In the past three years, Dubai’s luxury real estate market has experienced a remarkable transformation that has established its position as the world’s top destination for wealthy individuals. Due to the city’s successful handling of the COVID-19 pandemic, as well as forward-thinking projects and a sharp increase in the demand for opulent real estate, Dubai has gained fame as a refuge for opportunity...
According to a media release on Thursday, the Como Residences Penthouse by Nakheel is now the most expensive penthouse sale in Dubai. The unit brought in a staggering Dh500 million upon sale. With five bedrooms and 21,949 square feet, the penthouse is spacious. After everything is finished, homeowners will have private elevator access for total seclusion and safety. Based on data from the Dubai Land...
Emaar Development has seen a 25 per cent increase in property sales this yearEmaar Development has reported a surge in property sales as it sustained its momentum in property sales in Q3. The company’s property sales increased by 25 per cent, reaching AED28.9bn ($7.9bn) in the first nine months (January to September) of 2023 compared to AED23.2bn ($6.3bn) for the same period in 2022. This...
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 emerged as the “it...
The booming property market means residents will have to look carefully before considering a purchase With the Dubai real estate market booming, some residents have felt the pinch as property prices skyrocket beyond easy reach. However, while some property could take upwards of a century to own with an average salary, other areas still have affordable options, according to a study by Dubai proptech...
Property Finder research shows key trends in the Dubai property sector The Dubai real estate sector saw an increase of more than 80 per cent in the value of existing property transactions in October, compared to the year before, according to Property Finder research. The month saw 7,128 real estate transactions worth a total of AED29.7bn ($8.1bn), recording a 17.46 per cent increase in value compared...
In the face of heightened geopolitical tensions, climate change concerns, and trade barriers that have raised questions about the future of the global economic order, the UAE has demonstrated extraordinary resilience, the Minister saidThe UAE has showcased resilience and economic diversification amid global challenges, Abdullah Bin Touq Al Marri, the Minister of Economy for the UAE said at the Dubai...
The company also announced a first-of-its-kind 10/90 payment plan, under which buyers need to make a 10 percent down payment, followed by 1 percent payments for 90 months Karma Developers’ new luxury residential project, Olivia Residences, coming up at Dubai Investment Park (DIP), will carry price tags starting at AED680,000 for units, the company said. The company also announced a...
The upcoming Dubai Metro Blue Line will serve to bridge the existing Red and Green lines, covering a total distance of 30 kilometresDubai’s Roads & Transport Authority (RTA) has reached out to contractors for their interest in a significant infrastructure development.the RTA invited contractors to participate in the design and construction of the new Blue Line for the Dubai Metro...
Average rental prices in Dubai’s prime residential villa communities such as Jumeirah Golf Estates and Arabian Ranches saw a decrease between the third and second quarter of 2023Dubai’s prime residential communities have seen a rent decrease of an average of 21 percent in the third quarter of 2023, according to a new report by Allsopp & Allsopp. The report suggests that the rental market saw...