dubainews

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...

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,...

Dubai Land Department recorded Dh37.3 billion in sales value in August 2024, a 33 per cent increase compared to the same month last yearDubai and Abu Dhabi have been ranked among the top five cities globally that have made the most improvements in real estate transparency, according to the latest Global Real Estate Transparency Index (GRETI) released by JLL.Dubai’s real estate market has been one of the...

The new educational project aims to elevate the professionalism of brokers.Lupós Real Estate, part of the international Lupós Group, announced the launch of its own school for broker training through a media release. This new educational project aims to elevate the professionalism of brokers in Dubai by offering a comprehensive training program that includes both theoretical and practical modules, it...

DUBAI, United Arab Emirates — Dubai’s property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms.Increasing demand for property, especially in the luxury space, is boosting prices not just of homes, but of everything else in the city — just as the United Arab Emirates is expected...

Many tenants in Dubai are moving to Sharjah and northern emirates due to increase in rents, increased quality developments, and hybrid work arrangements that offer more locational flexibility to employees.This is the third cycle, akin to the previous two cycles of 2009 and 2014, where tenants are locating to northern emirates to beat rising rentals. Industry executives suggest that tenants can save around...