Aldar Properties (Aldar) recently announced the rapid sell-out of the first two phases of its innovative active living development, Athlon, within just 48 hours of its launch. The sale generated AED 4.1 billion in sales, marking a significant milestone in Aldar's entry into the Dubai real estate market in partnership with Dubai Holding, a diversified global investment company with...

Question: My landlord recently passed away, and now a rental company manages his properties. They sent me a notice stating that my next rent will be Dh65,000 per year, marking an increase of 46%. Is the rental company legally allowed to impose this increase? Please advise. — NA, Dubai. Read this also : Dubai Leads the Middle East with 72,500 Millionaires Answer: Before I address your question, I...

Dubai has emerged as the wealthiest city in the Middle East, boasting a population of 72,500 millionaires according to a report by global intelligence provider New World Wealth and Henley & Partners. The city ranks 21st among the wealthiest cities globally, with a notable increase in the number of millionaires—78%—over the past decade. Read this also : Ohana Development...

Ohana Development, with the leading associate Metropolitan Capital Real Estate, is launching Elie Saab Waterfront, the first branded residential tower on Al Reem Island, marking a milestone for luxury real estate in Abu Dhabi. Read this also : Aldar Launches Athlon, Dubai’s First ‘Active Living’ Community The Elie Saab Waterfront project represents a groundbreaking development in the luxury...