Business

The 13-floor project will feature 121 residences, comprising studios, one and two-bedroom apartmentsThe Real Estate Strategy 2033 is designed to grow property transactions to more than $272 billion (AED 1 trillion) within ten years. Image: ShutterstockDubai-based KASCO Group announced the launch of its second off-plan residential project, VAL in Al Jaddaf Waterfront.The 13-floor project will feature 121...

Dubai’s real estate market has been consistently showing remarkable growth, with over 163,000 transactions amounting to more than Dh544 billion in the first nine months of 2024, and shows promising signs for the year ahead, an industry veteran said.“Looking ahead to the new year, I am optimistic that the market will continue to thrive. We can expect to see further developments taking shape, with growth...

For years, overshadowed by its neighboring emirates of Dubai and Abu Dhabi, Ras Al Khaimah (RAK) is now stepping into the spotlight as one of the UAE’s most promising real estate hotspots for property investors. Forging a new path with ambitious developments, boosted by government-backed initiatives and a booming tourism industry, RAK has transformed into the rising star of the UAE real estate.Just an...

The project, located near Dubai Marina Mall and key transport links, offers fully-furnished studio and one-bedroom apartments with the option to combine unitsRove Hotels and IRTH Group have unveiled a new residential development in Dubai Marina that promises to redefine urban living through wellness and community-focused design.The project, located near Dubai Marina Mall and key transport links, offers...

Dubai, UAE – DHG Properties, a Swiss real estate developer with over three decades of expertise, states that Dubai’s real estate market continues its robust growth with total transactions reaching AED 1.57 billion over the past month. In a market where off-plan properties represent an increasingly vital share, DHG’s Helvetia Residences stands as a model of quality, blending European design precision...

First APAC Fund VCC (Fund), a leading Singaporean investment fund, has signed a Memorandum of Understanding (MOU) to invest up to Dh5 billion in Dubai-based AMIS Development. The partnership reflects the Fund’s confidence in Dubai’s real estate market and AMIS Development’s reputation for high-value luxury developments.AMIS Development has multiple upcoming projects in major areas of Dubai that have...

Dubai, UAE – Izdihar Real Estate Fund (Izdihar) has successfully concluded the sale of Emaar Business Park – Building 3, a premier Grade-A commercial property located on Sheikh Zayed Road, for AED 233 million. The fund is managed by Oman headquartered Bank Muscat, and the subject sale represents the first exit for the fund within the UAE.The landmark transaction was structured by the leading property...

The overall super-luxury real estate market in Dubai continues its strong showing this yearPalm Jumeirah and Jumeirah Bay Island are the top choices for ultra-high-net-worth individuals (UHNWIs) in Dubai, accounting for a substantial 48% of all transactions valued at AED 50 million or more during the first ten months of 2024, according to data from Metropolitan Premium Properties (MPP), a full-service...

The current shift to affordable housing options in Dubai’s residential real estate is taking interesting turns, with buyers with substantial budgets are seen splitting them to acquire two properties rather than one – one for self-use and the other for renting out, industry insiders said.This dual-property strategy is also reshaping Dubai’s rental market, with apartments in less central areas such as...

Dubai's real estate market is flourishing, offering unparalleled opportunities for investors. Among its standout developments, Palm Jebel Ali emerges as a compelling alternative to the iconic Palm Jumeirah, backed by solid data and a strategic edge.This article dives into the key metrics, unique advantages, and long-term growth potential that make Palm Jebel Ali a standout investment option, providing a...