dubainews

The Dubai real estate sector recorded AED17.528bn ($4.8bn) of transactions last week, according to data from the Land Department. Sales dominated the figures, with AED14.14bn ($3.9bn), according to Land Department data.In total there were 4,475 sales transactions recorded between October 14 and October 18. Dubai real estate this weekAmong the top listed sales transactions listed on the Land...

Primedale Real Estate has announced record profits for 2024, marking a major milestone in the company's success. Along with this achievement, the company has unveiled ambitious plans to strengthen its position in the real estate market, signaling even bigger moves ahead.In 2024, Primedale Real Estate experienced an exceptional financial year, with profits reaching an all-time high, driven by strong...

Dubai recorded an 11.19 percent increase in total sales transaction volume compared to Q2 2024 Dubai Hills Estate has continued to reign as the premier destination for luxury villas, with an impressive average sales price of AED17.16 millionDubai’s real estate market continues to be shaped by several factors including the rise in prices, increase in demand, and evolving preferences of buyers and...

The 13th edition of The International Real Estate and Investment Show (IREIS) in conjunction with the Residency and Citizenship Expo will be held from October 18 to 19 at Beach Rotana Hotel Abu Dhabi. The exhibition is a one-stop shop for real estate investment in the UAE, Europe and around the World. The key features of the exhibition would be real estate investment for a Golden Visa and new residency in...

There's a lot you can buy for $34 million. In different parts of the world, you can buy fabulous castles, super villas by the beach or magnificent properties for miles. You can buy many sports cars such as, Lamborghini or Rolls-Royce Phantoms. You can even make a private plane for yourself.But, in Dubai, you can buy a pile of sand, reports cnn. Okay, not just a pile of sand. The sand in question is an...

In an interview with Zawya Projects, the company’s Chairman Mustafa Al Kaissi shared insights on their strategy and upcoming projects in Dubai in Business Bay and Al Jaddaf.Building upon its 15 years of experience in the UAE’s real estate sector, KASCO Group recently announced its strategic entry into property development with a project portfolio valued at AED 1.2 billion ($327 million).Mustafa Al...

Dubai’s best neighbourhoods for ROI, property price increases, sales and more revealed in dubizzle reportAs the Dubai real estate market continues to thrive neighbourhoods are witnessing returns on investment of up to 11.18 percent, affordable districts are witnessing price growth and one region has seen average villa prices hit AED38.15m ($10.4m), according to dubizzle’s quarterly search trend...

Dubai  – A landmark sale has set a new record in Dubai's real estate market. A fully upgraded, ready apartment on Jumeirah Bay Island, also known as Bulgari Island, has been sold for a staggering price close to AED 17,000 per square foot—the highest ever achieved for a ready apartment in the city.This historic transaction was handled by esteemed real estate agents Lina Allaoa and Kianoush Darban of...

Dubai, UAE – According to the latest UAE Industrial Market 2024 report by Cushman & Wakefield Core, both Dubai and Abu Dhabi are seeing significant industrial development, with rental rates rising and strong demand seen in key hubs such as Dubai South, Jebel Ali Free Zone (JAFZA), and Abu Dhabi’s KEZAD Al Ma’Mourah.The report highlights that Dubai’s warehousing and industrial rental rates have...

Dubai Land Department and Federal Tax Authority team up to ensure correct tax collected in Dubai real estate salesDubai real estate tax rules will be made clearer as the Land Department teams up with Federal Tax Authority to streamline VAT collection on property sales. The Federal Tax Authority (FTA) and the Dubai Land Department have strengthened their strategic partnership to provide innovative...