Business

Residential and commercial real estate sales in Dubai reached almost $38bn in Q3 says Engel & Völkers Middle EastDubai’s real estate market is on track for sustained growth, supported by strategic infrastructure projects and increasing demand from high-net-worth individuals. Image: ShutterstockDubai’s real estate market continues to attract global interest, with combined residential and...

The project is located in Dubai South in the proximity to Al Maktoum International AirportDubai: Lincoln Star Real Estate Development LLC, an upcoming leading name in the UAE real estate market, announced breaking ground for their new luxury residential project in Dubai South with a targeted handover in Q4 2025, the company announced in a media release.The development will have a total of 48 residential...

Dubai is grappling with a shortage of around 10,000 villas, as the emirate’s booming real estate market struggles to keep pace with surging demand from buyers, industry experts told Al Arabiya English.The scarcity of villas, a popular housing option in the UAE emirate, is driving up prices and pushing developers to launch new projects in emerging areas of the city, say experts. The trend reflects...

Dubai's real estate market to record a 30 percent year-on-year growth this year September also set a new record for the highest-priced apartment sale of 2024: AED275 million for a five-bedroom apartment at The One on Palm JumeirahDubai’s real estate market recorded 18,038 transactions in September 2024, a new all-time monthly high with 73 percent of properties under construction selling as off-plan,...

Masood Al Awar, CEO of Medallion Associates. PC: ZawyaStrategic initiative aligns with Dubai’s Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33.At a time when property transactions in Dubai have jumped by 32% year over year, with the sales value up by 23%, Medallion Associates has announced its Institutional Investor Desk into the real estate market of this rapidly growing emirate.In...

Directly.xyz is an innovative platform that enables purchasing real estate in Dubai using cryptocurrency by partnering directly with developers to offer low prices on high-quality properties.The real estate market stands as one of the largest industries worldwide and is one of the deep rooted avenues for wealth-building.Having reached an impressive value of $3.9 trillion in 2023, the global real estate...

Dubai Customs will roll out a new digital platform allowing warehouse owners in the UAE to list their properties for leasing.Termed 'Airbnb of warehouses', the Warehouse Platform – which was showcased at Gitex Global 2024 – will be rolled out soon by Dubai Customs and will be a one-stop solution for warehouse owners to lease their properties across the country.The platform will simplify the process of...

Mered, a leading international real estate developer, has announced the appointment of Michael Belton as its new Chief Executive Officer (CEO).In his new role, Michael will focus on expanding the company’s portfolio in the UAE, including the development of the ICONIC Tower and Large-scale Abu Dhabi project on Al Reem Island.He is also tasked with growing the Mered team to support future growth across the...

Dubai’s growth is supported by a real estate pipeline expected to see 90,000 new homes enter market in next two yearsThe Dubai real estate sector is heading for another peak in 2024 and property sector growth is set to continue over the next two years, with a record 90,000 new homes set to enter the market.Figures released by fäm Properties underline the market’s capacity to keep pace with demand,...

If you're considering a move to the UAE, Dubai is probably the first city that comes to mind. It’s long been a hotspot for expats, particularly Indians, thanks to its tax-free lifestyle, safety, and proximity to global markets. In fact, since 2020, around 400,000 people have moved to Dubai, making it a melting pot of cultures. But, with rising living costs and a housing crunch, is Dubai still the best...