Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai and Vice-President of the United Arab Emirates, has approved the master plan for the expansion of the Dubai Exhibition Centre in Expo City. The plan calls for expanding the exhibition space from 58,000 square meters to 180,000 square meters. Additionally, there will be 600 annual events instead of just 300. After the expansion, the location is...
Developer Arada has completed the second and third phases of Masaar, a massive forested project located in the Suyoh district of Sharjah. After reaching 50% completion, all 986 homes in the Kaya and Robinia districts have started the handover process, making it one of the most exciting new master communities in the UAE. Townhomes and villas in Kaya and Robinia range in size from two-bedroom townhouses...
A part of Dubai Holding Real Estate, Meraas has announced the opening of over 200 new residences at its upscale community of standalone villas at The Acres in Dubai. As the first release sold out to more than half of the community, the most recent release satisfies the growing demand for eco-conscious and nature-inspired living, according to the developer. Located in the center of Dubailand, The...
Global investors are still drawn to Dubai real estate, as evidenced by the 40% increase in sales value in August alone. The amount of transactions reached 36.9%, or $12.9 billion. According to a senior official, the real estate market in Dubai has emerged as a new haven for astute investors with long-term plans. The CEO and co-founder of Juwai IQI, Kashif Ansari, referenced a recent UBS report that...
The development marks the Binghatti’s return to the area after a two-year absence, driven by market demand Dubai-based property developer Binghatti has unveiled its latest project, Binghatti Ghost, in Al Jaddaf. The development marks the company’s return to the area after a two-year absence, driven by market demand. The developer claims its previous projects have recorded up to 40...
The goal of Azizi Developments is to construct a 725-meter-tall skyscraper on Dubai’s Sheikh Zayed Road, which will eventually be the second-tallest building in the world. And not too far from the Burj Khalifa, the world’s tallest structure at 828 meters. Today, the tower’s height was formally declared. The “Burj Azizi,” a freehold residential tower, will have more than 131 stories and...
Leading developer in the UAE, SOL Properties, announced that it has started work on the upscale residential “Fairmont Residences Solara Tower Dubai,” which will further elevate the local real estate market by utilizing cutting-edge energy-efficient technologies and strict green building guidelines. Under Fairmont Hotels & Resorts, a globally renowned luxury hotel brand under the Accor group,...
Dubai’s real estate market is booming, but buyers face specific financial requirements and hidden costs – here’s how much you should be earning to buy property worth $1 million, according to experts Dubai’s real estate market is booming, with property transactions hitting record highs. As local and international investors pour into the emirate, the $1 million price point has become a key...
The United Arab Emirates is the most accommodating place for the wave of executives who have become digital nomads since the pandemic. Savills, a real estate broker, conducted research and ranked 25 premium residential markets based on how appealing they were to long-term remote workers. According to Savills, senior hybrid workers in the finance and consulting sectors are flocking to Dubai and Abu Dhabi...
To sustain the momentum in off-plan property sales, more developers in Dubai are beginning to provide monthly payment plans of 0.5% per month. In the past, some of the city’s top developers had a one percent monthly payment plan as standard. At this point, some of them have begun to offer it for particular projects, while others are going above and beyond by expanding the program to include all of...