The Dubai International Financial Centre (DIFC) serves as a global hub for many of the world's wealthiest families and individuals. This international center is nestled among the top 22 wealthiest cities worldwide and is home to over 120 affluent families and individuals, with a combined net worth surpassing $1 trillion. The 2023 World’s Wealthiest Cities Report reveals that Dubai houses over 68,500...

Diriyah Company has announced its inaugural commercial office and retail project, Zallal, which is set to open in the Bujairi District during the first half of 2025. Read this also : Qatar Ministry of Justice Drafts New Real Estate Registration Regulations Upon completion, the development will encompass 12 mixed-use retail and dining establishments spanning 8,000 square meters, alongside two low-rise...

The Ministry of Justice (MoJ) is working on executive decisions and regulations for Law No. (5) of 2024, which governs real estate registration in Qatar. This initiative aims to implement the new law's provisions and modernize the legal and service system in line with the directives of the Qatari leadership. Read this also : A Dh1 Billion Project Unveiled in Dubai’s...

Samana, a Dubai-based private developer, announced the launch of the Dh1 billion Samana Lake Views Project on Thursday. The group plans to invest Dh12.5 billion in UAE real estate this year. Situated in Dubai Production City, the project includes twin towers with 1,006 apartments, featuring studios, one-bedroom, and two-bedroom units across a 794,000 square foot area. The...

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE, and Ruler of Dubai, has approved plans for a new passenger terminal at Al Maktoum International Airport in Dubai South. The development is part of a broader strategy to shift all operations from Dubai International Airport to the new location over a decade. Read this also : Dubai’s Ultra-Luxury Real Estate Set to Soar...

Dubai's ultra-luxury real estate market is poised for significant growth, propelled by a surge in high-net-worth individuals (HNWIs) and substantial investment inflows during the first quarter of the year. By 2025, HNWIs are expected to account for a 24.6% increase in Dubai's real estate market, driving the luxury segment to unprecedented heights. read this also : Emaar Properties Announces Dh4.4...

Emaar Properties PJSC held its Annual General Meeting (AGM) on Monday, April 22, 2024, in Dubai. The company's shareholders approved the Board of Directors' proposal for a significant dividend payout of Dh4.4 billion ($1.2 billion), equivalent to 50 fils per share. This decision underscores the company's solid financial standing and dedication to providing value to its shareholders. Read this also :...

Binghatti, a prominent Emirati developer based in Dubai, is launching an expansive real estate project in the Dubai Hills district. The development, known as Binghatti Hills, is set to become the largest project in Dubai Hills, featuring 1,666 residential units and 21 retail spaces across a vast land area. Read this also : Dubai Developers Offer Free Repairs for Homes Damaged by Rain The unveiling...

Dubai residents who have been impacted by heavy rain can now seek help for property damage using a dedicated WhatsApp support number. This move comes under the directive of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ensuring authorities are prepared for severe weather. Read this also : Palm Jumeirah Villas See 63% Rent Surge in Q1 2024 The Mohammed bin Rashid Housing Establishment’s...

In the first quarter of 2024, Palm Jumeirah villas and townhouses experienced a significant increase in rent prices, according to a recent report. The area saw a 63% jump compared to the same period in 2023, reflecting its lasting appeal and high-end status. The average rent for villas and townhouses in Palm Jumeirah rose from AED 656,114 in Q1 2023 to approximately AED 1.07 million in Q1 2024, as...