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...

In a recent update from Dubai's Land Department (DLD), the real estate sector showcased robust activity on January 16, witnessing a total of 525 sales transactions valued at AED 1.54 billion. The day also saw 127 mortgage deals amounting to AED 226.51 million and 19 gift deals totaling AED 89.9 million. Reas this also : Surge in Demand: Dubai’s $10 Million Plus Homes Market...

In 2023, Dubai witnessed an impressive surge in the sale of homes priced at $10 million and above, with transactions skyrocketing by over 92%, totaling 431 sales. This robust activity underscored the active participation of affluent investors in Dubai's thriving real estate market. The year saw several records shattered, and indications suggest that this trend is set to continue throughout 2024. Read...

Dubai's real estate market witnessed a remarkable surge on Wednesday, as reported by the Dubai Land Department (DLD). The data reveals a total of 494 sales transactions, amounting to AED 2.18 billion. In addition, the day recorded 101 mortgage deals, totaling AED 1.07 billion, and 42 gift deals reaching a sum of AED 787.19 million. Read this Also : Discover the Anticipated Hotels in Dubai Set to Open in...

In a strategic move, Sharjah-based developer Arada has made a noteworthy entry into the dynamic Dubai real estate market by acquiring a prime Dh600 million plot in Zabeel 2. The announcement on Tuesday revealed that Arada, a prominent master developer, envisions the construction of a 50-story luxury residential tower featuring 400 upscale apartments on this expansive 138,466-square-foot plot. Read this...

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...