dubaimarketnews

UAE: Dubai-based proptech firm Prypco has secured $10 million in a seed funding round.The round was led by Shorooq Partners, with participation from Apparel Group and a number of other undisclosed investors.The investment will be used to scale Prypco’s operations and accelerate its expansion in Dubai and the rest of the United Arab Emirates .Amira Sajwani, founder and CEO of Prypco, told Zawya: “We...

Engel & Völkers Middle East has unveiled its Q3 2024 Dubai Real Estate Market Report, highlighting significant growth in both residential and commercial sectors. The total sales for the quarter reached AED 138.8B, showcasing Dubai’s ongoing appeal to international investors.Notably, residential transactions surged by 40.8% year-on-year, contributing AED 115.6B. In contrast, the commercial sector...

ValuStrat report identifies trends in Dubai real estate sector with most villa prices doubling since 2020 and mid-market properties becoming popularDubai real estate sector is shifting towards mid-market and affordable apartments with two out of five ready home sales worth less than AED 1m ($272,000), according to a report from ValuStrat. The report from Haider Tuaima, Director and Head of Real Estate...

AHS Properties announces sale of Searenity luxury villa in Palm Jumeirah, DubaiDubai real estate developer AHS Properties has announced the sale of its Searenity ultra luxury villa in Palm Jumeirah for AED130m ($35.4m).Searenity is the last of five villas that AHS Properties has redeveloped since the company’s inception.The properties have been transformed into ultra-premium residences and...

The latest Dubai 3rd quarter real estate review report from ValuStrat, a globally recognised consultancy specialising in multi-sector advisory services, has revealed insightful dynamics in Dubai’s real estate market. The report comprehensively analyses the residential, commercial, and hospitality sectors and underscores a market showing robust growth and market activity. Haider Tuaima, Director and Head...

Residential and commercial real estate sales in Dubai reached almost $38bn in Q3 says Engel & Völkers Middle EastDubai’s real estate market is on track for sustained growth, supported by strategic infrastructure projects and increasing demand from high-net-worth individuals. Image: ShutterstockDubai’s real estate market continues to attract global interest, with combined residential and...

The project is located in Dubai South in the proximity to Al Maktoum International AirportDubai: Lincoln Star Real Estate Development LLC, an upcoming leading name in the UAE real estate market, announced breaking ground for their new luxury residential project in Dubai South with a targeted handover in Q4 2025, the company announced in a media release.The development will have a total of 48 residential...

Dubai is grappling with a shortage of around 10,000 villas, as the emirate’s booming real estate market struggles to keep pace with surging demand from buyers, industry experts told Al Arabiya English.The scarcity of villas, a popular housing option in the UAE emirate, is driving up prices and pushing developers to launch new projects in emerging areas of the city, say experts. The trend reflects...

Dubai's real estate market to record a 30 percent year-on-year growth this year September also set a new record for the highest-priced apartment sale of 2024: AED275 million for a five-bedroom apartment at The One on Palm JumeirahDubai’s real estate market recorded 18,038 transactions in September 2024, a new all-time monthly high with 73 percent of properties under construction selling as off-plan,...

Masood Al Awar, CEO of Medallion Associates. PC: ZawyaStrategic initiative aligns with Dubai’s Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33.At a time when property transactions in Dubai have jumped by 32% year over year, with the sales value up by 23%, Medallion Associates has announced its Institutional Investor Desk into the real estate market of this rapidly growing emirate.In...