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Millionaires in the UAE, real estate promotion in Sharjah, fast-track visas at new free zone, Dubai property updates and more of the top news stories this weekThe UAE is attracting millionaires from around the world as it strengthens its reputation as a hub for the super-rich. From an influx of entrepreneurs from the UK to Brazilian footballer Neymar investing in Dubai property, the trend...

Fashion entrepreneur looks to expand Dubai real estate business with launch of Kamani LivingThe CEO of fashion giant PrettyLittleThings Umar Kamani has launched a Dubai real estate business as he looks to expand in the region.The fashion company founder has previously had successes developing and selling properties in Dubai, after selling property valued at around $34m, according to the Daily Mail.Now he...

Dubai’s residential real estate market has once again shattered records, with total sales crossing Dh50 billion for the first time,data showed on Thursday.According to Engel & Völkers Middle East latest report, sales transactions surged to 19,605 — an 80 per cent increase year on year. Sales were driven primarily by the booming off-plan segment, which soared by 117 per cent year on year amid...

Dubai is home to a burgeoning and quickly growing economy, and in recent years, the city’s real estate market has become a symbol of ambition, innovation and growth not only in Dubai but in the region more generally.Known for its stunning skyline, luxury developments and world-class infrastructure, Dubai has positioned itself as a global hub for property investment and development. As one of the most...

Dubai’s Al Jaddaf district offers investors attractive entry points with square foot prices down 30%, as area prepares for major transformation by 2030, experts sayAl Jaddaf is set to transform into the 'URB' Urban Technology District by 2030, with plans to create 4,000 jobs. Image: ShutterstockProperty values in Dubai’s Al Jaddaf present an attractive entry point for investors, with square foot prices...

Dubai’s financial hub is now home to family offices that control more than $1 trillion in assets, a Bloomberg report stated on Wednesday.The development comes on the back of an influx of high-net worth individuals in Dubai over the past few years, it added.“Family businesses contribute significantly to Dubai’s economy,” Arif Amiri, the chief executive officer of Dubai International Financial...

The real estate market in Dubai continues to grow at an exponential rate, driven by increasing demand as an investment destination, relaxing land ownership regulations, the increasing inflow of expats to the Emirate and convenient payment plans offered by developers.The sustained demand for real estate in Dubai, especially from domestic and international investors, is demonstrated by this upsurge in...

Annual sales transaction volumes have now surpassed 151,000 and have eclipsed 2023 year-end sales by 13.4 percent Dubai real estate prices grew by 1.73 percent in October and currently stand at AED1,473 per square foot, also setting a new record highDubai’s real estate transactions are set to grow 30 percent year-on-year by the end of 2024 as the sector continues to break records for sales, prices,...

Dubai: It’s not just offplan property launches that are booming in Dubai – there are ‘islands’ too.Coming off the project pipeline is ‘Damac Islands’, located in Dubailand and with clusters such as Dubai Investments Park and Sports City just 15- to 20 minutes away.  Now, its developer Damac has set the entry price tag for townhouses (4-bedroom units with a built-up of 2,208 square feet) from...

Emaar Properties and DWTC partner to establish a joint venture for Expo Living, a vibrant urban community in the heart of Dubai SouthEmaar Properties and Dubai World Trade Centre (DWTC) have established a joint venture to develop Expo Living, a new residential lifestyle community at Expo City Dubai. This thoughtfully designed urban community will offer a modern lifestyle for residents seeking seamless...