Business

The first phase will develop six sites in Al Mueisim 1, Al Twar 1, Al Qusais Industrial 5, and Al Leyan 1 Dubai to Develop 17,080 Affordable Housing Units Dubai has earmarked 1.46 million square meters of land for the construction of 17,080 residential units as part of its Affordable Housing Policy, further solidifying its commitment to diverse and inclusive urban development. His Highness Sheikh Hamdan...

FBR Uncovers Alleged Money Laundering by 70 Real Estate Agents in Pakistan ISLAMABAD – The Federal Board of Revenue (FBR) has reportedly identified at least 70 real estate agents allegedly involved in money laundering through illicit dollar transfers to the United Arab Emirates. According to a recent report published by a local source, these agents have been using the Hundi-Hawala system for...

Dubai’s property market continues its rapid expansion, with residential sales reaching AED 120 billion ($32.7 billion) in the third quarter of 2024, driven by an influx of high-net-worth buyers. Ultra-Wealthy Investors to Inject $4.4 Billion into Dubai Real Estate in 2024 According to the latest report from Knight Frank, individuals with assets exceeding $20 million are expected to invest a staggering...

The off-plan segment has emerged as a significant driver of Dubai’s villa market, with buyers becoming increasingly willing to commit to properties under development. Dubai’s residential real estate sector continues to thrive, with luxury villas witnessing a surge in demand. High-net-worth individuals (HNWIs) and expatriate families are increasingly gravitating toward exclusive living spaces,...

Dubai Land Department Partners with REACH to Launch REACH Middle East, Driving Proptech Innovation Dubai Land Department (DLD) has teamed up with REACH to introduce REACH Middle East, an initiative designed to attract proptech startups and foster innovation in the real estate sector. This collaboration aims to provide startups with valuable mentorship, investment opportunities, regulatory insights, market...

The two will launch a new entity – REACH Middle East – an initiative that aims to attract emerging proptech companies to Dubai and the region Dubai Land Department and REACH Collaborate to Drive Real Estate Innovation in the Middle East The Dubai Land Department (DLD) has entered into a strategic partnership with REACH, a globally acclaimed real estate technology accelerator, to enhance innovation in...

This exclusive collection of 24 bespoke units will take shape in one of the city’s most prestigious locations (to be announced) Dubai, UAE – Alta Real Estate Development has teamed up with the renowned Parisian fashion house Maison Margiela to introduce the brand’s first-ever residences, a groundbreaking concept poised to redefine boutique living in Dubai. This exclusive collection of 24...

The number of homes available for sale in the $10 million+ bracket fell 40 percent, down to only 2,491 homes over the last 12 months Dubai's real estate market experienced significant growth in 2024, with residential property prices increasing by 19.1 percent over the past year to reach AED1,685 per square foot, as per the latest findings from global real estate consultancy Knight Frank. This surge...

In the United States, growth in the luxury housing market is outperforming most other real estate Luxury Real Estate Prices Surge in 2024, Led by Asia and the Middle East 🌍🏡 The global luxury real estate market experienced significant price increases in 2024, with Asian and Middle Eastern nations leading the charge. Despite persistently high interest rates discouraging many from investing in new...

DG 129 in Discovery Gardens, Dubai offers a selection of standard and upgraded residences, with prices starting at AED530,000 Nuom Properties Appoints Betterhomes as Exclusive Manager for DG 129 in Discovery Gardens Nuom Properties has partnered with Betterhomes to exclusively manage DG 129, the only residential development in Discovery Gardens featuring spacious two-bedroom apartments. A Unique...