The Dubai real estate landscape has witnessed a remarkable upswing, with a staggering 47% surge in property costs attributed to a substantial influx of Russian investors, according to recent research findings. For years, Dubai has been a magnet for affluent businesses and investors worldwide, drawn by the UAE's stable market and opulent lifestyle. However, the unprecedented wave of Russian investors in...

In a significant leap towards transparency and innovation in Qatar's real estate sector, the Ministry of Municipality has unveiled a revolutionary Real Estate Platform, offering precise data and comprehensive statistics for industry stakeholders. Introduced at Expo 2023 Doha in a ceremony presided over by Municipality Minister H E Dr. Abdullah bin Abdulaziz bin Turki Al Subaie, the platform integrates...

Dubai, known for its architectural marvels, has yet another feather in its cap as Al Wasl Plaza in Expo City clinches a Guinness World Record, further solidifying the city's reputation for global excellence. The prestigious title of the "largest interactive immersive dome" now belongs to Expo City’s crown jewel, Al Wasl Plaza, as officially recognized by the Guinness Book of World Records. Alwaleed...

As the New Year approaches, Dubai's property investors and landlords who have relied on short-term rentals are basking in the glow of rich rewards, with year-over-year rate increases soaring to unprecedented heights, reaching up to 50%, according to market sources. Throughout December, short-term accommodation reservations in Dubai have experienced a surge, particularly for luxury properties. A...

As 2023 draws to a close, Dubai's real estate market is poised for a triumphant finale, with property sales expected to soar beyond AED 400 billion ($108.9 billion), according to a recent analysis. W Capital, a Dubai-based real estate brokerage firm, reports that the cumulative value of property sales since January 2023 has already surpassed AED 393 billion and is projected to climb even higher in the...

In Q3 2023, the demand for key residential areas in Qatar reached unprecedented levels, driven by the allure of the nation's prime locations. Tenants seeking proximity to the business center increasingly opted for downtown residential hubs such as Lusail, West Bay, Pearl, and others. Hapondo, a leading realty platform in Qatar, revealed in a recent market analysis that convenience plays a pivotal role...

In a recent announcement, Azizi Developments, a prominent UAE-based real estate developer, shared a progress update on their prime project, Pearl, located in the thriving Al Furjan growth corridor in Dubai. The development has reached an impressive 80% completion and is on track to be finished by the end of Q1 2024. According to Azizi, key milestones have been achieved in the construction process. The...

In a groundbreaking move, the Dhabi Group from the UAE has formalized a monumental agreement with the Punjab Government, marking an investment of Rs60 billion in the Pakistani province. As per official documents, the UAE's tallest building, the 'Mubarak Centre,' is set to grace the banks of the River Ravi in Lahore, following a memorandum of understanding signed by Chief Minister Sardar Usman Buzdar and...

In the first quarter of 2021, Dubai residents experienced an 11% year-on-year decrease in rental prices, attributed to intense competition in the residential market, according to recent data released on Monday. ValuStrat's Dubai Real Estate Review for Q1 2021 revealed that residential rents remained relatively stable compared to the previous quarter, with a marginal decrease of less than 1% during...

As we bid farewell to 2023, Dubai's real estate sector emerges as a tale of unparalleled success, marked by innovative growth and a skyline adorned with ultramodern skyscrapers. In just over six decades, Dubai has transformed from vast deserts to a global icon of luxury, solidifying its position as the preferred destination for the second consecutive year. This unprecedented growth is fueled by factors...