Following a remarkable surge in 2023, Dubai's prime residential values are poised for continued growth in 2024, ranking third globally with a projected 5.0% increase, according to Knight Frank. With an impressive 16% rise in 2023, building on a previous 44.4% surge, Dubai's prime property market remains a strong contender in the global landscape. Click Here to Read More : ROSHN Group Launches Sales of...

Knight Frank's latest report highlights a notable trend in the luxury residential property market, with prices continuing to rise in 2023 despite declining trends in other major cities like New York and London. According to the report released on Wednesday, luxury property prices globally experienced a 3.1% increase, fueled by double-digit gains in cities such as Manila and Dubai, which offset declines...

In 2023, the Dubai Land Department (DLD) celebrated an unprecedented achievement, recording a staggering 1.6 million transactions across various real estate activities. This remarkable figure represents a substantial increase of 16.9% compared to the previous year, highlighting Dubai's robust real estate market. Read this also : Transferring Property to Family Members in Dubai: A Comprehensive...

Transferring property to family members in Dubai involves navigating specific regulations and procedures outlined by the Dubai Land Department (DLD). Understanding these guidelines is crucial for a smooth and legally compliant transfer process. In this comprehensive guide, we'll delve into the fees, regulations, and steps involved in transferring property to first-degree relatives in Dubai. Read this...

In a surprising move contradicting remote work expectations, Dubai is set to witness the construction of 44,000 square meters of high-quality office space in free zones during 2024, responding to the city's surging demand. Read this also : In 10 Years, Sharjah Millionaires Projected to Surge by 120%; Dubai Ranks Third in BRICS Bloc Wealth Commercial real estate company CRC's report reveals plans for...

DMCC, a flagship free zone and Government of Dubai Authority on commodities trade and enterprise, is expanding its real estate portfolio with the commencement of the second phase of Uptown Dubai. The groundbreaking ceremony, led by Swissboring Overseas Piling Corporation for foundation and enabling work, marks a significant milestone in the development. Read this also : Yas Holding’s Taraf Launches...

Dubai, the gleaming gem of the Middle East, has consistently proven itself as a haven for international real estate investors. Boasting a skyline adorned with architectural marvels and a business environment that thrives on innovation, Dubai's real estate market is a magnet for those seeking lucrative opportunities on a global scale. Why Dubai? Dubai's strategic location, at the crossroads of Europe,...

If an off-plan property is not handed over on time, investors in Dubai possess certain rights safeguarded by Law No (8) of 2007 Concerning Escrow Accounts for Real Estate Property Development. It is imperative for potential buyers to conduct comprehensive due diligence before signing any off-plan sale and purchase agreement. Here are key steps to ensure informed decisions: Read this also : Dubai’s...

Aqua Properties, a renowned international real estate developer based in the United Arab Emirates, has unveiled its latest venture, The Central Downtown—a sophisticated development situated in Dubai's Arjan neighborhood. Valued at AED 3 billion ($816 million), this project is set to redefine upscale living in the heart of the city. Read this also : The Future of Dubai Luxury Real Estate in 2024:...

In the year 2023, the Dubai luxury real estate market witnessed a groundbreaking surge, shattering records across various fronts. The Como Residences on Palm Jumeirah, for instance, set a remarkable record with its penthouse achieving an astonishing Dh24,000 per square foot, selling for an impressive Dh500 million. Ultra-premium apartment sales further highlighted the pinnacle of the luxury market, with...