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Dubai: Azizi Developments has set a clear sight on what it’s aiming for – build a 725 metre high tower on Dubai’s Shaikh Zayed Road that will eventually rank as the world’s second tallest. And within a short distance of the world’s tallest tower, the Burj Khalifa standing at 828 metres.The height of the tower was formally announced today.A freehold residential tower, the ‘Burj Azizi’ will...

Dubai’s real estate market is booming, but buyers face specific financial requirements and hidden costs – here’s how much you should be earning to buy property worth $1 million, according to expertsThe typical down payment for a $1 million home in Dubai is 20%. Image: ShutterstockDubai’s real estate market is booming, with property transactions hitting record highs. As local and international...

Purchasing properties in Dubai will become much smoother and faster as registration time will now reduce from days to minutes after the Dubai Land Department contracted a deal with the top seven developers of the emirate, permitting them to use its registration system to manage all real estate transactions.The deal will help in empowering the developers and significantly raise the registration...

The rise of tokenisation and blockchain technology in Dubai – and larger UAE – is also boosting fractional ownership of real estate assets, even encompassing various high-value assets such as vacation homesThe rising trend of tokenisation has come as a major boost to fractional ownership in the real estate sector. Image: ShutterstockTokenisation is the new buzzword in Dubai’s real estate sector, fast...

Villas outperformed apartments, with the villa sub-index achieving 232.1 points compared to 149.6 points for apartments in Dubai, the report saidDubai’s residential property market showed robust growth in July 2024, according to the latest ValuStrat Price Index (VPI) report.The VPI grew 2.2 percent monthly to reach 178.2 points, representing a 28.5 percent annual increase.Villas outperformed apartments,...