Designers and luxury brands cash in on Dubai’s construction boom as the emirate’s real estate market records a rapid surge in branded residences, with many more in the pipeline, industry insiders told Arabian Business.Dubai’s upscale residential sector is experiencing an unprecedented surge in the demand for luxury real estate.Experts highlight the potential for significant gains […]
Dubai: Como Residences Penthouse by Nakheel has become Dubai’s most expensive penthouse sale, a media statement said on Thursday. The unit was sold for a whopping Dh500 million. The penthouse sprawls over 21,949 square feet and has five bedrooms. On completion, residents will enjoy exclusive access via a private elevator, for complete privacy and security. The Palm […]
Wasl Tower, an upcoming 64-storey building in Dubai, is set to become one of the tallest structures in the world to incorporate ceramic fins as a renewable solution for energy efficiency, ahead of COP28. The tower’s use of ceramic fins aligns with the UAE’s commitment to sustainability, particularly during the Year of Sustainability, the Dubai […]
According to research, Dubai is the top option for Americans looking to live overseas, surpassing New York, Miami, and Paris. According to financial services firm Remitly, the most popular destination for foreign visitors is Dubai, based on a 12-month analysis of Google search data. After 164 countries’ “move to city” phrases were examined, Dubai consistently […]
Dubai has announced a AED246.6bn ($67.1bn) budget for 2024-2026. In his capacity as Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, approved the Government of Dubai’s general budget for the fiscal cycle of 2024-2026, with total expenditures of AED246.6bn ($67.1bn). Sheikh Mohammed also approved Law No. […]
The first two phases of Haven by Aldar were completely sold out, according to Abu Dhabi-based Aldar Properties, with over three-fourths of the units being purchased by foreign buyers and expat residents. In the first phase, the master developer released 318 units and 468 units. In the subsequent stage. Over Dh3.1 billion was made in […]
In the third quarter of 2023, Dubai’s residential rents increased by 27.2 percent from the same period the previous year and by 2.1 percent from the preceding quarter. Villa rentals increased 38.7% yearly, but there was no movement from the previous quarter, according to ValuStrat’s Q3 report. Three-bedroom villas are rented for an average of […]
Aldar, a master developer based in Abu Dhabi, is introducing its extensive expertise in building mixed-use communities to Dubai with the opening of “Haven by Aldar,” situated across from Al Habtoor Polo Resort along the E611 corridor. Out of a total of 2,428 units, the first lot of 462 wealthy residences at Haven will go […]
The UAE’s commercial real estate market is still doing well, and things are looking up, according to a survey released on Wednesday. Topline indicators demonstrated the ongoing strength of the UAE commercial real estate market, according to the Royal Institution of Chartered Surveyors (RICS) Q3 2023 Global Commercial Property Monitor. The office sub-sector saw the […]
The Dubai real estate market saw significant movements during Q3 2023, with a particular focus on capital gains, property valuations, and sales transactions across various segmentsThe Dubai real estate market, during Q3 2023, saw the highest quarterly capital gains in a decade, according to a new report by ValuStrat.In the housing sector of the Dubai property […]
