In this interview, CoinDesk's Leah Callon-Butler speaks with MANTRA CEO John Patrick Mullin and DAMAC managing partner Amira Sajwani about their partnership to tokenize $1 billion in Dubai real estate assets. The discussion explores why previous tokenization efforts have failed and how Dubai's regulatory environment, technological advances and market timing make this initiative prime for...
property
The developer secured 58.1 percent market share on Palm Jumeirah, with AED2.18 billion from 33 transactions OMNIYAT Properties: Pioneering Dubai’s Ultra-Luxury Real Estate Market Dubai-based OMNIYAT Properties has solidified its position as a leader in the city’s ultra-luxury real estate market by achieving remarkable sales of AED2.94 billion ($800.4 million) in 2024. According to Property Monitor, a...
UAE Golden Visas, inspiring women in the Middle East, Dubai freehold property, Oman holiday and more top stories this week Major Updates in the UAE: Top Stories This Week The UAE has witnessed several significant developments this week, including announcements on the Dubai-Abu Dhabi train network, adjustments to freehold property regulations, noteworthy real estate launches, and more. Additionally, the...
Dubai developer posts Dh23b sales in 2024 Sobha Realty Eyes Overseas Expansion and Targets Dh30 Billion in Sales by 2025 Sobha Realty, a leading name in luxury real estate, has announced ambitious plans for overseas expansion into the UAE and Australia. The company projects total sales of Dh30 billion in 2025, with Dh20 billion attributed to Dubai developments and Dh10 billion from its flagship project,...
Transactions surged, with ready home sales up 12.3 percent and off-plan sales soaring 76.4 percent Dubai Real Estate Market Outperforms Expectations in 2024 Dubai's property market delivered exceptional performance in 2024, surpassing all initial predictions with impressive double-digit capital growth in both residential and commercial sectors. The ValuStrat Price Index (VPI) revealed a staggering 31.6%...
Azizi Developments launches $272,000 homes in Dubai Island Azizi Developments Unveils Azizi Wasel: A Luxurious Oceanfront Project on Dubai Islands Dubai-based real estate developer Azizi Developments has introduced its latest residential masterpiece, Azizi Wasel, located on the picturesque Dubai Islands. This upscale project combines breathtaking sea views with the city’s iconic skyline, creating an...
Top officials during a press conference in Dubai. The UAE remains a focal point for global investors, driven by the robust momentum of an economy that is advancing at an exceptional pace. Over the past 3 to 4 years, the nation’s economic performance has significantly strengthened, encouraging investors to allocate funds as the growth prospects appear exceptionally solid and promising. This was...
Dubai Real Estate Market Soars to Record-Breaking Heights in 2024 Dubai’s property market achieved an extraordinary milestone in 2024, with sales skyrocketing to an impressive AED 519 billion—a remarkable 37% growth compared to the previous year. This surge was fueled by intense demand that far outpaced supply, driving price increases and cementing Dubai’s position as one of the world’s premier...
Danube Properties On January 21 opened its office Danube Properties Anticipates $3 Billion in Home Sales for 2025, Indian Buyers to Contribute 25% Dubai-based real estate giant, Danube Properties, announced on January 21 its ambitious sales target for the year, projecting home sales to exceed $3 billion. Indian customers are expected to contribute approximately 25% of these sales, reflecting their strong...
Converting private properties in Sheikh Zayed and Al Jaddaf areas to freehold, enhances the marketplace value of properties Walid Al Zarooni: Freehold Conversion Enhances Real Estate Investment in Dubai Sheikh Zayed Road and Al Jaddaf Areas to Benefit from Landmark Initiative Dubai, UAE: W Capital, a leading Dubai-based real estate brokerage, has highlighted the far-reaching benefits of the Dubai Land...