Dubai’s high-end property market continues to command global attention, marked by a significant transaction involving a full-floor, five-bedroom residence that sold for AED168 million ($45.7 million). This deal ranks among the top 10 most expensive residential sales in the city’s history, reflecting the surging demand for ultra-luxury real estate. This transaction highlights a broader evolution in...
Dubai has introduced a strategic initiative to support first-time home buyers, offering them exclusive benefits on property purchases valued up to AED 5 million (approximately $1.36 million). The new First-Time Home Buyer Programme includes privileged access to off-plan developments, competitive pricing, and specially tailored mortgage options. Strategic Collaboration to Boost Real Estate...
Dubai has firmly established itself as the global epicenter of branded residences, according to new industry insights. In 2024 alone, the emirate recorded over 13,000 branded property transactions, with total sales exceeding AED 60 billion. This marks a 43% year-on-year growth, underscoring the sector’s accelerating momentum within Dubai's thriving real estate landscape. Branded Residences Now...
Foreign investors who own property in Dubai are now required to adhere to updated regulations concerning the delegation of Power of Attorney (PoA) for property sales. These changes are set to impact the way transactions are handled when the owner is based outside the UAE. Mandatory UAE-Based Bank Accounts for Sellers Effective this week, individuals selling property in Dubai must ensure that...
Emaar Development, a leading player in Dubai’s real estate sector, has finalized an agreement to acquire a substantial land parcel in the Ras Al Khor area. The AED 2.9 billion ($790 million) deal, inclusive of related transaction costs, was executed with Amlak Property Investment. The acquisition was formally communicated to the Dubai Financial Market (DFM), where Emaar Development’s shares are...
According to the latest analysis by Fitch Ratings, residential property prices in Dubai are anticipated to undergo a moderate market correction during the second half of 2025 through 2026, following a peak in valuations in 2024. Financial Sector Prepared for Price Shifts Fitch noted that UAE-based banks and real estate developers are well-positioned to absorb potential price declines, thereby...
Prospective homeowners in the UAE now have access to enhanced Sharia-compliant financing solutions, thanks to a new partnership between Abu Dhabi Islamic Bank (ADIB) and property developer Binghatti. The agreement aims to provide accessible home financing, including for off-plan developments, aligning with Islamic banking values. As part of the arrangement, financing eligibility begins when a Binghatti...
Binghatti Holding Ltd, a prominent player in Dubai's luxury real estate market, has made a significant move by acquiring over 8 million square feet of freehold land in Nad Al Sheba 1. This acquisition, valued at AED 25 billion (approximately $6.9 billion), marks the company’s first foray into master-planned community development. Located within the Meydan district, the newly acquired site is steeped...
Dubai’s property sector is witnessing an upward trajectory in demand, particularly from investors based in China and Hong Kong. This renewed interest is largely driven by the emirate’s robust economic performance, attractive investment policies, and the promise of high returns. Chinese Buyer Interest Rises Sharply Recent market insights reveal that Chinese interest in UAE real estate surged by...
