Dubai International (DXB) achieved a milestone by DXB Welcomes Record 44.9 Million Guests in First Half of 2024, Boosting Dubai’s Economy. This significant achievement sets a new benchmark for its impact on the city's economic landscape. With an 8% increase in visitors compared to the previous year, DXB has strengthened its position as the world's top gateway. This growth is attributed to the...

The UAE's real estate market is projected to reach a staggering $710 billion by the end of 2024. Embracing sustainability is becoming increasingly crucial for Dubai's real estate industry, aligning with the ambitious goals outlined in the UAE Net Zero 2050 and Dubai 2040 Urban Masterplan. Dubai stands as a global leader in sustainability, ranking third worldwide with over 400 projects certified by LEED....

A recent report highlights the persistent supply constraints in Saudi Arabia's real estate market, contributing to significant increases in both office rents and residential property prices throughout 2023. CBRE's latest findings reveal a notable surge in average office rents for Grades A and B units in Riyadh, with rates soaring by 13% to 22.2% over the twelve months leading up to the fourth quarter of...

Following three days of fruitful sessions, the Real Estate Future Forum 2024 came to an end on Wednesday. The event saw the signing of more than 50 agreements and memoranda of understanding (MoUs) totaling more than SAR 100 billion. New developments, major issues, developing trends, and viable financing options for the real estate sector were the main topics of discussion at the forum. Read this also...

Dubai is poised to maintain its dominant position in the GCC real estate market throughout 2024, building on a stellar performance that accounted for over half of the GCC's transactions valued at $171.6 billion in 2023, according to realty analysts. The strategic insights provided by Kamco Invest underline the strength of Dubai's real estate sector, projecting a sustained leadership role in the...

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...