The sale of a villa worth AED 148 million in Emirates Hills has clinched a new record for real estate transactions in Dubai. This sprawling estate, boasting 19 bedrooms, fetched the fourth-highest price ever recorded for a home in Emirates Hills. Read this also : New Procedure for Dubai Landlords Seeking Rent Re-Evaluation Managed by Dubai Sotheby’s International Realty, this opulent villa now...

Dubai landlords now have a new process in place if they wish to seek a rent re-evaluation, as announced by the Real Estate Regulatory Authority (RERA). Instead of relying solely on the most recent Rental Index update, landlords have the option to request a higher rental amount, but with a significant change in the procedure. Read this also : More tenants are turning into...

In the first quarter of 2024, the demand for ready properties surged in the United Arab Emirates, driven by an increasing number of tenants opting for ownership over rising rentals. Unlike the first quarter of 2023, which witnessed a surge in off-plan transactions, the first quarter of 2024 saw robust demand for existing projects in both Dubai and Abu Dhabi, according to data released by Property...

Dubai South Properties has awarded a lucrative contract worth AED 1.50 billion to Al Kharafi Construction Company for the construction of the third, fourth, and fifth stages of the South Bay project. The fourth phase of the project, spearheaded by Al Kharafi Construction, is already underway and slated for completion in the first quarter of 2027. This phase will comprise 138 units, including five...