Business

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...

The Dubai real estate sector recorded AED17.528bn ($4.8bn) of transactions last week, according to data from the Land Department. Sales dominated the figures, with AED14.14bn ($3.9bn), according to Land Department data.In total there were 4,475 sales transactions recorded between October 14 and October 18. Dubai real estate this weekAmong the top listed sales transactions listed on the Land...

The portfolio includes 37 projects and initiatives, with an estimated cost of around AED390 million DUBAI: In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of Dubai Executive Council, and...

Jad Global launches 171 Garden Heights as it prepares to invest $272m in Dubai real estate projects    Dubai real estate developer Jad Global Real Estate Development has announced the groundbreaking of its new project, “171 Garden Heights,” with a total investment of AED250m ($68.1m).The project is located within the Jumeirah Garden City development, spearheaded by Meraas, and is part of a planned...

Ras Al Khaimah is aiming to attract more people to live and work in the emirate as its economy grows amid a property and tourism boom.Buyers are investing in property in Ras Al Khaimah as its tourism potential increases with new projects and prices lower than Dubai.Charu Bjuvestig, who moved to Dubai from London last year, shifted base to Ras Al Khaimah three months ago. She and her husband Peter invested...