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 […]
Based on the recent update by the Dubai Real Estate Regulatory Authority (Rera) in early March this year, rents in Dubai have seen an increase of up to 15%, as per the report by Cushman & Wakefield Core. Protusha Gorapu, the head of research and consultancy at the firm, stated, “The rental index update by […]
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 […]
Collaboration Between Dar Global and Trump Organization to Construct Trump Tower Dubai Trump Tower Dubai is set to open in 2025, thanks to a partnership between Dar Global, the international development arm of Saudi Arabia’s Dar Al Arkan, and the Trump Organization. According to a statement released by Dar Global, this property will be located […]
Damac Hills 2, formerly known as AKOYA, is a master-planned community in Dubai that offers a unique lifestyle experience inspired by water, sports, and fun for all ages. Developed by DAMAC Properties, a leading real estate developer in the UAE, Damac Hills 2 is spread over 55 million square feet and is home to over […]
