Business

Demand for houses in Dubai continues to surge, driving up prices in the market, with the number of properties worth $1 million growing rapidly, a new report has found.House prices in Dubai are currently 19.9 per cent higher than at the same time last year and are expected to rise by an additional 8 per cent next year, real estate consultancy Knight Frank said in its Dubai Residential Market...

 Dubai’s Property Boom: House Prices Predicted to Rise Further in 2025The Dubai property market is set to maintain its upward trajectory, with house prices forecasted to increase by 8% in 2025, driven by a persistent shortage of supply, according to Knight Frank’s latest report, Dubai Residential Market Review: Special Edition.Record-breaking Growth in 2024Property prices in Dubai are currently 19.9%...

Jumeirah Village Circle emerged as the top-performing area with 1,528 transactions worth AED1.6 billion, followed by Dubai Marina with 838 transactions valued at AED3.1 billion Dubai Real Estate Market Report: November's Impressive Growth Dubai's real estate market sustained its remarkable momentum in November, recording 13,502 property transactions totaling AED40 billion, according to a market report by...

The surge in demand for branded residences in Dubai is also projected to push up their pieces by 10-20% from the estimated current average price of about $1,769 per square foot Dubai’s Branded Residences: A Magnet for Ultra-Luxury Living Dubai’s real estate market is poised for rapid growth, with branded residences leading the way. Ultra-high net worth individuals (UHNWIs) from India, Europe, Russia,...

Western Valuers, a UAE-based real estate consultancy firm, has appointed Ibrahim Emad as leader of its Valuation & Advisory team in Dubai and Abu Dhabi. Western Valuers Welcomes Ibrahim Emad as Head of Valuation & Advisory UAE-based real estate consultancy Western Valuers has announced the appointment of Ibrahim Emad as the leader of its Valuation & Advisory team for Dubai and Abu...

Several essential sectors are driving growth in Dubai’s economy which is expected to expand by 3.5 percent this year and 4 percent in 2025 Envisioning a future of growth and prosperity, Dubai has launched several plans and visions, setting a path for future growthIn recent years, Dubai has emerged as a global hub of economic activity and growth, establishing itself as a beacon of growth in the Middle...

The Dubai Real Estate Strategy 2033 eyes $272bn transaction targets and developers could turn to 3D-printing to support the ambition 3D Printing: Pioneering Dubai's Real Estate and Construction Revolution Dubai's ambitious real estate and construction goals are being propelled by cutting-edge 3D-printing technology, marking a significant shift in the industry. Aligned with the Dubai Real Estate Strategy...

December is starting on a high note. Eid Al Etihad celebrations are in full swing across several locations, while annual events such as Dubai Shopping Festival and Abu Dhabi Formula One Grand Prix are also on the calendar.Here, The National rounds up seven things to do around the Emirates, from December 2 to December 8.Monday, December 2 Expo City Dubai is celebrating Eid Al Etihad with a range of...

The UAE’s real estate sector continues to thrive, contributing around 5.5% to the nation’s GDP, according to Waya. This growth is powered by diverse business sectors, including hospitality, industrial, and food and beverage, which have fueled demand for both residential and commercial properties. High demand coupled with limited supply, especially in prime locations, has driven significant revenue...

Dubai's Luxury Real Estate Market Soars: Key Trends and Insights for 2024From January to August 2024, Bayut reported an astounding 1.8 million page views for luxury homes in Dubai, underscoring the growing global fascination with the city’s high-end property market. As Dubai continues to position itself as a hub for high-net-worth individuals (HNWIs), its allure as a haven for opulent living and...