The Dubai real estate market is seeing consistent demand for home financing, supported by current lending...
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Dubai Court Orders Developer to Refund Dhs12.4 Million to Investor Over Undelivered Floating Villa A Dubai appellate court has ruled in favor of an Arab investor, instructing a real estate developer to reimburse Dhs12.4 million, along with a 5 percent interest from Nov. 19, 2024, until the full amount is paid. The investor had entered into an agreement to purchase a floating villa, but the developer...
Introduces new standard of purpose-driven real estate in Dubai Ax Capital Secures Exclusive Brokering Rights for SkyHills Astra at Dubai Science Park Ax Capital has officially become the exclusive broker for SkyHills Astra, a distinguished residential development situated in Dubai Science Park, developed by HRE Development. Since its establishment in 2021, HRE Development has been dedicated to crafting...
Mohamed Alabbar Tops Dubai 100 List, Highlighting Dubai’s Thriving Sectors Mohamed Alabbar, the visionary behind Emaar Properties, has secured the top position on the Arabian Business Dubai 100 list, released on Wednesday. His ranking underscores the crucial role of landmark developments in shaping Dubai’s skyline and economy. Other prominent figures such as Hussain Sajwani of DAMAC and Sir Tim Clark...
Dubai Real Estate Market: Vivek Oberoi, MD and co-founder of BNW Developments, has said that Dubai is emerging as a popular choice for Indian investors who are looking to diversify their portfolios and secure assets abroad. Dubai Real Estate Market Sees Surge in Luxury Property Demand Dubai's luxury real estate sector is experiencing a remarkable surge in demand, driven by its strategic location and...
They can capture great returns and depend on a reliable rule of law. For a long time, many foreign institutional investors overlooked the UAE’s real estate sector, perceiving it as speculative and unsustainable. The market was often dismissed as a hub for luxury developments catering to the ultra-wealthy rather than being considered a stable asset class worthy of inclusion in global investment...
The first phase will develop six sites in Al Mueisim 1, Al Twar 1, Al Qusais Industrial 5, and Al Leyan 1 Dubai to Develop 17,080 Affordable Housing Units Dubai has earmarked 1.46 million square meters of land for the construction of 17,080 residential units as part of its Affordable Housing Policy, further solidifying its commitment to diverse and inclusive urban development. His Highness Sheikh Hamdan...
FBR Uncovers Alleged Money Laundering by 70 Real Estate Agents in Pakistan ISLAMABAD – The Federal Board of Revenue (FBR) has reportedly identified at least 70 real estate agents allegedly involved in money laundering through illicit dollar transfers to the United Arab Emirates. According to a recent report published by a local source, these agents have been using the Hundi-Hawala system for...
Dubai’s property market continues its rapid expansion, with residential sales reaching AED 120 billion ($32.7 billion) in the third quarter of 2024, driven by an influx of high-net-worth buyers. Ultra-Wealthy Investors to Inject $4.4 Billion into Dubai Real Estate in 2024 According to the latest report from Knight Frank, individuals with assets exceeding $20 million are expected to invest a staggering...
The off-plan segment has emerged as a significant driver of Dubai’s villa market, with buyers becoming increasingly willing to commit to properties under development. Dubai’s residential real estate sector continues to thrive, with luxury villas witnessing a surge in demand. High-net-worth individuals (HNWIs) and expatriate families are increasingly gravitating toward exclusive living spaces,...