With an unprecedented 105 million visitors in 2023, Dubai Mall has solidified its position as the "most visited place on earth." This remarkable milestone marks a significant 19% increase from the previous year's 88 million visitors, showcasing the enduring popularity and allure of this iconic destination. Click Here to Read More : Sobha Realty Achieves Record-Breaking Sales of Dh15.5 Billion in...

With an unprecedented booking of Dh15.5 billion, Sobha Realty concluded a remarkable 2023. The surge in demand for its luxurious properties propelled the company to achieve record-breaking sales, marking a 51% increase over previous years. Click Here to Read More : The Journey of Dubai’s Ambitious Airport Project Having surpassed its target of Dh15 billion in sales for 2023, Sobha Realty now sets...

Over a decade ago, a Wizz Air A320's landing marked the beginning of Dubai's ambitious plan to build the world's largest airport, Al Maktoum International Airport. Intended to be a futuristic mega-hub, it aimed to ensure Dubai's pivotal role in the global economy and address capacity issues. Click Here to Read More : Qatar’s Residential Market: Projected Growth and Investment Opportunities Despite...

Market analysts at Mordor Intelligence forecast a promising trajectory for Qatar's residential real estate market, estimating its value to reach $4.28 billion by 2024, with a projected compound annual growth rate (CAGR) of 6.24% over the subsequent five years. The industry encountered setbacks amid the global pandemic, leading to delays and cancellations of residential projects. However, Qatar's robust...

The UAE's real estate market is projected to reach a staggering $710 billion by the end of 2024. Embracing sustainability is becoming increasingly crucial for Dubai's real estate industry, aligning with the ambitious goals outlined in the UAE Net Zero 2050 and Dubai 2040 Urban Masterplan. Dubai stands as a global leader in sustainability, ranking third worldwide with over 400 projects certified by LEED....

A recent report highlights the persistent supply constraints in Saudi Arabia's real estate market, contributing to significant increases in both office rents and residential property prices throughout 2023. CBRE's latest findings reveal a notable surge in average office rents for Grades A and B units in Riyadh, with rates soaring by 13% to 22.2% over the twelve months leading up to the fourth quarter of...

Dubai's real estate landscape is witnessing a transition into a seller's market, driven by the substantial gains experienced over the past three years in property prices. Industry experts suggest that as the rapid surge in real estate prices begins to stabilize, some investors are considering capitalizing on their assets by selling and exploring emerging markets for potentially higher returns. Click...

In 2023, Dubai's real estate market witnessed unprecedented growth, achieving record-breaking transaction activity in the residential sector. According to a recent report by global real estate services provider Savills, the residential sector experienced a remarkable 29 percent annual growth, reaching an all-time high of 118,200 units sold, marking the first time transactions surpassed 100,000 in the...

ASALDI Properties introduces its groundbreaking project, Shades, with a total investment of EGP 2.5 billion, marking a significant entry into the Egyptian real estate market. The company aims to invest EGP 10 billion over the next five years, underscoring its commitment to the region's growth. Click Here to Read More : Union Properties Achieves Land Disposal Success in Dubai, Eyes Further...

Union Properties, a leading developer in Dubai, is making strategic moves by selling non-core land assets, signaling a significant milestone in its turnaround strategy and garnering substantial financial support. Click Here to Read More : Binghatti’s $300 Million Sukuk Issuance Receives Strong Investor Response Having already disposed of assets worth over Dh500 million, Union Properties emphasizes...