dubainews

In recent years, the global focus on luxury real estate has impacted the urban dynamics in many cities. High-end developments brought higher land prices, higher construction costs, and higher prices for housing in addition to increasing gentrification.While such schemes may offer economic growth and possible improvement of the infrastructure that often comes with it, they can also bring significant...

Binghatti Skyrise development sells 50 percent of units within 24 hours of launchThe $1.4bn Binghatti Skyrise development in Dubai sold 50 per cent of its units sold within 24 hours of launching.The unveiling event, held at The Meydan Hotel’s Sky Bubble on October 30, attracted more than 5,000 guests, including prominent investors and high-net-worth individuals from the region.Binghatti revealed the...

The latest Royal Institution of Chartered Surveyors’ (RICS) Global Commercial Property Monitor found the UAE continuing to post some of the most elevated results across all nations covered in the monitor, with recent robust impetus showing little sign of easing.Overall occupier demand remained in firm growth territory, recording a +57% result (net aggregate sentiment), with offices leading the pack at...

Dubai’s real estate market is witnessing a remarkable surge in land and plot prices, driven largely by booming off plan sales. This is creating new opportunities for investors, but they must be alert in order to capitalise.The off-plan market, which now accounts for approximately 55 per cent of Dubai’s total real estate transactions, has experienced steady growth over the past few years, and currently...

Dubai Land Department launched the Real Estate Sector Strategy 2033 on Tuesday, targeting doubling the sector’s GDP contribution to AED73 billion and pushing the market value to AED 1 trillion, according to a report in Emirates News Agency (WAM)*.The strategy outlined a focused roadmap to elevate the sector’s economic impact on the emirate by “significantly increasing transaction volumes and...

Situated in the desirable Jumeirah area on the south side of the Dubai Water Canal, The Cliffs is expected to leave an enduring mark on Dubai’s skylineAcclaimed architects Kohn Pedersen Fox appointed to design landmark development along the Dubai Water CanalAGI Palace Group, the joint venture formed by Abu Ghazaleh Investments (AGI), the Dubai-based family-owned investment company, and ultra-prime...

Showeez Realty Brokerage Leads the Way for International Investors.Dubai has managed to hit a record high milestone in 2023 after it achieved a record residential transaction totaling 118,993-that is, an increase by 29.6% during the previous year. This spurt signifies that the overall real estate market of Dubai is booming and on a growth course, which is boosted by insatiable demand for superprime...

The project offers a total of 54 uniquely designed apartments with a mix of one- and two-bedroom units that range from 708 sq ft to 1,695 sq ftUAE-based Amwaj Development has unveiled its latest project in Dubai - The Cube Residences - located in District 11 within the Mohammed bin Rashid City. This is its second project after the successful launch of Starlight Park.The project offers a total of 54...

With the American election just days away, many are considering whether it might be time to flee the country—or at the very least, invest in a foreign market. One of the hottest foreign markets right now is the United Arab Emirates, with Dubai real estate being especially attractive. But what is it really like for foreigners to purchase real estate there? Is the process all that different from the...

Rajab Ali Virani’s journey with VeriEstate began with a simple yet powerful insight: property buyers in Dubai often navigate the process with blind spots. Many overlook potential issues with essential systems like HVAC units or MEP (Mechanical, Electrical, and Plumbing), only realising the flaws after closing the deal. “We saw the gap first-hand,” Virani shares. “It wasn’t just about missed...