investment

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...

Progress continues steadily, with overall finishes at 85%. Structural work, blockwork, and internal plaster have all been finalized, while tiling has reached 96% Azizi Developments Nears Completion of Azizi Vista in Dubai Studio City Dubai, United Arab Emirates: Azizi Developments, a prominent private real estate developer in the UAE, has revealed that construction on Azizi Vista, located in Dubai Studio...

Currently, Jafza hosts 10,890 companies from 150 countries, supporting over 160,000 jobs and contributing AED620 billion in annual trade Jafza has unveiled a major expansion of its Logistics Park, investing AED 90 million to introduce an additional 360,000 square feet of state-of-the-art facilities, catering to the increasing demand in the logistics industry. This second phase of development increases the...

Dubai Land Department Partners with REACH to Launch REACH Middle East, Driving Proptech Innovation Dubai Land Department (DLD) has teamed up with REACH to introduce REACH Middle East, an initiative designed to attract proptech startups and foster innovation in the real estate sector. This collaboration aims to provide startups with valuable mentorship, investment opportunities, regulatory insights, market...

The number of homes available for sale in the $10 million+ bracket fell 40 percent, down to only 2,491 homes over the last 12 months Dubai's real estate market experienced significant growth in 2024, with residential property prices increasing by 19.1 percent over the past year to reach AED1,685 per square foot, as per the latest findings from global real estate consultancy Knight Frank. This surge...

Indians Lead Dubai’s Real Estate Market in 2024; Pakistan Climbs to Fifth Spot Indian investors have once again topped the list of Dubai’s real estate buyers in 2024, with Pakistan securing the fifth position, rising from seventh place, as per a recent report from property consultancy Better Homes. Dubai’s property market is projected to experience a 5-8% annual price increase in 2025, with luxury...

GJ Properties plans to launch around 10 new projects in 2025 GJ Properties Unveils AED 4 Billion Investment Plan for 2025-2026 with 10 New Projects GJ Properties, a premier private developer in Ajman, has announced an ambitious AED 4 billion investment allocated for a series of upcoming projects spanning 2025 and 2026. The company’s impressive track record is reflected in its latest achievements,...

During the fourth quarter of 2024 (October to December), Dubai’s residential market experienced a notable surge, recording a total of 33,110 registered transactions. This marks a 55% year-on-year (Y-o-Y) increase compared to the 21,405 transactions documented during the same period in 2023. This significant rise in activity highlights the strong confidence of buyers in Dubai’s real estate sector. The...