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NEWS

Dubai branded residences boom as construction double by 2030

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 […]

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NEWS

Most expensive penthouse in Dubai sold for Dh500 million

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 […]

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NEWS

Sheikh Mohammed announces $67bn spending plan

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. […]

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NEWS

Dubai residential rentals increased 27.2% in Q3 of 2023

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 […]

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NEWS

Dubai’s commercial property market is growing strongly

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 […]

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NEWS

Dubai Real Estate market reaches all new highs in Q3

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 […]

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