Sharjah's renowned Alef Group has announced the launch of "Nama 5," the latest addition to its Al Mamsha Raseel residential community. Positioned as the newest residential building in the Nama cluster, Nama 5 contributes to an extensive project designed to redefine urban living in Sharjah. Nama 5 joins a cluster of six buildings within Al Mamsha Raseel, bringing the cluster’s total to 1,029 units....
The United Arab Emirates has been recognized as the most economically stable nation in the world, according to the latest report by US News & World Report, which ranked 89 countries. The UAE secured the top spot due to its consistent economic resilience and policies that foster a thriving business environment. This recognition reflects the UAE's strategic advantages, such as low manufacturing...
The Dubai real estate market is increasingly oriented toward affordability, with two in five property sales in the ready-home sector priced below AED 1 million (approximately $272,000). This shift highlights a growing demand for mid-market and budget-friendly apartments, as reported by a recent real estate market report. This comprehensive review of Dubai’s residential, commercial, and hospitality...
A recent report highlights a significant shift in Dubai Real Estate market, with many tenants looking to transition to homeownership. The anticipation of rising property prices in Dubai has become a key motivator, prompting renters to consider buying properties sooner rather than later. Developers in Dubai are expected to see a sharp increase in demand, with 66% of tenant respondents in a market survey...
Dubai is set to continue attracting a large number of millionaires in 2024 and 2025. According to the Wealth Migration Report 2024, the UAE is projected to receive around 6,700 high-net-worth individuals (HNWIs) by the end of 2024, making it the leading destination for migrating millionaires globally. This surge is driven by several factors, including Dubai's zero-income tax, the Golden Visa system, and a...
Abu Dhabi has earned the title of the wealthiest city globally in terms of sovereign wealth fund (SWF) assets, as highlighted in a recent report by Global SWF. Significant SWF Assets in Abu Dhabi According to the report, the city manages a staggering $1.7 trillion in assets through its various sovereign wealth funds. Among the most prominent entities are: Abu Dhabi Investment Authority...
The unveiling of the Expo City masterplan has provided a significant boost to Dubai South's property market, following the development of the region's major airport. The plan is set to drive increased interest in off-plan residential projects within Expo City, with a vision that includes distinct mini-hubs and the potential for future attractions. A Second Catalyst for Growth This new masterplan...
Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE, and Ruler of Dubai, has officially approved a comprehensive master plan for Expo City Dubai. The newly approved plan aims to accommodate approximately 75,000 people, including both residents and professionals, through the development of residential and business facilities. Vision for Future Growth The blueprint for...
Dubai announced a comprehensive master plan on Tuesday, outlining its vision for preserving the city's cultural heritage while advancing key sectors such as transportation, real estate, and education over the next decade. Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defense, introduced the ambitious strategy. The Executive Council of Dubai, under Sheikh...
