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...
Mohammed Bin Rashid approves Phase II of Dubai 2040 Urban Master Plan with 20-Minute City Policy. Plan aims to develop a 20-minute city allowing residents to 80% of their daily needs His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, during the launch of the new phase Dubai; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice...
10 upcoming UAE Real Estate projects: Dubai’s biggest apartment, world’s biggest tower, luxury villas and moreDubai’s real estate market is booming, with property prices and rental values surging this year. Supply shows no side of slowing down as real estate developers continue to launch new projects around the UAE. Dubai tends to grab the headlines, with the city’s largest apartment...
Dubai’s new $5 billion ‘Moon’ proposed as UAE shoots for the stars. Moon Dubai’s lunar surface, surrounded by a “lunar colony,” is designed to handle 2.5 million guests, annually Image source: Moon World Resorts Inc. Dubai could have a $5 billion (AED18 billion) moon building in the form of destination resort, Canadian architectural company and intellectual property licensor, Moon World...
Dubai property sales hit $6.6 billion in August August was recorded as the highest performing month in terms of sales transactions volume and value in 12 years. Dubai’s real estate market recorded 9,720 total sales worth AED24.3 billion in August, global property digital business Property Finder said. August was recorded as the highest performing month in terms of sales transactions volume...
Why it’s the right time to buy luxury property in Dubai ? Dubai’s residential property market is continuing its remarkable turnaround since the UAE caught the world’s attention through its excellent management of the Covid-19 pandemic, with the luxury segment registering its highest proportion of transactions last year. In Dubai’s Covid Comeback - 2022 report, Knight Frank says prime property...
UAE Tightens Real Estate Investment Rules; Brokers to report cash deals worth Dh55k and above Emirates issues new reporting requirements for transactions as part of its efforts to strengthen regulatory framework. The UAE has tightened real estate investment rules and asked the property agents, brokers, and law firms to report cash transactions worth Dh55,000 and above to the UAE’s Financial...
New Dubai Real Estate law to boost property investments as sector skyrockets. The law effectively creates a register for property investment funds, whose members will be given certain privileges to assist them in their investment activities in emirate’s real estate market New Dubai Real Estate Law To Boost Property Investments Dubai has introduced a new law to support the growth of real...
UAE Golden Visa now available directly from real estate developers UAE-based real estate developers are looking to make the most of the Golden Visa scheme by offering attractive Golden Visa benefits to eligible customers, including shouldering the cost of obtaining a UAE Golden Visa The Dubai real estate market recorded AED 22.7 billion sales in June – highest sales figures in the last 13 years...
Sheikh Hamdan launches 'Dubai Global' to cover 5 continents. The aim is to strengthen Dubai’s position as a global business hub by establishing a network of 50 offices around the world. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched “Dubai Global”, an initiative to establish 50 integrated commercial representative offices for Dubai in five...
Sheikh Mohammed Inaugurates Dh1B Bookstand-Shaped Library in Dubai The Mohammed bin Rashid Library in Al Jaddaf has more than a million print and digital books Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has inaugurated a bookstand-shaped library that cost Dh1 billion ($272.3 million) to build. He toured the library on Monday. Spread across seven floors, the Mohammed bin...
Dubai Property Market Transactions UAE’s diversified imports strategy, steps to boost its food security among the reasons for ‘cautious optimism’ when it comes to economic growth Dubai residential property market transactions reach AED61.9bn despite inflation concerns As the world grapples with inflation spikes, impact on UAE’s economy and Dubai’s residential property market seems limited...
Dubai real estate transactions hit 13-year high in April 2022 as new visa rules attract investors The top areas of interest for villas and townhouses in April 2022 were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, Damac Hills (Akoya by DAMAC), and The Springs, according to a Property Finder report Following the conclusion of Expo 2020, Dubai witnessed 6,983 real estate sales...
Dubai Ruler marks Eid with package worth $1.7B for Emiratis Sheikh Mohammed bin Rashid also approved the development of a new housing complex in the Al Khawaneej area 2, which will include 1,100 residential villas In his capacity as the Ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, has approved a new housing package worth $1.7 billion (AED 6.3...
Dubai’s real estate market sees $4.5bn deals in January, the most on record. Property Finder says Dubai has seen 5,797 sales transactions worth AED16.7bn during January. Dubai’s real estate market has witnessed its strongest start to a year on record, driven by the impact of Expo 2020 Dubai, according to new figures. January has seen 5,797 sales transactions worth AED16.7 billion ($4.55...
SLS Dubai Hotel and Residences is one offering fractional rights to units in the building. Dubai: The first title deeds are being issued in Dubai under ‘fractional’ property ownership, which could dramatically add to the investor base in the local real estate market. In its simplest form, fractional ownership allows multiple investors to acquire an apartment, villa or other property types, and with...
Dubai’s Omniyat to announce three new luxury developments, reveals regional expansion plans Covid-19 gave Dubai’s luxury property sector a boost as wealthy individuals flocked to the Gulf city that managed the pandemic well, according to Omniyat’s executive chairman and founder Mahdi Amjad Banking on continued demand for ultra-luxury properties, Dubai-based Omniyat Group is planning to launch...
