dubainews

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....

The community is DAMAC’s fifth master development, and the second one launched in six months of this yearIn line with the UAE’s vision to elevate the aspirations of its people and improve citizen well-being, DAMAC Properties has launched its fifth master community, DAMAC Sun City. Situated in Dubailand, this new development promises a distinctive fusion of wellness-oriented living, nature, and...

Golden Visas, UAE tax laws, Dubai real estate investments, NEOM The Line updates and more of the biggest stories this weekThe Dubai real estate sector continues to boom and was not far away from headlines as analysts identified the best-performing areas for sales, which neighbourhoods have the best returns on investment and a new partnership was announced to boost transparency in the sector. Meanwhile,...

The 50:50 joint venture will develop the six-building project next to the Dubai Exhibition Centre, which will include residential, office, and retail spaceAbu Dhabi property developer Aldar Properties has teamed up with Expo City Dubai to develop a $475m (Dhs1.75bn) mixed-use project to serve an increasingly dynamic economic ecosystem – close to Al Maktoum International Airport and the Dubai Exhibition...

Dubai's property market is seeing an unprecedented growth following golden visa initiative introduced by the government to attract HNWIs and UHNWIs who channelled $146 billion into Dubai's real estate sector so far, making it the largest offshore investment market globally.Dubai’s real estate shows no signs of slowing down as the high-net-worth individuals (HNWIs), ultra-high-net-worth individuals...

Dubai’s real estate boom is attracting the global wealthy as cash-rich investors from many parts of the world increasingly shift their focus to investing in luxury properties in the Gulf city and away from the highly volatile stock market this year, reported Arabian Business on Wednesday.The report cited industry experts that forecast more Gen Z buyers dominating investments as 2024 also sees...

These goals align with Dubai’s vision of becoming a global hub of innovation, sustainability, and advanced infrastructure, further enhancing the city’s competitive edge on the world stageDubai, UAE: His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, has approved ambitious targets for the year 2033, setting the stage for...