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Dubai’s residential real estate market has once again shattered records, with total sales crossing Dh50 billion for the first time,data showed on Thursday.According to Engel & Völkers Middle East latest report, sales transactions surged to 19,605 — an 80 per cent increase year on year. Sales were driven primarily by the booming off-plan segment, which soared by 117 per cent year on year amid...

Nestled in the heart of Dubailand, Damac Islands offers a unique opportunity to live in a tropical-inspired haven that combines luxury living with the natural paradise of island lifeDamac Properties, UAE’s leading property developer has announced the launch of its third and largest master community - Damac Islands - unveiled this year and the sixth in its portfolio of master development projects.Nestled...

Dubai is home to a burgeoning and quickly growing economy, and in recent years, the city’s real estate market has become a symbol of ambition, innovation and growth not only in Dubai but in the region more generally.Known for its stunning skyline, luxury developments and world-class infrastructure, Dubai has positioned itself as a global hub for property investment and development. As one of the most...

Dubai’s Al Jaddaf district offers investors attractive entry points with square foot prices down 30%, as area prepares for major transformation by 2030, experts sayAl Jaddaf is set to transform into the 'URB' Urban Technology District by 2030, with plans to create 4,000 jobs. Image: ShutterstockProperty values in Dubai’s Al Jaddaf present an attractive entry point for investors, with square foot prices...

Dubai’s financial hub is now home to family offices that control more than $1 trillion in assets, a Bloomberg report stated on Wednesday.The development comes on the back of an influx of high-net worth individuals in Dubai over the past few years, it added.“Family businesses contribute significantly to Dubai’s economy,” Arif Amiri, the chief executive officer of Dubai International Financial...

The real estate market in Dubai continues to grow at an exponential rate, driven by increasing demand as an investment destination, relaxing land ownership regulations, the increasing inflow of expats to the Emirate and convenient payment plans offered by developers.The sustained demand for real estate in Dubai, especially from domestic and international investors, is demonstrated by this upsurge in...

Annual sales transaction volumes have now surpassed 151,000 and have eclipsed 2023 year-end sales by 13.4 percent Dubai real estate prices grew by 1.73 percent in October and currently stand at AED1,473 per square foot, also setting a new record highDubai’s real estate transactions are set to grow 30 percent year-on-year by the end of 2024 as the sector continues to break records for sales, prices,...

As the Dubai real estate sector break records in October it is set to end the year on a highDubai real estate transactions are set to grow 30 per cent year-on-year by the end of 2024 as the sector continues to break all records for sales, prices, mortgages and launches, according Property Monitor’s October 2024 reportThe Property Monitor research shows four records were broken last month:Prices per...

Dubai: It’s not just offplan property launches that are booming in Dubai – there are ‘islands’ too.Coming off the project pipeline is ‘Damac Islands’, located in Dubailand and with clusters such as Dubai Investments Park and Sports City just 15- to 20 minutes away.  Now, its developer Damac has set the entry price tag for townhouses (4-bedroom units with a built-up of 2,208 square feet) from...

(Nov 19): An investment conglomerate owned by Dubai’s ruler is weighing plans to list the commercial and residential units of its property portfolio separately, in an effort to harness the city’s real estate boom.Dubai Holding is considering bundling its malls and other commercial assets into an entity that may be listed, according to people familiar with the matter. It’s also working on packaging...