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...

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 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 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...

The International Property Show (IPS) is set to mark its 20th edition in 2024, held at the Dubai World Trade Center on February 27 and 29 in collaboration with the Dubai Land Department (DLD). As Dubai continues to shine as a top real estate investment destination, IPS 2024 aims to provide a comprehensive view of the city's dynamic property landscape, showcasing its thriving real estate...

In response to escalating demand for off-plan apartments, particularly in Dubai, Aqua Properties, a prominent UAE-based real estate company, is set to launch two groundbreaking projects totaling Dh3 billion within the next six months. Ali Tumbi, the founder of Aqua Properties, highlighted the company's innovative approach and its leading role in delivering upscale apartments and strategically positioned...

Dar Al Arkan, a leading real estate company in Saudi Arabia and the GCC, has joined forces with the renowned Italian hypercar maker Pagani Automobili to introduce the DaVinci Residential Tower in Dubai. This collaboration marks significant milestones for both entities, with the inauguration of the ultra-exclusive DaVinci Residential Tower symbolizing Dar Al Arkan's ongoing regional expansion through...

Embark on a journey of opulence as Armani unveils its latest off-plan residential project on the iconic Palm Jumeirah, marking the culmination of Dubai's real estate sales for 2023. Developed by Arada, based in Sharjah, and bearing the prestigious Armani brand, this much-anticipated project, named "Armani Residences by Arada," has captured the attention of luxury property enthusiasts. Situated on the...