In a move to foster unity and collective progress, UAE President Sheikh Mohamed has officially declared 2025 as the Year of Community. The initiative, operating under the slogan Hand in Hand, invites all residents of the UAE to contribute to the betterment of the community. The President highlighted the importance of strengthening societal bonds and fostering shared responsibility to achieve inclusive and...
Dubai's real estate sector reached an extraordinary milestone in 2024, achieving transactions worth $207 billion (AED761 billion), which represents a 20% year-on-year growth in value. This marked the highest performance in the sector’s history, with a record 226,000 transactions, indicating a 36% increase in volume compared to 2023. In total, the sector managed 2.78 million real estate and...
The Dubai Land Department (DLD) has unveiled a significant initiative, allowing property owners in the Sheikh Zayed Road from the Trade Centre Roundabout to the Water Canal and in Al Jaddaf to convert their ownership status to freehold. This opportunity is open to all nationalities, further enhancing Dubai’s appeal as a global real estate hub. A total of 457 plots are eligible for this conversion,...
Dubai's real estate market has become a magnet for global investors, with a noticeable surge in interest from European buyers, particularly those from Germany, France, and the UK. This marks a significant shift in a market traditionally dominated by regional buyers, now diversifying with increased participation from European, Asian, African, and US investors. Global Economic Landscape Shaping...
In the final quarter of 2024, Dubai's real estate market achieved AED116.5 billion ($31.7 billion) in total sales transaction values, marking a 31.1% year-on-year increase, according to a report by Springfield Properties. This milestone underscores the city's robust growth trajectory in the global property sector. Transaction volumes experienced a remarkable 51.8% increase, with 46,844 deals closed...
Hussain Sajwani, the founder of DAMAC Properties and a prominent UAE billionaire, announced plans to invest $20 billion in the rapidly expanding US data centre market. The announcement was made on Tuesday during an event at the Palm Beach, Florida residence of US President-elect Donald Trump. A spokesperson for DAMAC confirmed the news to media agency later that evening. "This is an exhilarating step...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has greenlit a series of ambitious housing projects valued at AED 5.4 billion. These initiatives aim to enhance living standards for Emirati citizens across various regions in Dubai. The development plan includes the construction of 3,004 new residential units. Among these, 1,181 homes will be built...
The UAE real estate market witnessed an impressive performance in 2024, recording a total of AED893 billion in property transactions across 331,300 deals. Key emirates contributing to this milestone included Abu Dhabi, Dubai, Sharjah, and Ajman. Mortgage transactions alone accounted for AED229.3 billion across 50,000 deals, excluding data from Ajman, according to the Emirates News Agency (WAM). Dubai...
Dubai's real estate market is set for natural growth, reflected by increasing property values, a surge in new tower developments, and higher sales and rental transaction volumes. The Dubai Land Department (DLD) has unveiled the Smart Rental Index 2025, a transparent system that will regulate residential rents. This innovative approach incorporates advanced building classification methods to...
