dubainews

Lincoln Star Real Estate Development LLC, an upcoming leading name in the UAE real estate market, today announced breaking ground for their new luxury residential project in Dubai South with a targeted handover in Q4 2025.The project will offer a payment plan for investors which envisages a 72-month interest-free payment plan with monthly 1 per cent instalments. A total of 48 residential units including...

UAE: Dubai-based proptech firm Prypco has secured $10 million in a seed funding round.The round was led by Shorooq Partners, with participation from Apparel Group and a number of other undisclosed investors.The investment will be used to scale Prypco’s operations and accelerate its expansion in Dubai and the rest of the United Arab Emirates .Amira Sajwani, founder and CEO of Prypco, told Zawya: “We...

Engel & Völkers Middle East has unveiled its Q3 2024 Dubai Real Estate Market Report, highlighting significant growth in both residential and commercial sectors. The total sales for the quarter reached AED 138.8B, showcasing Dubai’s ongoing appeal to international investors.Notably, residential transactions surged by 40.8% year-on-year, contributing AED 115.6B. In contrast, the commercial sector...

The project is located in Dubai South in the proximity to Al Maktoum International AirportDubai: Lincoln Star Real Estate Development LLC, an upcoming leading name in the UAE real estate market, announced breaking ground for their new luxury residential project in Dubai South with a targeted handover in Q4 2025, the company announced in a media release.The development will have a total of 48 residential...

Masood Al Awar, CEO of Medallion Associates. PC: ZawyaStrategic initiative aligns with Dubai’s Real Estate Sector Strategy 2033 and the Dubai Economic Agenda D33.At a time when property transactions in Dubai have jumped by 32% year over year, with the sales value up by 23%, Medallion Associates has announced its Institutional Investor Desk into the real estate market of this rapidly growing emirate.In...

Directly.xyz is an innovative platform that enables purchasing real estate in Dubai using cryptocurrency by partnering directly with developers to offer low prices on high-quality properties.The real estate market stands as one of the largest industries worldwide and is one of the deep rooted avenues for wealth-building.Having reached an impressive value of $3.9 trillion in 2023, the global real estate...

Dubai Customs will roll out a new digital platform allowing warehouse owners in the UAE to list their properties for leasing.Termed 'Airbnb of warehouses', the Warehouse Platform – which was showcased at Gitex Global 2024 – will be rolled out soon by Dubai Customs and will be a one-stop solution for warehouse owners to lease their properties across the country.The platform will simplify the process of...

Mered, a leading international real estate developer, has announced the appointment of Michael Belton as its new Chief Executive Officer (CEO).In his new role, Michael will focus on expanding the company’s portfolio in the UAE, including the development of the ICONIC Tower and Large-scale Abu Dhabi project on Al Reem Island.He is also tasked with growing the Mered team to support future growth across the...

Dubai’s growth is supported by a real estate pipeline expected to see 90,000 new homes enter market in next two yearsThe Dubai real estate sector is heading for another peak in 2024 and property sector growth is set to continue over the next two years, with a record 90,000 new homes set to enter the market.Figures released by fäm Properties underline the market’s capacity to keep pace with demand,...

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...