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Why was a plot of sand in Dubai sold for 34 million dollars?

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...

Dubai real estate: Best returns on investment, most expensive neighbourhoods, fastest-growing property prices in Q3 revealed

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 real estate: Best returns on investment, most expensive neighbourhoods, fastest-growing property prices in Q3 revealed

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...

UAE industrial real estate market soars amid growing demand in 2024

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...

Showeez Realty Launches Dubai Developers Hub Offering Foreign Brokers Instant Sales Integration

New Brokerage Network Connects International Agencies with Dubai's Luxury Real Estate Market for Exclusive Investment OpportunitiesLONDON, UNITED KINGDOM, October 16, 2024 /EINPresswire.com/ -- Showeez Realty has initiated a groundbreaking approach to Dubai's luxury real estate market by directly funneling exclusive property listings to foreign brokers, largely bypassing social media and public portals....

Dubai real estate tax rules in focus as Land Department announces FTA partnership

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...

Gitex Global 2024: DLD launches Dubai Market Intelligence Dashboard

The dashboard provides a comprehensive overview of all real estate listings online, whether for sale or rent On the sidelines of the exhibition, DLD will sign several agreements with both the public and private sectorsThe Dubai Land Department (DLD) showcased its key achievements in real estate governance and cutting-edge digital solutions as it participated in Gitex Global 2024.Dubai Market Intelligence...

Dubai Entrepreneur Mohammed Zohaib Launches MZ Realty

MZ Realty is a new platform that aims to reshape the investment landscape through innovative approaches like Fractional Investment. It focuses on real estate investment, property sales, and management in Dubai’s booming property market.United Arab Emirates - October 15, 2024 Leading real estate entrepreneur Mohammed Zohaib announces the launch of MZ Realty, a platform specializing in fractional...

My Dubai Salary: ‘I set aside 5% of my Dh13,500 earnings to invest in gold’

Muskkan Chelani, a real estate marketer, invests in Indian stocks, gold and a clothing businessMuskkan Chelani, who works as a marketing manager at a Dubai-based real estate company, realised she needed to be financially independent at the age of 16 when her family were going through a hard time.She used her enterprise to design and sell event invitations and gradually scaled up her skills to bag...

$680 billion by the end of the year, market insight poise to reach with the residential market alone accounting for $390 billion

Dubai property developers target young professionals and the rapidly growing middle class with affordable housing amid rising rents.The Dubai real estate sector is seeing a shift towards mixed-use developments of late that combine residential, commercial, and leisure spaces amidst talks about a moderation in the market growth rate, industry experts said.Besides, affordable housing is emerging as the new...

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