May 2024

Mohamed Alabbar, the founder of Emaar, reveals plans for The Music, Color, and Fire Plaza at Dubai Square in Dubai Creek Harbour.

Mohamed Alabbar, the founder of Emaar, reveals plans for The Music, Color, and Fire Plaza at Dubai Square in Dubai Creek Harbour.

Plans for a state-of-the-art Music, Color, and Fire Plaza at Dubai Square, Dubai Creek Harbour, have been revealed by Emaar Properties. The plaza, which is ideally situated close to Dubai Creek Tower, will have fire, colorful displays, and coordinated music. Upon turning off the multimedia displays, the plaza will smoothly transition into a hospitable public area that promotes participation and social...

A developer in the UAE's Al Wasl neighborhood reports a record-breaking sale of villas.

A developer in the UAE’s Al Wasl neighborhood reports a record-breaking sale of villas.

With the record sale of a villa in the Al Wasl District for AED61.5 million ($16.7 million), Dubai's real estate market has hit a new peak and established a new standard for luxury residences inside the upscale development. Given its ideal position, the Al Wasl District neighborhood offers inexpensive service fees, high security, and frequent patrols without requiring gates. This is a remarkable...

Dubai's housing boom in 2024: tens of thousands of homes will be available, and prices will soar

Dubai’s housing boom in 2024: tens of thousands of homes will be available, and prices will soar

There is a significant housing boom in Dubai, where tens of thousands of new villas, townhouses, and apartments are expected to be finished and given to customers this year. Experts forecast that despite the massive influx of new apartments, demand from both domestic and foreign purchasers would drive up property prices for both ownership and rentals​ (D&B Dubai)​​ (Altitude Real...

Future Trends and Projections for Dubai Real Estate through 2024

Dubai Real Estate’s Future: Trends and Forecasts for 2024

The residential real estate industry is still growing. Record-breaking numbers of transactions were made in 2023, with sales and rental prices rising by 18% and 26%, respectively, year over year. This trend is anticipated to continue in 2024 and will be one of the real estate developments in Dubai​ (D&B Dubai)​​ (Altitude Real Estate)​. Read this also: Ras Al Khaimah has introduced Raha, a...

As the real estate boom continues, Ras Al Khaimah has introduced Raha as a new island resort.

Ras Al Khaimah has introduced Raha, a new island getaway, as the real estate boom continues.

Ras Al Khaimah is capitalizing on the current real estate boom, particularly in upscale hotels and serviced apartments, by introducing the new "Raha Island" destination. This project is situated in Mina Al Arab and is spearheaded by the master developer, RAK Properties. Raha Island will feature an array of amenities including extensive retail spaces, marinas, beach clubs, and numerous...

The Unexpected Al Marjan Island Hotel & Residences by Almal Real Estate Development

The Unexpected Almal Real Estate Development Al Marjan Island Hotel & Residences

On Ras Al Khaimah's Al Marjan Island, a beautiful hotel and residential complex is about to rise, bringing in a new era of opulent hospitality and leisure. With its unique architecture and immersive wellness, dining, and entertainment experiences, the award-winning luxury developer Almal Real Estate Development and the esteemed Palladium Hotel Group created the Unexpected Al Marjan Island Hotel &...

Binghatti has announced "One by Binghatti," a new project in Business Bay.

Binghatti has announced “One by Binghatti,” a new project in Business Bay.

Property developer Binghatti, situated in Dubai, has declared that it will launch One by Binghatti, its newest residential building. The Bvlgari Yacht Club in Jumeirah Beach will host the VIP launch event on May 27, 2024. Situated in the well-liked Business Bay district of Dubai, One by Binghatti will provide convenient access to Downtown Dubai. It will offer vistas of famous buildings like the Burj...

A property in the Burj Khalifa area sold for a record-breaking Dh139 million.

A property in the Burj Khalifa area sold for a record-breaking Dh139 million.

The four-bedroom Penthouse at The Lana Residences sold for Dh139 million, setting a new record and making it the most expensive home in Dubai's Burj Khalifa neighborhood. The property was sold by Dubai's innovative real estate company, OMNIYAT. The Lana, a hotel and residential facility managed by Dorchester Collection, debuted in April 2024 and was curated by OMNIYAT. Nestled between the Dubai Design...

Owing to a spike in demand, the occupier market in the UAE is still robust.

Owing to a spike in demand, the occupier market in the UAE is still robust.

Due in large part to higher demand from newly registered renters, the occupier market in Dubai and Abu Dhabi experienced robust activity in the first quarter. Occupier activity in Dubai was robust in the first quarter. The overall number of rental registrations reached 46,850, up 35.8% from the previous year, according to figures from the Dubai Land Department. "An increase in new rental registrations...

Wasl, One B Tower, is launching a new landmark project on Sheikh Zayed Road.

Wasl, One B Tower, is launching a new landmark project on Sheikh Zayed Road.

Wasl, the premier real estate development and management business in Dubai, has announced the opening and construction of One B Tower, a brand-new, opulent high-rise with a prominent location that offers stunning views of Business Bay's Dubai Water Canal. Read this also : How NABNI Developments is reshaping Dubai’s real estate market with sustainable sophistication Residential unit sales are...

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