President His Highness Sheikh Mohamed bin Zayed Al Nahyan has officially designated July 18 as Union Pledge Day. This important date marks the historic moment when the Founding Father of the UAE, along with the Rulers of the Emirates, signed the Union declaration. This pivotal event on July 18, 1971, laid the groundwork for the official establishment of the nation on December 2, 1971. "On this day in...
Dubai Real Estate market continued its impressive growth trajectory in the second quarter of 2024, shattering transaction volume records and experiencing price increases across both sales and rental sectors. Dubai Real Estate Surge in Transactions and Rising Prices: Market reports indicate a staggering 49% increase in property transactions compared to the same period last year, with over 40,000...
One Za'abeel, a recent addition to Dubai Real Estate architectural landscape, has garnered significant recognition for its innovative design and exceptional offerings. The two distinctive towers, linked by the world's longest cantilever, create a visually striking presence. Notably, One Za'abeel was recently awarded the "Best Tall Building in the Middle East & Africa 2024" and "Best Tall Building,...
A recent survey by InterNations, a global network for expatriates, has ranked the United Arab Emirates (UAE), including Dubai, as the 10th best destination worldwide for expatriates to live and work in 2024. This ranking is attributed to the UAE's strong performance in three key areas: quality of life (3rd), working abroad (6th), and expat essentials (1st). UAE, A Thriving Job Market and Career...
Property Finder's Market Watch digest report reveals a stellar performance for Dubai real estate sector in Q2 2024. Both transaction volume and value reached all-time highs, with a significant increase of 37% year-over-year (YoY) in transaction value, reaching AED 124.4 billion (approximately USD 33.9 billion). Transaction volume also saw a substantial rise of 45% YoY, reaching 43,522. These figures...
Dubai Real Estate prime property market continued strengthening, A recent industry report by Knight Frank reveals. The first half of 2024 saw a steady volume of sales for ultra-luxury homes, totaling 190 properties valued at $3.2 billion. This compares favorably to the same period in 2023, with 189 properties sold for $3.3 billion. This sustained sales activity, despite a 65.5% year-on-year decrease in...
Dubai has unveiled a comprehensive plan for the Jebel Ali Beach Development Project, poised to become the longest public beach in Dubai upon completion. Stretching 6.6 kilometers, this pioneering project prioritizes environmental sustainability while creating a world-class recreational destination and injecting vibrancy into the Dubai real estate landscape. The project aligns with the Dubai 2040 Urban...
Dubai Real Estate market is experiencing a golden age, and branded residences are a shining star within this boom. Analysts report continued robust demand for these luxury properties, driven by a confluence of factors. Wealthy international buyers, seeking a secure and luxurious lifestyle investment, are a key force propelling this growth. The Allure of the Branded Residences in Dubai Real...
Dubai Real Estate market is experiencing a surge in activity. May 2024 saw the highest number of transactions ever recorded, marking a 44.2% increase year-on-year. This growth trend extends to the year-to-date figures, which show impressive gains compared to both 2023 and 2019. This surge in transactions is accompanied by rising property values. Average residential prices across Dubai climbed 20.1%...
