Dubai's real estate market is on an extraordinary upswing, driven by a substantial increase in capital inflows during the first quarter. It is projected that by 2025, high-net-worth individuals (HNWI) will contribute to a 24.6% increase in Dubai's real estate market, propelling the ultra-luxury segment to unprecedented levels. In the first quarter, the residential real estate market in Dubai reached...

In a display of community support, real estate developers in Dubai have stepped up to assist residents affected by last week’s severe rainstorm. The heavy rainfall led to extensive flooding, damage to cars, and property destruction across the city. Developers have committed to covering the cost of repairs for impacted residents, easing the burden on those dealing with the aftermath of the...

The sale of a villa worth AED 148 million in Emirates Hills has clinched a new record for real estate transactions in Dubai. This sprawling estate, boasting 19 bedrooms, fetched the fourth-highest price ever recorded for a home in Emirates Hills. Read this also : New Procedure for Dubai Landlords Seeking Rent Re-Evaluation Managed by Dubai Sotheby’s International Realty, this opulent villa now...

Dubai South Properties has awarded a lucrative contract worth AED 1.50 billion to Al Kharafi Construction Company for the construction of the third, fourth, and fifth stages of the South Bay project. The fourth phase of the project, spearheaded by Al Kharafi Construction, is already underway and slated for completion in the first quarter of 2027. This phase will comprise 138 units, including five...

Industry experts convened at a panel discussion foresee continued growth in the UAE's real estate market throughout 2024, despite global economic uncertainties. Projections indicate that Dubai and Abu Dhabi will collectively contribute approximately 34,000 and 8,000 units, respectively, to the burgeoning real estate landscape. Read this also : Zayed Housing Programme: A Key Contributor to Housing...

In a remarkable surge, the Abu Dhabi real estate market achieved unprecedented heights last year. With transactions totaling AED 87.1 billion (equivalent to $23.7 billion), the sector demonstrated robust growth and resilience. Let’s delve into the key highlights of this remarkable journey. Read More : Elevating Dubai’s Commercial Real Estate Landscape: Trends and Insights 1. Tremendous Growth in...

Dubai's Union Properties is marking a triumphant return, showcasing a remarkable Dh837 million in net profit for 2023. Positioned as a leading developer in the region, Union Properties asserts that its diligent efforts towards recovery are yielding promising results, resonating positively with investors and the broader real estate market. Read more : Ras Al Khaimah Unveils ‘RAK Central’ – Northern...

Dar Global, a leading luxury international real estate developer, has unveiled its audited full-year financial results for the period ending December 31, 2023. The company reported record-breaking revenues of $360.6 million (Dh1.32 billion), accompanied by a robust gross profit margin of 41%, totaling $146.4 million (Dh537 million). Read More : UAE Real Estate Yields Expected to Remain Strong:...

Plans for Waldorf Astoria Residences Dubai Downtown, set to be completed in 2028, have been unveiled by Hilton and NABNI Developments, a leading real estate developer in Dubai known for its prestigious properties. This project marks the first standalone Waldorf Astoria residential address outside of the US, promising to enhance the esteemed hospitality brand's global presence while redefining luxury living...

The Vestian Group has made a strategic move into the United Arab Emirates (UAE) by establishing Vestian MEA, a specialized investment advisory services firm headquartered in Dubai. With a focus on the Middle East and Africa (MEA) region, Vestian MEA aims to offer comprehensive real estate solutions to investors seeking opportunities in Dubai and across the UAE. Read More : Emerging Real Estate Hotspots:...