Business

Showeez Realty Brokerage Leads the Way for International Investors.Dubai has managed to hit a record high milestone in 2023 after it achieved a record residential transaction totaling 118,993-that is, an increase by 29.6% during the previous year. This spurt signifies that the overall real estate market of Dubai is booming and on a growth course, which is boosted by insatiable demand for superprime...

Located on merged Uruguay and São Paulo islands, the development will house 24 villasThe project, set for completion in Q1 2027, will begin piling works in March 2025Amali Properties has started construction on Amali Island at The World Islands development off Dubai’s coast, with three villas selling for AED 400 million before ground-breaking.The ceremony brought together officials from Amali...

The project offers a total of 54 uniquely designed apartments with a mix of one- and two-bedroom units that range from 708 sq ft to 1,695 sq ftUAE-based Amwaj Development has unveiled its latest project in Dubai - The Cube Residences - located in District 11 within the Mohammed bin Rashid City. This is its second project after the successful launch of Starlight Park.The project offers a total of 54...

With the American election just days away, many are considering whether it might be time to flee the country—or at the very least, invest in a foreign market. One of the hottest foreign markets right now is the United Arab Emirates, with Dubai real estate being especially attractive. But what is it really like for foreigners to purchase real estate there? Is the process all that different from the...

Rajab Ali Virani’s journey with VeriEstate began with a simple yet powerful insight: property buyers in Dubai often navigate the process with blind spots. Many overlook potential issues with essential systems like HVAC units or MEP (Mechanical, Electrical, and Plumbing), only realising the flaws after closing the deal. “We saw the gap first-hand,” Virani shares. “It wasn’t just about missed...

Demand for residential real estate in Dubai has increased significantly since 2022. Given the significant rise in the number of new residential launches over the past two years, we previously expected prices would stabilize and demand would abate by year-end 2024. This has not been the case.Based on Reidin's "Dubai & Abu Dhabi Real Estate Market Overview Q2 2024" report, the pace of new launches in...

Dubai has been ranked among the few cities in the world with accelerating property market growth.The emirate is ranked along with Bangkok, Berlin, Stockholm, Hong Kong, Jakarta, Paris and Warsaw where the growth of the property market is accelerating, according to global real estate consultancy JLL’s Global Real Estate Perspective. The emirate’s real estate has been consistently outperforming its...

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...