dubaimarketnews

Dubai  – A landmark sale has set a new record in Dubai's real estate market. A fully upgraded, ready apartment on Jumeirah Bay Island, also known as Bulgari Island, has been sold for a staggering price close to AED 17,000 per square foot—the highest ever achieved for a ready apartment in the city.This historic transaction was handled by esteemed real estate agents Lina Allaoa and Kianoush Darban of...

Dubai, UAE – According to the latest UAE Industrial Market 2024 report by Cushman & Wakefield Core, both Dubai and Abu Dhabi are seeing significant industrial development, with rental rates rising and strong demand seen in key hubs such as Dubai South, Jebel Ali Free Zone (JAFZA), and Abu Dhabi’s KEZAD Al Ma’Mourah.The report highlights that Dubai’s warehousing and industrial rental rates have...

Dubai Land Department and Federal Tax Authority team up to ensure correct tax collected in Dubai real estate salesDubai real estate tax rules will be made clearer as the Land Department teams up with Federal Tax Authority to streamline VAT collection on property sales. The Federal Tax Authority (FTA) and the Dubai Land Department have strengthened their strategic partnership to provide innovative...

The dashboard provides a comprehensive overview of all real estate listings online, whether for sale or rent On the sidelines of the exhibition, DLD will sign several agreements with both the public and private sectorsThe Dubai Land Department (DLD) showcased its key achievements in real estate governance and cutting-edge digital solutions as it participated in Gitex Global 2024.Dubai Market Intelligence...

MZ Realty is a new platform that aims to reshape the investment landscape through innovative approaches like Fractional Investment. It focuses on real estate investment, property sales, and management in Dubai’s booming property market.United Arab Emirates - October 15, 2024 Leading real estate entrepreneur Mohammed Zohaib announces the launch of MZ Realty, a platform specializing in fractional...

Muskkan Chelani, a real estate marketer, invests in Indian stocks, gold and a clothing businessMuskkan Chelani, who works as a marketing manager at a Dubai-based real estate company, realised she needed to be financially independent at the age of 16 when her family were going through a hard time.She used her enterprise to design and sell event invitations and gradually scaled up her skills to bag...

Dubai property developers target young professionals and the rapidly growing middle class with affordable housing amid rising rents.The Dubai real estate sector is seeing a shift towards mixed-use developments of late that combine residential, commercial, and leisure spaces amidst talks about a moderation in the market growth rate, industry experts said.Besides, affordable housing is emerging as the new...

Dubai: A new initiative to establish a sustainable charitable endowment to support the food needs of low-income families was launched in Dubai on Sunday.The Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai), in collaboration with the Community Development Authority (CDA), launched the ‘SANED’ initiative through Dubai’s Community Contributions Platform, Jood. Proceeds from this...

AFM Properties, a UAE developer, has launched its latest project in Dubai.Bonito Residences promises to make luxury living more accessible with affordable, and features state-of-the-art amenities.Maqsood Muhammed, Founder & CEO of AFM Properties, said: “Our goal is to set new standards in Dubai's real estate market by offering innovative solutions and delivering lasting value to our clients....

Union Properties unveils $544m Takaya development in Dubai Motor CityUnion Properties has officially launched its new $544m Takaya project in Dubai Motor City.Takaya sets a new standard in the mid-to-high range segment, promising exceptional living experiences for its residents.The launching ceremony was held at the Ritz Carlton DIFC, in the presence of Eng. Amer Khansaheb, Chief Executive Officer and...