dubaimarketnews

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...

From Mercedes-Benz to Porsche to iPhone 16 Pro Max and even holiday trips and expensive watches — this is how Dubai developers reward brokers who sell properties briskly and bring them business worth hundreds of millions of dirhams.Developers hold annual, semi-annual as well as quarterly awards to reward brokers, depending on the performance of their projects.The role of real estate brokers is highly...

The flourishing Dubai real estate sector is being driven by off-plan property sales Dubai Real Estate Market Surges in Q3 2024: Off-Plan Sales Lead the Way Dubai’s real estate market showcased remarkable resilience in Q3 2024, with off-plan property sales soaring by over 50% year-on-year (YoY), according to JLL’s Market Dynamics report. The city’s robust economic fundamentals and strategic...

Dubai’s Luxury Real Estate Takes Center Stage with Exclusive Private Island ListingDubai’s luxury real estate market continues to captivate global attention with the introduction of a remarkable 420,000-square-foot private island in the prestigious World Islands project. This exclusive property, classified as residential, is poised to attract global billionaires and celebrities seeking unparalleled...

Targeting UHNWIs Seeking Premium Real EstateDiscovery Dunes, a groundbreaking private residential community in Dubai, is setting its sights on ultra-high-net-worth individuals (UHNWIs) seeking unparalleled luxury and exclusivity. This unique development promises to elevate the city’s reputation as a global hub for elite living.The demand for ultra-luxury properties in the UAE has surged in recent years,...

The Rise of Mid-Income Housing: Shaping Dubai's Future Property MarketDubai is witnessing a rapid surge in population, driven by a growing influx of local residents and international professionals. According to the Dubai 2040 Urban Master Plan, the city’s population is expected to nearly double, rising from 3.3 million to 7.7 million by 2040. This remarkable growth is fueling a high demand for diverse...

Arabian Hills Real Estate Development Launches Phase II of AED 22 Billion Residential MasterpieceIn a groundbreaking move for Dubai’s real estate market, Arabian Hills Real Estate Development has unveiled Phase II of its flagship project, Arabian Hills Estate, a luxurious residential community valued at AED 22 billion ($6 billion). Spanning an impressive 244 million square feet, this expansive...

Why Dubai's Real Estate Market is the Ultimate Investment DestinationDubai, UAE – At just $438 per square foot on average, Dubai’s property market offers unmatched value compared to global cities like London and New York. Despite its iconic reputation for luxury and cutting-edge amenities, Dubai remains surprisingly accessible, attracting a diverse pool of buyers. Investors can tap into a market that...