dubairealestatenews

Dubai-based luxury real estate developer Binghatti Real Estate is set to launch the second phase of its iconic Binghatti Skyrise project with an exclusive event under the historic Pyramids of Giza in Cairo, Egypt today evening. The event follows the overwhelming success of the project’s first phase in Dubai’s Business Bay, which saw 50% of its units sold on the first day. Anticipation is building for...

Dubai’s Almal Real Estate Development wins the prestigious ‘Hospitality Project of the Year’ award, setting a new benchmark in luxury and innovation for the industry.Continuing its tradition of excellence, Dubai’s luxury developer, Almal Real Estate Development, was recently honored with the coveted ‘Hospitality Project of the Year’ title at the 2024 Construction Innovations Awards....

Dubai real estate sector sees significant increase in transactions as apartments make up majority of new handovers  The Dubai real estate sector recorded more than 47,300 transactions, valued at approximately AED116.8bn ($31.8bn), in Q3, according to Land Sterling.It represented a 42 per cent increase in volume and a 33 per cent rise in value compared to the previous year, the real estate consultancy,...

Dubai: Real estate developer Deyaar has reported an increase in its profit for the nine months ending September 30, amounting to Dh 348.8 million. This marks a significant 47% y-o-y growth from Dh237.5 million in the year to date, September 23.The announcement was made on Thursday in Deyaar’s filing to the Dubai Financial Market (DFM). Revenue for the year to date September this year surged 11% y-o-y,...

Thomas Murdoch; Executive Director; Sales & Marketing, Al Habtoor Real Estate (left) with Mohammed Khalaf Al Habtoor; Vice Chairman & CEO, Al Habtoor Group and Mohammad Al Huraiz; General Manager, Al Habtoor Real Estate (right) at the event in Dubai.Al Habtoor Real Estate’s luxurious residential project, The Residences, Al Habtoor Grand has reached the above-ground construction phase in a record...

Dubai real estate sector carried to a record transaction performance by remarkable off-plan sectorThe Dubai real estate sector recorded a record month in October with AED61.5bn ($16.7bn) of transactions, an impressive 56 percent up on the previous year, according to Property Finder.It represents the highest values ever recorded for a month and came from 20,670 transactions, up 71 per cent on October...

Dubai real estate is likely to well surpass AED 500 billion in sales by the end of 2024 after recording a historic October that boosted year-to-date figures. The total sales for 2024 already reached AED435.6 billion up to the end of October through 150,651 transactions, thereby breaking through the previous record of AED409.8 billion posted by 132,628 transactions at the close of 2023.The sheer AED 500...

Over 23,700 transactions completed in October, up 13% month-on-month, reflecting robust market activityOff-plan sales account for nearly 60% of transactions, with strong investor demand in Dubai Hills Estate and Business BayRental values up 16% year-on-year, driven by sustained demand in high-demand residential areas across DubaiDubai, UAE — Dubai’s real estate sector has reached unprecedented heights...

Camilla Dell, Managing Partner and Founder of Black Brick, a premier buying agency specializing in London real estate, is gearing up for a notable visit to Dubai and Riyadh in November. This strategic trip aims to connect with Middle Eastern investors and shed light on the enduring appeal of London's property market, even amid shifting economic landscapes.London continues to capture the interest of Middle...

An aerial view of Dubai Marina. In October 2024, the existing market recorded the highest volume and value of transactions ever, touching 7,140 transactions. — File photoOctober was an outstanding month for Dubai’s real estate, with the highest values being recorded for a month ever. A total of 20,670 transactions were recorded, leading to a 71 per cent increase compared to October 2023. The value of...