Business

Many tenants in Dubai are moving to Sharjah and northern emirates due to increase in rents, increased quality developments, and hybrid work arrangements that offer more locational flexibility to employees.This is the third cycle, akin to the previous two cycles of 2009 and 2014, where tenants are locating to northern emirates to beat rising rentals. Industry executives suggest that tenants can save around...

Abu Dhabi and Dubai real estate markets among most improved in the world in terms of transparencyDubai and Abu Dhabi real estate markets are among the most improved in the world for transparency, according to a global sector survey. The UAE cities secured places among the top five improvers in the transparency score globally, according to JLL’s 2024 Global Real Estate Transparency Index...

Knightsbridge by LEOS Developments will feature 66 upmarket villas in an exclusive Dubai real estate communityA new Dubai real estate development will bring a hint of upmarket London style to the UAE property sector.LEOS Developments has announced the official unveiling of its latest project, Knightsbridge, with a gross development value of AED1.75bn ($476m) located in the heart of Meydan in District...

Dubai: Azizi Developments has set a clear sight on what it’s aiming for – build a 725 metre high tower on Dubai’s Shaikh Zayed Road that will eventually rank as the world’s second tallest. And within a short distance of the world’s tallest tower, the Burj Khalifa standing at 828 metres.The height of the tower was formally announced today.A freehold residential tower, the ‘Burj Azizi’ will...

Dubai’s real estate market is booming, but buyers face specific financial requirements and hidden costs – here’s how much you should be earning to buy property worth $1 million, according to expertsThe typical down payment for a $1 million home in Dubai is 20%. Image: ShutterstockDubai’s real estate market is booming, with property transactions hitting record highs. As local and international...

Developers are flocking to Dubai at high speed to capitalise on the many opportunities presented as the population rises and more businesses settle their base here.And the Indian company, Sunrise Capital has taken note of this - as they are coming to Dubai with a massive development, or shall we say a massive range of multiple developments up their sleeve.Let us share everything you need to know about...

Purchasing properties in Dubai will become much smoother and faster as registration time will now reduce from days to minutes after the Dubai Land Department contracted a deal with the top seven developers of the emirate, permitting them to use its registration system to manage all real estate transactions.The deal will help in empowering the developers and significantly raise the registration...

The rise of tokenisation and blockchain technology in Dubai – and larger UAE – is also boosting fractional ownership of real estate assets, even encompassing various high-value assets such as vacation homesThe rising trend of tokenisation has come as a major boost to fractional ownership in the real estate sector. Image: ShutterstockTokenisation is the new buzzword in Dubai’s real estate sector, fast...

Villas outperformed apartments, with the villa sub-index achieving 232.1 points compared to 149.6 points for apartments in Dubai, the report saidDubai’s residential property market showed robust growth in July 2024, according to the latest ValuStrat Price Index (VPI) report.The VPI grew 2.2 percent monthly to reach 178.2 points, representing a 28.5 percent annual increase.Villas outperformed apartments,...