Business

While downtown properties in cities like New York or Mumbai can reach $2,500 to $3,000 per square foot, prime properties in Dubai are available for around $1,000 per square foot. “This price advantage, combined with high rental returns and a business-friendly environment, solidifies Dubai as a leading choice for real estate investment. We’re thrilled to contribute to and gain from Dubai’s dynamic...

– Dubai has launched a series of initiatives under the Dubai Economic Agenda D33, aiming to double its GDP by 2033 and strengthen its global position in tech innovation, AI, and entrepreneurship.– The Government Venture Building Program, National Tech Skills Enhancement Program, and IGNYTE platform are key projects, designed to boost innovation, train 5,000 Emirati students, and support 100,000...

The UAE government’s liberal migration policies are key to sustaining Dubai’s real estate growth story, an expert said.“Dubai’s attraction is undeniable, as entrepreneurs, investors, high-net-worth individuals (HNWIs) and Ulta-HNWIs (UHNWIs) from across the globe flock to the city. A combination of legislative reforms, long-term residency options, tax advantages, and business-friendly policies have...

P.O.B1 Properties, the new real estate division of Saif Al Ghurair Real Estate Group (SAGRE), announces its first project, SerenovaP.O.B1 Properties, the newly established real estate development division by Saif Al Ghurair Real Estate Group (SAGRE), announces introducing its inaugural project, Serenova, a community-driven residential project in Dubai Silicon Oasis. The new project reflects P.O.B1...

Dubai developer makes steady progress in its turnaround plans, especially on cost and debtIn the plan drawn up to turnaround the company, Union Properties had cited bringing down its legacy debt load as a priority. Clearly, the Dubai developer is making progress on that.Image Credit: Gulf News ArchiveDubai: Union Properties saw its Q3-2024 profit drop to Dh18.37 million, but the overall 9-month performance...

ONE Development, a homegrown boutique developer with offices and showrooms in Abu Dhabi and Dubai, has revealed details of its flagship $544 million (AED2 billion) project in Dubai’s City of Arabia.Named Laguna Residence, the project is billed as the first fully AI-integrated residential development in the region, featuring the largest lagoon on a podium, centred between two iconic high-rise towers.The...

Set for completion in Q2 2027, the project spans across an expansive 7,850 sqm plot The apartments will feature private balconies or spacious terraces with stunning views of Dubai’s skyline, offering generous outdoor living spaces to enjoy with family and friends (Images: P.O.B1 Properties) P.O.B1 Properties, the newly established real estate development division by Saif Al Ghurair Real Estate...

Dubai’s real estate market has shattered all records in the third quarter of 2024, signalling an extraordinary boom that has the world talking. With both off-plan and ready-to-move properties at an all-time high, this marks a pivotal moment for anyone looking to invest or buy a home in one of the most dynamic cities on the planet!  The Dubai Land Department (DLD) has reported a staggering 142,826...

Lincoln Star Real Estate Development LLC, an upcoming leading name in the UAE real estate market, today announced breaking ground for their new luxury residential project in Dubai South with a targeted handover in Q4 2025.The project will offer a payment plan for investors which envisages a 72-month interest-free payment plan with monthly 1 per cent instalments. A total of 48 residential units including...

UAE: Dubai-based proptech firm Prypco has secured $10 million in a seed funding round.The round was led by Shorooq Partners, with participation from Apparel Group and a number of other undisclosed investors.The investment will be used to scale Prypco’s operations and accelerate its expansion in Dubai and the rest of the United Arab Emirates .Amira Sajwani, founder and CEO of Prypco, told Zawya: “We...