The UAE’s property sector is projected to reach $759 billion by 2029, propelled by a surge in Dubai’s second-quarter sales of AED153.7 billion, rising demand in Abu Dhabi, and strong interest in luxury and off-plan developments. A Record-Breaking Trajectory for 2025 The UAE’s real estate market is poised for another exceptional year in 2025, solidifying its position as a crucial driver of...
High-net-worth individuals from India are expected to funnel up to $20 billion annually into the UAE, with a strong focus on Dubai’s thriving real estate sector. The momentum is largely driven by revised Reserve Bank of India (RBI) rules that have eased cross-border capital movement. This surge aligns with Dubai’s property market achieving record-breaking growth in 2024, recording 226,000...
In 2025, Dubai continues to attract global investors, with the top contributing countries including India, the United Kingdom, China, Saudi Arabia, and others. This surge is driven by Dubai’s global prominence, strong capital growth potential, tax-free environment, extended residency visa benefits, and several other compelling factors. These attributes have positioned Dubai as the second most...
Dubai’s high-end property market continues to command global attention, marked by a significant transaction involving a full-floor, five-bedroom residence that sold for AED168 million ($45.7 million). This deal ranks among the top 10 most expensive residential sales in the city’s history, reflecting the surging demand for ultra-luxury real estate. This transaction highlights a broader evolution in...
Dubai has introduced a strategic initiative to support first-time home buyers, offering them exclusive benefits on property purchases valued up to AED 5 million (approximately $1.36 million). The new First-Time Home Buyer Programme includes privileged access to off-plan developments, competitive pricing, and specially tailored mortgage options. Strategic Collaboration to Boost Real Estate...
Dubai Municipality has unveiled a major initiative to revamp the Ras Al Khor Wildlife Sanctuary, allocating Dh650 million towards its development. The ambitious plan is structured into two distinct phases, with the initial phase projected for completion by the end of 2026 at a cost of Dh100 million. The comprehensive redevelopment is aimed at enhancing biodiversity and promoting the sanctuary as a key...
Dubai has firmly established itself as the global epicenter of branded residences, according to new industry insights. In 2024 alone, the emirate recorded over 13,000 branded property transactions, with total sales exceeding AED 60 billion. This marks a 43% year-on-year growth, underscoring the sector’s accelerating momentum within Dubai's thriving real estate landscape. Branded Residences Now...
Foreign investors who own property in Dubai are now required to adhere to updated regulations concerning the delegation of Power of Attorney (PoA) for property sales. These changes are set to impact the way transactions are handled when the owner is based outside the UAE. Mandatory UAE-Based Bank Accounts for Sellers Effective this week, individuals selling property in Dubai must ensure that...
Emaar Development, a leading player in Dubai’s real estate sector, has finalized an agreement to acquire a substantial land parcel in the Ras Al Khor area. The AED 2.9 billion ($790 million) deal, inclusive of related transaction costs, was executed with Amlak Property Investment. The acquisition was formally communicated to the Dubai Financial Market (DFM), where Emaar Development’s shares are...
