Dubai’s financial hub is now home to family offices that control more than $1 trillion in assets, a Bloomberg report stated on Wednesday.The development comes on the back of an influx of high-net worth individuals in Dubai over the past few years, it added.“Family businesses contribute significantly to Dubai’s economy,” Arif Amiri, the chief executive officer of Dubai International Financial...

The real estate market in Dubai continues to grow at an exponential rate, driven by increasing demand as an investment destination, relaxing land ownership regulations, the increasing inflow of expats to the Emirate and convenient payment plans offered by developers.The sustained demand for real estate in Dubai, especially from domestic and international investors, is demonstrated by this upsurge in...

Annual sales transaction volumes have now surpassed 151,000 and have eclipsed 2023 year-end sales by 13.4 percent Dubai real estate prices grew by 1.73 percent in October and currently stand at AED1,473 per square foot, also setting a new record highDubai’s real estate transactions are set to grow 30 percent year-on-year by the end of 2024 as the sector continues to break records for sales, prices,...

As the Dubai real estate sector break records in October it is set to end the year on a highDubai real estate transactions are set to grow 30 per cent year-on-year by the end of 2024 as the sector continues to break all records for sales, prices, mortgages and launches, according Property Monitor’s October 2024 reportThe Property Monitor research shows four records were broken last month:Prices per...

Dubai: It’s not just offplan property launches that are booming in Dubai – there are ‘islands’ too.Coming off the project pipeline is ‘Damac Islands’, located in Dubailand and with clusters such as Dubai Investments Park and Sports City just 15- to 20 minutes away.  Now, its developer Damac has set the entry price tag for townhouses (4-bedroom units with a built-up of 2,208 square feet) from...

Dubai Properties has officially launched La Tilia, the latest phase of its sought-after Villanova community in Dubailand. This phase consists of three- and four-bedroom townhouses, further expanding residential opportunities within this popular gated community.La Tilia is pioneering a new trend in Villanova with the introduction of G+2 townhouses, providing families with a unique vertical living...

Emaar Properties and DWTC partner to establish a joint venture for Expo Living, a vibrant urban community in the heart of Dubai SouthEmaar Properties and Dubai World Trade Centre (DWTC) have established a joint venture to develop Expo Living, a new residential lifestyle community at Expo City Dubai. This thoughtfully designed urban community will offer a modern lifestyle for residents seeking seamless...

Sobha Realty, a global leading luxury real estate developer, is preparing to deliver theCreek Vistas Grande development in Dubai ahead of schedule.Completing the project eight months ahead of its original timeline reinforces Sobha’s growing reputation for early delivery of high-quality developments, a trend that has become a hallmark of the company’s approach.This latest milestone within the...

(Nov 19): An investment conglomerate owned by Dubai’s ruler is weighing plans to list the commercial and residential units of its property portfolio separately, in an effort to harness the city’s real estate boom.Dubai Holding is considering bundling its malls and other commercial assets into an entity that may be listed, according to people familiar with the matter. It’s also working on packaging...

Palma Development has topped out Serenia Living in Palm Jumeirah, DubaiDubai real estate developer Palma Development has announced the topping out of Serenia Living, its AED3bn ($817m) beachfront project on the crescent of Palm Jumeirah.Serenia Living comprises four towers featuring 226 exclusive two-, three-, and four-bedroom apartments, along with presidential and half-floor penthouses, and one of...