Business

Dubai Marina, Downtown Dubai and Palm Jumeirah have solidified their position as top areas for buying luxury apartments Residential Real Estate Sales Surge in Dubai with Record Growth in H2 2024 Dubai’s residential real estate sector witnessed a remarkable 31% year-on-year increase in sales during the second half of 2024, reaching a staggering Dh232 billion, according to a recent report. The findings,...

The existing regulation will still be used to calculate any percentage increases to the rental amounts when the market is going up Question: I recently read about a new smart rental index introduced in Dubai's real estate market. Can you explain what it is and how it differs from the previous system? - CT, Dubai Answer: The Dubai Land Department (DLD) has rolled out an advanced version of the former Rera...

The Fazza International Championships will feature four major tournaments, attracting athletes from over 70 countries Dubai Land Department Collaborates to Support Fazza International Championships for People of Determination 2025 The Dubai Land Department (DLD), in partnership with the Dubai Club for People of Determination and the Dubai Sports Council, has announced an innovative real estate...

Dubai's Thriving Real Estate Market: A Global Beacon of Growth Despite global challenges, Dubai’s real estate market continues to thrive. While other regions face declining demand and slower growth, Dubai stands out, particularly in the luxury property segment. The city has become a dependable choice for individuals seeking smart and secure investments. Real estate developers play a vital role in shaping...

Dubai Real Estate Market Sees Remarkable Revenue Growth in 2024 The Dubai government has announced an impressive rise in revenue generated from the real estate sector in 2024. Sales in this sector saw a 20.6% increase, reaching a total of Dhs20.9 billion—equivalent to approximately Dhs1.74 billion per month. This marks a significant growth compared to 2023, where sales amounted to Dhs16 billion or about...

This initiative reflects Sobha Realty’s acknowledgment of the collective efforts driving its continued success. Sobha Realty Continues Special Bonus Program to Reward Employee Dedication Sobha Realty, a prominent global luxury real estate developer based in Dubai, has unveiled the extension of its special bonus program for employees, further emphasizing its commitment to recognizing their dedication and...

Hussain Sajwani: A Visionary Leader in Global Real Estate Hussain Sajwani, the visionary founder and chairman of DAMAC Properties, has earned his place as a prominent leader in the global real estate industry. Recognized for reshaping Dubai’s skyline with opulent developments, Sajwani’s journey reflects ambition, determination, and remarkable strategic thinking. Rising from modest beginnings in the...

The company said Phase 1 of Arisha Terraces is already sold out. QUBE Development Breaks Ground on Arisha Terraces in Dubai Studio City QUBE Development, a prominent real estate developer in Dubai, has officially commenced the construction of its latest residential venture, Arisha Terraces, in the vibrant Dubai Studio City. Set for completion in 2027, Arisha Terraces will showcase 414 meticulously...

Berkeley Place boasts 127 meticulously designed apartments, including studios, one-bedroom, and two-bedroom units. Ellington Properties Unveils Berkeley Place: A New Residential Marvel in MBR City Ellington Properties proudly announces the completion and handover of its latest residential project, Berkeley Place, located in the prestigious Mohammed Bin Rashid City (MBR City). Berkeley Place is a...

The U.A.E. real estate tycoon and friend of Donald Trump’s has a history of flamboyant marketing and audacious projects, but will he be able to come up with the promised $20 billion? Hussain Sajwani makes his case from Mar-a-Lago. Donald Trump and Hussain Sajwani Collaborate on $20 Billion U.S. Data Center Investment Donald Trump, the President-elect, continues to make waves with high-profile deals even...