Dubai’s real estate market is on track for another record year in 2025, driven by a surge in luxury property sales, rising commercial demand, and sustained investor confidence. According to a recent report, the luxury sector witnessed a 20.5% year-on-year increase in sales, while office rents rose by 11%, retail rents by 9.7%, and warehouse rents by an impressive 21.1%. The total number of...
Dubai has once again been recognized as the cleanest city globally, maintaining its top position in the Global Power City Index (GPCI) for the fifth consecutive year. This ranking, issued by the Institute for Urban Strategies at the Mori Memorial Foundation in Japan, highlights Dubai’s continuous commitment to urban cleanliness and environmental sustainability. The emirate’s repeated success...
Experts warn that the UK government must fully revoke its controversial tax policies to prevent London’s decline as a prime hub for business, investment, and high-stakes legal matters. Without decisive action, Labour’s current approach could further accelerate the exodus of high-net-worth individuals (HNWIs) from the country. UAE: A Growing Destination for the UK’s Super Wealthy Dubai and Abu...
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...
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