January 4, 2024

UAE Property Buyers Embrace Mortgages with Anticipated Interest Rate Drop in 2024

UAE Property Buyers Embrace Mortgages with Anticipated Interest Rate Drop in 2024

In 2024, a significant shift is expected in the UAE real estate landscape as more property buyers, especially end users, are projected to opt for mortgages. The catalyst behind this trend is the anticipated drop in interest rates, estimated to decrease by up to 100 basis points. Real estate experts emphasize the substantial influence of mortgage rate fluctuations on the decision-making process of...

Arada Expands Dubai Presence with Dh600 Million Zabeel 2 Plot Acquisition

Arada Expands Dubai Presence with Dh600 Million Zabeel 2 Plot Acquisition

In a strategic move, Sharjah-based developer Arada has made a noteworthy entry into the dynamic Dubai real estate market by acquiring a prime Dh600 million plot in Zabeel 2. The announcement on Tuesday revealed that Arada, a prominent master developer, envisions the construction of a 50-story luxury residential tower featuring 400 upscale apartments on this expansive 138,466-square-foot plot. Read this...

Anticipating a 20% Surge: Dubai Rental Market Projections for 2024

Anticipating a 20% Surge: Dubai Rental Market Projections for 2024

Amid a year marked by substantial growth, estimated between 23–30%, the upscale residential rental landscape in Dubai is poised for another significant upswing, with expectations of a 20% increase in 2024. Experts attribute this projected surge to various factors, including Dubai's growing allure as a haven for the affluent, heightened investor interest, an influx of professionals, and a surging...

Dubai's Record-Breaking Super Penthouse, Complete with Mini Golf and Cinema, Hits the Market at Dh600 Million

Dubai’s Record-Breaking Super Penthouse, Complete with Mini Golf and Cinema, Hits the Market at Dh600 Million

In a bold move that has captivated luxury real estate enthusiasts, Emerald Palace Group (EPG) has officially listed Dubai's largest penthouse for sale at a staggering Dh600 million. The Super Penthouse R1, spanning the top three floors and rooftop of Raffles The Palm Dubai Residences, sets a new benchmark in Dubai's real estate history with a colossal built-up area of 77,707 square feet. Read this :...

Compare listings

Compare

Sign-Up Now