Real Estate

Dubai Land Department launched the Real Estate Sector Strategy 2033 on Tuesday, targeting doubling the sector’s GDP contribution to AED73 billion and pushing the market value to AED 1 trillion, according to a report in Emirates News Agency (WAM)*.The strategy outlined a focused roadmap to elevate the sector’s economic impact on the emirate by “significantly increasing transaction volumes and...

Situated in the desirable Jumeirah area on the south side of the Dubai Water Canal, The Cliffs is expected to leave an enduring mark on Dubai’s skylineAcclaimed architects Kohn Pedersen Fox appointed to design landmark development along the Dubai Water CanalAGI Palace Group, the joint venture formed by Abu Ghazaleh Investments (AGI), the Dubai-based family-owned investment company, and ultra-prime...

With the American election just days away, many are considering whether it might be time to flee the country—or at the very least, invest in a foreign market. One of the hottest foreign markets right now is the United Arab Emirates, with Dubai real estate being especially attractive. But what is it really like for foreigners to purchase real estate there? Is the process all that different from the...

Dubai recorded an 11.19 percent increase in total sales transaction volume compared to Q2 2024 Dubai Hills Estate has continued to reign as the premier destination for luxury villas, with an impressive average sales price of AED17.16 millionDubai’s real estate market continues to be shaped by several factors including the rise in prices, increase in demand, and evolving preferences of buyers and...

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...

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...

Dubai: A new initiative to establish a sustainable charitable endowment to support the food needs of low-income families was launched in Dubai on Sunday.The Endowments and Minors’ Trust Foundation in Dubai (AWQAF Dubai), in collaboration with the Community Development Authority (CDA), launched the ‘SANED’ initiative through Dubai’s Community Contributions Platform, Jood. Proceeds from this...

Union Properties unveils $544m Takaya development in Dubai Motor CityUnion Properties has officially launched its new $544m Takaya project in Dubai Motor City.Takaya sets a new standard in the mid-to-high range segment, promising exceptional living experiences for its residents.The launching ceremony was held at the Ritz Carlton DIFC, in the presence of Eng. Amer Khansaheb, Chief Executive Officer and...

Dubai’s real estate boom is attracting the global wealthy as cash-rich investors from many parts of the world increasingly shift their focus to investing in luxury properties in the Gulf city and away from the highly volatile stock market this year, reported Arabian Business on Wednesday.The report cited industry experts that forecast more Gen Z buyers dominating investments as 2024 also sees...

Off-plan or ready real estate sales? Property Finder crunches the numbers after a record $38.7bn sales quarterWith the Dubai real estate sector achieving a record quarter for transactions, a Property Finder report has crunched the numbers on whether the market is led by off-plan or ready property sales.Dubai surpassed previous records, marking the highest volume of quarterly transactions with a total of...