Property Finder, the leading real estate portal in the Middle East, has raised $90 million in debt financing from Francisco Partners, a prominent global investment firm. This strategic move aims to bolster Property Finder's growth and expansion efforts in the competitive real estate market. Read this also : Surging Demand for Office Space in Dubai Spurs Pre-Leasing Trends Strengthening Market...

Dubai has emerged as the wealthiest city in the Middle East, boasting a population of 72,500 millionaires according to a report by global intelligence provider New World Wealth and Henley & Partners. The city ranks 21st among the wealthiest cities globally, with a notable increase in the number of millionaires—78%—over the past decade. Read this also : Ohana Development...

Bloom Holding, a leading real estate development company in the United Arab Emirates, announced the complete sellout of Olvera, the latest phase of the Bloom Living community. The rapid sales reflect strong interest from both buyers and investors in the townhouses offered in this sixth phase of the development. Read this also : Jumeirah Unveils New Brand Identity Amid Major...

The real estate market in Abu Dhabi has experienced significant growth in the first quarter of 2024, driven by strong interest from foreign investors and rising sales prices, especially in high-end neighborhoods. Data from Bayut, a leading UAE real estate portal, indicates an increase of up to 6% in luxury apartment and villa sales prices in sought-after areas. On Saadiyat...

During the first quarter of 2024, Dubai has witnessed a surge in property development projects, with both local and international developers launching new projects at a remarkable pace—averaging more than one per day. According to preliminary data from Cavendish Maxwell’s Property Monitor, nearly thirty new off-plan projects were launched in March 2024, adding approximately 10,000 units to the...

Emaar Properties has announced its intention to provide free repairs for homes within its Dubai communities that were impacted by the intense rains earlier this week. In response to the adverse weather conditions and heavy rains experienced in Dubai, Mohamed Alabbar, chairman of Emaar Properties, stated, "Emaar will undertake the repair of all properties within our communities damaged by the recent...

Ras Al Khaimah's real estate landscape has undergone a remarkable transformation in recent years, with a surge in major projects reshaping the local market. Branded residences, luxury hotel brands, and lavish developments have positioned Ras Al Khaimah as a prime destination for real estate investment within the United Arab Emirates. The Bayut 2023 RAK Market Report highlighted unprecedented demand in...

In March 2024, the real estate sector in Ajman experienced a substantial surge, with transactions totaling AED 1.46 billion, marking a noteworthy increase of over 49.9% compared to the same period in 2023. Engineer Omar bin Omair Al Muhairi, the Director General of the Department of Land and Real Estate Regulation in Ajman, revealed that 1169 transactions took place during this period. Notably, the Al...

Ras Al Khaimah (RAK) is set to redefine its commercial landscape with the launch of 'RAK Central,' touted as the largest business district in the northern Emirates. This expansive mixed-use development, spearheaded by Marjan, promises to elevate Ras Al Khaimah's status as a thriving business hub with Grade A offices and stunning vistas of the Arabian Gulf and Al Hamra Golf Club. Read more : ValuStrat...

February 2024 witnessed a robust surge in Sharjah's real estate transactions, totaling an impressive $844 million, as reported by the Sharjah Real Estate Registration Department's "Real Estate Transactions and Mortgages Movement" report. Across various regions and cities, a total of 4,458 real estate transactions were recorded, underscoring the emirate's continued growth and prosperity in the property...