Sheikh Mohammed orders Dubai district to be renamed Hind City Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has ordered that a district in the emirate be renamed. Al Minhad and its surrounding areas will now be known as “Hind City”. The city includes four zones, Hind 1, Hind 2, Hind 3, and Hind 4, and spans an area of...
Dubai Real Estate Topped $144B in 2022, 76.5% Hike ! Dubai real estate deals topped AED500bn for the first time last year. Dubai’s annual real estate transactions crossed half a trillion dirhams for the first time in 2022, according to official statistics. The Dubai real estate sector saw transactions worth a record AED528bn ($143.8bn) last year, a 76.5 percent increase from...
Dubai Tower to Feature Moving Walls, Fog Forest, Hanging Garden DAMAC’s mega-project will be located in Al Safa with futuristic amenities and views of the Dubai skyline Dubai developer DAMAC has launched a new 83-storey building, branded by the Swiss luxury jeweller, de GRISOGONO. The development is to be located in Al Safa. The building boasts futuristic and luxurious amenities...
No bubble in UAE real estate: Prices are going higher Dubai real estate is still affordable relative to global markets and supported by the UAE’s positive economic outlook Contrary to popular belief, the UAE’s economic activity in the real estate industry has been resilient, suggesting that growth prospects for the upcoming year remain positive. Prices are steadily rising, and the landscape...
The Rise of Dubai’s post-pandemic real estate market While the pandemic took its toll on the global real estate sector, the industry in Dubai recovered fast. An unprecedented event, Covid-19 impacted every sector of society – real estate included. In 2019, the year before the outbreak, Dubai’s residential market experienced supply-demand issues and an excess of residential...
