Emaar Properties is reportedly planning a new "super tower" in Dubai, aimed at surpassing other upcoming global skyscrapers in height. If realized, this structure would likely secure the position of the world's second tallest building, following the Burj Khalifa, which currently holds the record at 828 meters. According to industry sources, Emaar’s founder, Mohamed Alabbar, is actively exploring...
A recent study reveals that Dubai, Abu Dhabi, and Sharjah are projected to witness a staggering 150% rise in centi-millionaire migration between 2024 and 2040. This influx of ultra-wealthy individuals continues to position the UAE as a leading destination for high-net-worth individuals (HNWIs) globally. Currently, Dubai boasts the highest concentration of private wealth in the Middle East, largely due...
The UAE is set to experience lower borrowing costs as the US Federal Reserve and the Central Bank of the UAE (CBUAE) are expected to cut interest rates. This development will make it more affordable for consumers to obtain loans for personal use, auto purchases, and mortgages. With the UAE dirham pegged to the US dollar, the country is likely to follow the US Federal Reserve's lead after its meeting on...
Dubai and Abu Dhabi have emerged as two of the top five cities globally that have shown the most progress in real estate transparency, as reported by the latest Global Real Estate Transparency Index (GRETI). Record Growth in Dubai’s Real Estate Market Dubai real estate sector continues to attract substantial investments, both locally and internationally. According to recent data from the Dubai...
Palm Jumeirah exclusive beachfront has become a hotspot for the ultra-wealthy from across the globe, offering some of the most luxurious and expensive residential properties in the Middle East. This renowned man-made island, known for its opulence, has captivated the world’s elite. At the pinnacle of Palm Jumeirah’s luxury offerings is Billionaires Row, located on Frond G. This prestigious area...
Dubai is set to surpass its own skyline with the construction of Burj Azizi, a skyscraper that will rise 1,000 feet taller than the Empire State Building. This architectural marvel will become the world’s second-tallest structure and feature a seven-star hotel, complete with the world’s highest lobby, a vertical retail space, a luxury ballroom, a beach club, a nightclub, and an observation...
According to a recent UBS report, Dubai real estate market is experiencing remarkable growth, driven by increasing demand from global investors. In August alone, the market saw a 40% rise in sales value, with total transactions reaching $12.9 billion, representing a 36.9% surge in volume. Dubai Real Estate: A Safe Haven for Long-Term Investors Kashif Ansari, CEO and co-founder of Juwai IQI,...
Binghatti, a renowned Dubai-based property developer, has introduced its latest project in Al Jaddaf, named Binghatti Ghost. This marks the company’s return to the area following a two-year break, driven by overwhelming market demand. Features and Investment Opportunities The Binghatti Ghost project will consist of 770 residential units, catering to the rising demand for high-quality living...
Dubai real estate sector continues to show robust growth, with property sales in August reaching AED 47.3 billion ($12.9 billion). This represents a 40.8% increase in value compared to the same period last year. The market saw a significant rise in transaction volume, with 16,159 deals recorded—a 36.9% increase over August 2023. Additionally, the average price per square foot rose by 6.1%, now standing...
