Dubai News

The consistent rise in rentals over the past three years has boosted property owners’ incomeProperty owners in Dubai on average earn over Dh13,000 or 41 per cent more than tenants, reflecting a significant difference in income, according to a new study.Released by real estate consultancy Betterhomes, 'The Future Living: The Dubai 2024 Edition' showed tenants’ average income is Dh32,303 while property...

Centi-millionaire communities have grown globally by 54 percent over the last decade America and China have experienced a centi-millionaire boom, significantly outperforming their European counterpartsCenti-millionaire communities currently include 29,350 individuals worldwide with liquid investable assets of $100 million or more, according to the Centi-Millionaire Report 2024 by Henley & Partners....

Many owners will put their properties on short-term rental platforms as demand increases due to tourist inflow, according to Danube Properties chiefDubai property market is unlikely to experience an oversupply over the next four to five years, even with numerous launches in recent years, as high demand is expected to absorb the new supply.Rizwan Sajan, founder and chairman of Danube Properties, said there...

Eywa stands out as the first residential development to integrate modern technology with ‘ancient wisdom’International developer R.Evolution has announced the commencement of construction on its groundbreaking Eywa project in Dubai.The news comes following Eywa’s recent accolades at the International Property Awards in London where it was recognised as the World’s Best Property and Best...

Land sales show biggest increase as 16,159 transactions underline city’s position as a prime destination for property investmentDubai’s real estate market has experienced another strong month, with property sales in August totalling AED 47.3 billion, a 40.8% increase in value on the same month last year.A market update issued today by fäm Properties reveals that last month’s total of 16,159...