dubaimarketnews

Gift Solomon left her home in Nigeria to find better prospects in the UAE and she now heads a company worth over Dh15 million.When Gift Solomon arrived in Dubai in 2015, she was a 23-year-old with dreams of making it big in Dubai, a city known for opportunities. Like many who seek greener pastures, Solomon left her home in Nigeria to find better prospects in the UAE. But the journey wasn’t as easy as she...

Keyper introduces rent-now-pay-later Dubai real estate service to spread cost of renting property in the UAE.A Dubai real estate firm has announced a rent-now-pay-later (RNPL) service as it looks to transform the property rental market in the UAE. Keyper said the RNPL Marketplace gives tenants the option to pay rent in 12 monthly instalments instead of upfront for the year.The marketplace curates a...

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...

The Dubai real estate sector saw $3.6bn of transactions last weekThe Dubai real estate sector recorded more than AED13.36bn ($3.6bn) of transactions last week, according to data from the Land Department. Sales dominated the figures, with AED10.01bn ($2.7bn), according to Land Department data.In total there were 4,243 sales transactions recorded between September 16 and September 20. Dubai real estate...

MERED expands into Abu Dhabi with Al Reem Island properties make most of ADGM ecosystemDubai real estate developer MERED is strengthening its footprint in Abu Dhabi by acquiring two adjacent prime waterfront plots on Al Reem Island. This acquisition highlights MERED’s continued success and strategic growth, delivering state-of-the-art residential and commercial developments across the capital...

Prices in high-demand locations such as Dubai Hills Estate, Business Bay, and Jumeirah Village Circle surged by 15-30% compared to the previous year, the report saidPrices in high-demand areas like Dubai Hills Estate (pictured), Business Bay, and Jumeirah Village Circle have risen by 15-30 per cent year-on-year. Image: ShutterstockDubai’s real estate market has entered a period of stabilisation...

Jumeirah Islands, Mohammed bin Rashid City and Dubai South emerged as some of the most highly sought-after locations The most sought after areas for apartments this year were Jumeirah Village Circle (JVC), Dubai Marina, Business Bay, and Downtown Dubai.Dubai’s real estate market has emerged as a hub for investors and homebuyers in recent years, offering a range of properties with luxurious amenities and...

ZāZEN Properties is at the vanguard of sustainable real estate development in the UAEZāZEN Properties is at the vanguard of sustainable real estate development in the UAEThe UAE real estate sector is thriving and will see an increase in the importance of sustainable projects, according to a leading developer in the field.ZāZEN Properties announced a significant achievement with its latest project,...