The latest data released by real estate consultancy Betterhomes shows that Dubai’s rental market recorded 42,076 lease transactions in October. While this reflects a 15% decrease compared to last year, the emirate remains attractive, and a shift in tenant preference is noticeable. Types of Rental Contracts The new contracts accounted for 41% of the leases, […]
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, attended a presentation on the performance of the Dubai Land Department in line with the achievement of the emirate’s vision for economic and investment development. This assessment was carried out in line with the […]
Data indicates that Dubai’s real estate market continued to perform well in November 2024, propped up by the off-plan segment, while the volume of deals grew by more than 46 percent year over year, with 8,548 transactions recorded. Overall, property transactions in Dubai increased by nearly one-fifth (19%) compared to November 2023. Based on insights […]
The Dubai Walk Master Plan has been approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The plan is a future looking move to turn Dubai into a walkable city. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime […]
Investing in real estate in Dubai has proven to be more lucrative compared to London and New York, thanks to rising property values, investor friendly regulations and a forward looking market that attracts both homebuyers and speculators. Compared to New York and London, property prices in Dubai are very affordable with an average of just […]
The latest data released by real estate consultancy Betterhomes shows that Dubai’s rental market recorded 42,076 lease transactions in October. While this reflects a 15% decrease compared to last year, the emirate remains attractive, and a shift in tenant preference is noticeable. Types of Rental Contracts The new contracts accounted for 41% of the leases, […]
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, attended a presentation on the performance of the Dubai Land Department in line with the achievement of the emirate’s vision for economic and investment development. This assessment was carried out in line with the […]
Data indicates that Dubai’s real estate market continued to perform well in November 2024, propped up by the off-plan segment, while the volume of deals grew by more than 46 percent year over year, with 8,548 transactions recorded. Overall, property transactions in Dubai increased by nearly one-fifth (19%) compared to November 2023. Based on insights […]
The Dubai Walk Master Plan has been approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The plan is a future looking move to turn Dubai into a walkable city. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime […]
Investing in real estate in Dubai has proven to be more lucrative compared to London and New York, thanks to rising property values, investor friendly regulations and a forward looking market that attracts both homebuyers and speculators. Compared to New York and London, property prices in Dubai are very affordable with an average of just […]
Dubai’s real estate market is witnessing a surge in off plan offerings, with island projects taking the lead. “Damac Islands,” currently under construction in Dubailand, is located only 15–20 minutes away from areas such as Sports City and Dubai Investments Park. Damac has priced the starting rates for four bedroom townhouses of 2,208 sq. ft. […]
According to the latest survey conducted by a real estate information company, Dubai property transactions will grow 30% annually by the end of 2024. This is after the real estate industry continued to break records in project launches, sales priced mortgage deals. Investor Confidence in Dubai’s Real Estate Market Henry Bacha, chief executive of Property […]
The Dubai Land Department (DLD) has launched three new services within the framework of the integrated platform of Dubai’s government “Dubai Now,” in an attempt to make processes related to real estate easier and faster. This is a remarkable step for urban service digitization in line with Dubai’s vision to deliver high-quality services and as […]
The region of Palm Jebel Ali has witnessed phenomenal growth this year. All due to the strenuous efforts of Nakheel, an innovative arm of Dubai Holding’s real estate sector, this gigantic project is moving ahead at a fascinating pace. According to the scheduled timeline, Palm Jebel Ali will be developed considerably around 2025. Successful Sale […]
Dubai has approved a historic government budget for the 2025-2027 period, marking the biggest financial allocation in its history. This budget reflects Dubai’s long-term commitment to sustainable growth and improved public service, with revenue projections of AED 302 billion and expenditure projections of AED 272 billion. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and […]
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 […]
In September 2024, the Dubai property market registered its greatest month so far, 18,038 property transactions-surpassing 17,139 transactions from May this year. This surge shows strong growth, with greater confidence from the investors in Dubai’s property sector. Record-Breaking Transactions and Consistent Market Growth Residential properties made up over 95% of transactions in September, totaling 17,151 […]
The newest news in Dubai from DAMAC Properties is that the fifth much-awaited major community, Sun City, is launched in Dubailand. The announcement is in sync with UAE’s aspirations to promote national progress and improve its citizens’ well-being. Dubailand will offer a blend of modern luxurious lifestyle, nature, and wellness-centered living, conducive to the physical, […]
The UAE capital Abu Dhabi prepares to welcome “The Sphere” to the entertainment framework of this region. It was recently announced by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) that a version of the world-renowned Sphere from Las Vegas will be brought to the Middle East. A Unique Place for […]
In a big move for the UAE’s growing real estate market, Aldar properties—a leading real estate company from Abu Dhabi—and Expo City Dubai have announced a joint project. They’re planning a mixed-use development worth 1.75 billion dirhams, located near Al Maktoum International Airport and the Dubai Exhibition Centre. This development is part of Dubai’s larger […]
The Palazzo Versace Hotel, one of Dubai’s most iconic luxury spots, is back on the market, and this time, the price tag has been slashed significantly. Originally listed for over AED 1 billion, the seller has now dropped it to AED 700 million, but it’s still struggling to find a buyer. Hoping for a Business […]
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 […]
As more businesses in the UAE return to in-person meetings and foreign companies increasingly seek to establish operations in the region, the demand for luxury office spaces across the UAE has surged. Record-Breaking Deal in Dubai In response to the evolving needs of businesses, Bayti Real Estate, a luxury real estate specialist known for providing […]
Dubai’s Roads and Transport Authority (RTA) recently announced the upcoming introduction of the city’s first aerial taxi station. This marks a pivotal moment in modernizing the transportation sector and is part of a larger project aimed at creating a more efficient and innovative travel system. Phase One: Four Key Stations In the initial phase of […]
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 […]
FAM Holding, UAE real estate developer announces completion of its flagship project – Art Tower. Situated opposite Sahara Mall on Al Nahda Street, this newly constructed residential tower provides breathtaking Sharjah and Dubai panoramic views to a spectrum of residents seeking the perfect combination of convenience, luxury, and location. Specifications of Art Tower Art Tower […]
Dubai’s Roads and Transport Authority has officially opened two major bridges crossing Za’abeel and Al Quoz 1 on Al Khail Road in the direction of Jebel Ali. The two new bridges extend 1,350 meters and can handle up to 8,000 vehicles per hour in each direction. RTA also announced that the expansion of Al Khail […]
Ayana Holding is a diversified multinational organization with a long history of achievements anchored in infrastructure, architecture, construction, and real estate. Very recently, it introduced a new subsidiary, Amaal, which will seek to revolutionize urban living in the UAE. Amaal comes with a very ambitious vision: redefining the benchmarks of real estate development by making […]
Nakheel Properties, a distinguished member of Dubai Holding, has made a significant move in the real estate market by awarding a 810 million AED marine works contract to Jan De Nul Dredging for developments in Palm Jebel Ali. This project is rapidly advancing and is expected to substantially influence property prices in Dubai, particularly in […]
