In Dubai, property auctions offer significant markdowns to market rates Investors scouting for the best deals in Dubai’s property market should keep an eye on the auction market too, with one recent listing for a four-bedroom villa on the Palm Jumeirah set at Dh18 million. The pricing represents a significant discount to what a similar property on the Palm would be fetching outside of an auction,...
The data reveals a notable 35% upswing in Al Barari’s price per sq ft for 5-bedroom properties Dubai’s residential property sector growth superseding that of London or Singapore is passé, as the city is now competing with itself with pockets such as Al Barari posting scorching growth rates – to the tune of a 400 percent jump in property investment deals and a 35 percent rise in residential prices...
Tourism chief says Dubai will focus on remaking older destinations to offer new vibes In its updated tourism strategy, Dubai will focus as much on revitalizing its legacy destinations - such as Bur Dubai, Al Fahidi, and Souq areas - as it does building new attractions. “There’s much more we can do in a wider context - there’s Al Serkal Avenue and Al Qouz,” said Issam Kazim, CEO, of...
This launch marks the ninth of the 12 projects slated for release in 2023 by Samana Developers, reinforcing their rapid growth within the Dubai real estate market Dubai-based Samana Developers has announced its latest residential project, ‘Samana Portofino,’ in Dubai Production City, valued at AED250 million ($68 million approximately). This launch marks the ninth of the 12 projects...
A growing tenant base is seeking out communities with their own distinctiveness Under the constant pressure of finding something new to churn, real estate agents feel the pressure to up their social media game to promote not just the property but the entire Dubai real estate market. It’s almost considered a dereliction of duty if the community being promoted does not have a social...
Investors will need to pick and choose through a new wave of off-plan launches As Dubai's real estate market continues to capture global attention, questions emerge about its growth trajectory. Will the growth continue? What opportunities – and risks - lie ahead? We draw upon extensive data from DXBInteract.com to examine the value, volume, and median price per square foot for...
Sobha Realty issues $300 million Sukuk Sukuk sees a high share of international investors Dubai's Real estate developer Sobha Realty saw the successful issuance of its debut $300 million 5NC3 Sukuk, it said on Thursday. The pricing of the issuance, which includes a call feature, the first of its kind for a GCC sub-investment grade benchmark-sized Sukuk, marks a significant achievement...
Dubai continues to foster an exceptional investment climate, strong infrastructure, and ecosystem that facilitates commerce, enabling the city to outperform many global economic powerhouses I have stated this before, Dubai is still lacking behind when it comes to supply of properties meeting the growing demand and this has been seen in the real estate market through rental prices which continues to...
The collaboration with Aldar Properties will result in the development of three branded residential buildings, known as Nikki Beach Residences at Ras Al Khaimah Aldar Properties, a prominent real estate developer in Abu Dhabi, has announced a new partnership with Nikki Beach Global, a renowned luxury lifestyle hospitality company, to create a new beachfront residential community on Al Marjan Island in...
Oceanz represents Danube Properties’ 5th project of the year, featuring Italian interiors and luxury furnishings by Tonino Lamborghini Casa Dubai-based developer Danube Properties has achieved a significant milestone with the successful sell-out of one of the two towers in its latest project, Oceanz. The AED2.5 billion ($680 million) development garnered strong investor trust in the company’s...