dubairealestate

Bonyan REIT divests Dubai property, posts $74mln in proceeds

Asset had generated $14.64mln in rental income throughout investment period. Bonyan REIT Secures Over SAR 279.9 Million Through Dubai Property Divestment Saudi Arabia’s Bonyan REIT has successfully concluded the sale of a residential property in Dubai, earning an impressive SAR 279.9 million ($74.5 million) in total proceeds. The property, Citywalk 2B, features 69 units and was originally acquired for...

Q&A with Tatiana Tonu, Managing Director, Object 1 on real estate market in the UAE

1. A Two-Year Milestone: Object 1’s Remarkable Journey in the UAEIn just two years of operations within the UAE, Object 1 has made significant strides by focusing on Dubai’s fast-growing areas, including Jumeirah Village Circle (JVC) and Jumeirah Village Triangle (JVT). Leveraging expertise from successful ventures in Ukraine and Spain, the company has quickly risen to rank among the top three...

Dubai property firm awards $199mn contract for JLT office tower amid commercial real estate boom

The project signals growing confidence in Dubai’s commercial real estate sector, which has seen strong leasing activity and rising rents in prime locations over the past year Sweid & Sweid Announces AED 730 Million Contract with Dutco Construction for Premium JLT Office Tower Renowned real estate developer Sweid & Sweid has awarded Dutco Construction, a Dubai-based construction giant, a contract...

Dubai’s Golden Visa Program: How Indian Investors Can Benefit Through Off-Plan Purchases

Find out how off-plan property investments let Indian investors get Dubai's Golden Visa. Learn about benefits and strategies. Dubai Real Estate Market Shows Strong Growth and Resilience in November 2024 The Dubai real estate market demonstrated remarkable resilience and growth in November 2024, with average annual rent prices rising by 20.8% to AED 90,288 ($24,581.74). While there was a slight annual...

Dubai’s Real Estate Market Thrives Amid Rising Rents and Sustained Growth

Dubai Real Estate Market Shows Strong Growth and Resilience in November 2024The Dubai real estate market demonstrated remarkable resilience and growth in November 2024, with average annual rent prices rising by 20.8% to AED 90,288 ($24,581.74). While there was a slight annual decrease in rental transaction volumes, the market maintained stability due to consistent demand for high-quality rental properties....

Dubai real estate: Six Senses villa in Palm Jumeirah sold for $35m as branded property boom continues

Dubai Sotheby’s International Realty announces $35.4m sale of branded real estate villa in Palm Jumeirah. Dubai Sotheby’s International Realty Sets New Record with AED 130M Villa Sale at Six Senses Palm Jumeirah Dubai Sotheby’s International Realty has announced a landmark sale of a luxurious five-bedroom beachfront Signature Villa at Six Senses Palm Jumeirah for an impressive AED 130 million ($35.4...

Luxury homes vs Ultra-luxury homes: The differences you need to know

Gone are the days when a standard luxury home was defined by spacious layouts and high-end features such as pools and gyms. Today, the focus has shifted away from traditional amenities as new priorities emerge. Unveiling the Distinction Between Luxury and Ultra-Luxury Homes in Dubai Amina Mistry, a 35-year-old working professional, has been actively searching for her dream home for over six months....

Izdihar Real Estate Fund concludes sale of Emaar Business Park – Building 3 in Dubai

The investment objective of Izdihar Fund is centred on delivering sustainable and attractive long term returns to investors through investment in income generating, well-tenanted, marquee assets in the Sultanate and the GCC Bank Muscat Drives Growth with Landmark Real Estate Transaction in the GCC Muscat: As a leading financial services provider in Oman, Bank Muscat continues to demonstrate its...

BEYOND Properties launches waterfront project at Dubai Maritime City

Orise marks the second development within BEYOND Properties Developments’ Dubai Maritime City master plan. BEYOND Introduces Orise: A Landmark Development at Dubai Maritime City Following the remarkable success and sell-out of Saria, BEYOND is proud to unveil Orise, its second signature project within the master-planned community of Dubai Maritime City (DMC). This new milestone further solidifies...

Dubai real estate sector recorded $1.7bn of transactions last week, including Bluewaters apartment sold for $23m

The Dubai real estate sector saw $1.7bn of transactions in a shorter week due to Eid Al Etihad holidays. Dubai Real Estate Records AED 6.28 Billion in Weekly Transactions 🌟 The Dubai real estate market showcased its strength once again, with transactions totaling a remarkable AED 6.28 billion ($1.7 billion) between December 2 and December 9, as reported by the Dubai Land Department. Sales Drive Market...

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