Business

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...

DUBAI, UAE / ACCESSWIRE / November 6, 2024 / MNA Ventures, a global player in business and technology investments, is proud to hold an event in late November 2024, to celebrate 20 years of growth, innovation, and success. Since its founding, MNA Ventures has become a cornerstone in facilitating business operations and making it possible for its clients to develop and grow across borders, clearing their...

Deyaar Development PJSC (Deyaar), a leading real estate developer in the UAE, has launched RIVAGE, its first luxury residential project on Al Reem Island in Abu Dhabi. In partnership with Arady Properties PSC, this launch marks a significant milestone in Deyaar’s expansion beyond Dubai as it establishes a strong presence in the UAE’s capital.Located on Al Reem Island, RIVAGE will be easily accessible...

The Dubai-based leading real estate development management company Octa Properties aims to add 14 new branded projects under management in Dubai by June 2025, with a total value of more than Dh9 billion.This comes as branded residences and luxury projects take centre stage in the emirate's real estate development landscape. Launching branded residences is now gaining currency in the northern emirate of Ras...

The Real Estate Regulatory Authority (Rera) at the Dubai Land Department (DLD) has announced the launch of a smart application for real estate valuators called 'Taqyimee'.The launch was attended by Sultan Butti bin Mejren, director-general of DLD; Marwan bin Ghalita, CEO of Rera.Bin Ghalita affirmed that the Executive Council Resolution No. 37 of 2015 regulates all aspects of the real estate appraisal...

Continuous surge in the number of professionals from around the world moving to Dubai for work and lifestyle, coupled with the rising property prices in the emirate are cited as reasons for the expected spike in rentals next yearDubai’s real estate market is anticipated to experience organic growth, signalled by rising property values, an increase in new towers, and higher transaction volumes in both...

Drawn by low taxes, high returns, safety and its status as an international transit hub, the city of skyscrapers - Dubai - has registered rising interest from global investors, including Indian high net worth individuals (HNIs). Since 2021, Dubai's property market has recorded a consistent rise in the average value of residential property transactions, including villas and apartments.Dubai’s property...

Many landlords are becoming flexible in terms of payment from tenants and are also issuing fewer eviction notices, say industry executives.“With demand at an all-time high and rental prices continuing to increase steadily, many landlords are offering more flexible payment terms,” said Lewis Allsopp, chairman of Allsopp & Allsopp.Rental demand in Dubai is increasing rapidly, with over 140,000 new...