The Dubai real estate market has witnessed a significant shift as property buyers increasingly move their focus from the city center to the outskirts. This trend is driven by several key factors: 1. Affordability and Value Central Dubai properties have seen substantial price hikes, making them less accessible to a wider range of buyers. The cost per square foot in prime areas like Downtown Dubai and Palm...

Dubai, May 2024 – Samana Developers, a prominent real estate developer in Dubai, has recently partnered with Complyfin, an affiliate of Dow Jones, to enhance its compliance framework. This strategic move aims to implement Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) measures across Samana's operations, ensuring adherence to global standards. Read this also : Sharjah Real Estate...

The residential market in the UAE has kicked off 2024 with notable vigor, signaling robust activity and absorption rates that are anticipated to sustain price appreciation in both Abu Dhabi and Dubai throughout the year. This insight comes from CBRE Middle East, a leading authority in commercial real estate services and investments. Read this also : Here’s a Sneak Peek at Dubai’s New Airport:...

Emaar Properties PJSC (DFM: EMAAR) has released its Q1-2024 financial results, showcasing robust performance and operational efficiency across its various business segments. Financial Highlights Emaar reported revenues of AED 6.7 billion (US$ 1.8 billion) and a net profit before tax of AED 4.3 billion (US$ 1.2 billion), marking a 16% increase from the same period last year. This growth was driven by a...

Union Properties has reported impressive quarterly revenue and profit gains, highlighting significant progress in its ongoing turnaround plan. The Dubai developer also received favorable resolutions on several long-standing issues, strengthening its path to recovery. Quarterly Financial Highlights In Q1-2024, Union Properties generated Dh138.1 million in revenue from customer contracts, a...

Nestled amidst the opulence of Dubai's Palm Jumeirah lies a new gem in the crown of luxury real estate – an exquisite villa unveiled by Alpago Properties. Situated on the illustrious Billionaires' Row, this residence epitomizes grandeur, sophistication, and exclusivity. Dubai's real estate landscape is synonymous with extravagance, and Palm Jumeirah stands as an emblem of this unparalleled luxury....

Dubai's booming demand for office space is rapidly surpassing available supply, potentially leading to a shortage of Grade A office space by next year. Increasing Foreign Company Presence As more foreign companies establish regional headquarters in Dubai, landlords and free zones are upgrading older office spaces to meet the growing demand and capitalize on higher rents. Prathyusha Gurrapu, Director...

Dubai's skyline is set to welcome another iconic addition with the commencement of construction on the $3 billion Al Habtoor Tower, poised to become the emirate's next globally renowned landmark. Located off the Sheikh Zayed Road, Al Habtoor Tower is slated to soar to a height of 345 meters upon its completion, boasting 81 floors and over 1,700 units. Scheduled for delivery by...

Aldar Properties (Aldar) recently announced the rapid sell-out of the first two phases of its innovative active living development, Athlon, within just 48 hours of its launch. The sale generated AED 4.1 billion in sales, marking a significant milestone in Aldar's entry into the Dubai real estate market in partnership with Dubai Holding, a diversified global investment company with...

Aldar Properties (Aldar) has introduced Athlon, a groundbreaking "active living" community in Dubai that focuses on holistic wellness and community engagement. This development blends top-notch amenities with an innovative activity schedule curated by wellness specialists, aiming to foster long-term well-being and a strong sense of community among residents. Read this also : Damac Properties Unveils...