage, exacerbated by an influx of […]
Dubai is poised to achieve a new milestone in its real estate sector, with an estimated 38,174 new housing units set to be delivered in 2024. This record-breaking figure underscores the robust growth and sustained demand within the emirate’s property market. According to a recent report by ValuStrat, a leading property consultancy, the first half […]
Dubai International Chamber has reported a remarkable surge in attracting both Small and Medium-Sized Enterprises (SMEs) and Multinational Corporations (MNCs) to the emirate. In the first half of 2024, the chamber successfully onboarded 86 new companies, representing a substantial 54% year-on-year increase. A breakdown of these figures reveals that 24 MNCs established their presence in […]
Dubai’s economy has demonstrated remarkable resilience, posting a 3.2% growth in the first quarter of 2024 compared to the same period last year. The emirate’s gross domestic product reached a substantial AED 115 billion (equivalent to USD 31.3 billion), underscoring its status as a global economic powerhouse. Key sectors driving this growth include transportation and […]
Expo City Dubai has announced the release of residential plots for sale in its flagship development, Expo Valley. This move marks a significant milestone in the city’s ongoing expansion and offers investors a unique opportunity to own a piece of Dubai’s future. Potential buyers can acquire plots ranging from 7,500 to 12,500 square feet, with […]