Business

The last available statistics from Land Sterling show that Dubai’s property sector clocked more than 47,300 transactions in the third quarter of 2024 for AED 116.8 billion, approximately $31.8 billion. Transaction volume increased by a stunning 42 percent during the same period last year, while the value in terms of transactions saw an approximate 33 percent growth.This volume and value growth highlights...

Damac Properties, one of Dubai's largest private developers, is set to launch its own luxury airline, Damac Air.The upcoming airline has announced six sought-after holiday destinations: Seychelles, Maldives, Bali, Bora Bora, Fiji, and Hawaii.Damac has been been sharing teaser videos and content on its social media channels, and Khaleej Times has reached out to the company for further details.“We offer...

Dubai: Developers in Dubai are in a rush to launch their latest projects or release more offplan units at their existing ones – but this time it’s not just about trying to meet demand.A recent report by global rating agency S&P spoke about the chances of likely price corrections in the Dubai property market at some point in the next 18 months or so, which could ‘lead to lower prices and...

The Dubai real estate market has set a new milestone, with AED 61.5 billion ($16.7 billion) in transactions recorded in October, marking a 56% increase over the same period in 2023. This surge in activity represents the highest monthly transaction value ever recorded in the city, supported by 20,670 transactions—a significant 71% increase from October of last year, according to Property Finder.Rising...

UAE strategies for transport, investment and real estate, Qatar tourism, Bahrain Golden Visas and more of the biggest stories this weekThe UAE has announced strategies for investment, transport, savings and education in the past week as it looks to outline an environment for growth in the region.Elsewhere Bahrain has given an update on its Golden Visa scheme, Qatar is welcoming tourists from across the GCC...

UAE-based Reef Luxury Developments, a pioneer in innovative real estate solutions, has announced the launch of Reef 1000, a transformative boutique project featuring 125 unique homes located in the Dubai Land Residential Complex.An AED175 million project, Reef 1000 offers a variety of floor plans, including studio units with four different ranges, a one-bedroom unit with eight types, two-bedroom units with...

Camilla Dell, Managing Partner and Founder of Black Brick, a premier buying agency specializing in London real estate, is gearing up for a notable visit to Dubai and Riyadh in November. This strategic trip aims to connect with Middle Eastern investors and shed light on the enduring appeal of London's property market, even amid shifting economic landscapes.London continues to capture the interest of Middle...

An aerial view of Dubai Marina. In October 2024, the existing market recorded the highest volume and value of transactions ever, touching 7,140 transactions. — File photoOctober was an outstanding month for Dubai’s real estate, with the highest values being recorded for a month ever. A total of 20,670 transactions were recorded, leading to a 71 per cent increase compared to October 2023. The value of...

Butterfly Towers is an AED 350 million luxurious project with 434 residential units Butterfly Towers is not just a residential development; it’s a transformative vision that blends luxury and sustainability, setting a new standard for urban living in Dubai.”— Marwan Al SayyahUNITED ARAB EMIRATES, November 6, 2024 /EINPresswire.com/ -- Al Sayyah Group, a leader in Dubai's real estate Industry, with...

Dubai Grade A office rents up by an average of 25 per cent, with one neighbourhood seeing 44 per cent hikesDubai’s commercial office market is reaching new heights, with unprecedented demand driving occupancy rates and rental growth across prime business districts, according to the Savills Q3 2024 Dubai Office Market report. Driven by a substantial rise in new business registrations and expansion...