Dubai off-plan real estate segment has recorded transactions worth AED90 billion (approximately $24.5 billion) as of mid-May 2025, reflecting strong investor confidence in this sector. According to figures compiled from the Dubai Land Department, the number of off-plan property deals reached 40,500 between January 1 and May 15 this year. These off-plan sales represented 38 percent of all real estate...
In a significant move to bolster innovation in the property sector, Dubai has officially introduced the Dubai PropTech Hub. This initiative is aimed at accelerating the growth of the property technology market, with a target to more than double its value to AED 4.5 billion ($1.2 billion) within the next five years. The launch was directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown...
In a strategic move to enhance Dubai’s upscale residential landscape, leading developer Wasl has introduced a comprehensive masterplan for the expansion of Jumeirah Golf Estates. This ambitious project will introduce over 12,000 new residential units distributed across six newly designed lifestyle communities. Occupying a total area of 4.68 million square metres, the development, titled “The Next...
A recent industry report highlights a major transformation in Dubai’s real estate sector, driven largely by the integration of artificial intelligence (AI). This shift is drawing a younger generation of property buyers, altering the market's traditional dynamics. The analysis shows a significant drop in the average age of buyers over the years. In the off-plan segment, the average age has declined...
Dubai has unveiled a bold new master plan that will breathe new life into the historic Jebel Ali Racecourse and its surroundings. This visionary initiative aims to create a vibrant, green urban district made up of interconnected islands, complete with walkable neighborhoods, a central public park, and state-of-the-art amenities. A Green Urban Oasis with Deep Historical Roots The new development will...
Once viewed as a short-term destination, Dubai has now established itself as a long-term haven for high-net-worth individuals (HNWIs). According to newly released research, the city has witnessed a record surge in millionaire migration, positioning itself among the world’s top wealth hubs as other traditional cities face stagnation. Dubai’s growing appeal is reflected in the UAE’s ascent to the...
Dubai’s property sector opened 2025 with a strong performance, buoyed by steady population growth and rising investor interest. The latest figures from the Dubai Residential Market Report reveal a 23% increase in transaction volumes in the first quarter compared to the same period last year. This reflects Dubai’s continued ability to balance investment opportunities with a high quality of...
In a significant move for Dubai’s high-end real estate segment, Maria Morris Global has announced the successful sale of Villa Y3, an exceptional bespoke mansion located within the renowned Amaia Collection of Al Barari. The transaction, valued at $29 million (AED 107 million), not only underscores the growing appetite for luxury residences in Dubai but also sets a new record for the highest price per...
Dubai has made a remarkable leap in the IMD Smart City Index 2025, advancing eight positions to secure the fourth spot worldwide. This accomplishment marks a major milestone in the city’s ongoing digital transformation and reinforces its standing as the top-ranked city across the GCC, the Arab region, and Asia. Strengthening Global Smart City Leadership The latest ranking affirms Dubai’s global...
