Dubai's real estate sector has commenced the year 2024 with considerable strength, evidenced by an unprecedented sales figure of Dh35.4 billion in January. This noteworthy surge signifies a positive trajectory for the industry throughout 2024, propelled by sustained momentum from the previous year and an increasing preference for off-plan properties. The off-plan segment has exhibited a remarkable...
The largest publicly traded developer in Dubai, Emaar Properties, announced a 70% year-over-year increase in net profit for the fiscal year 2023. The real estate giant saw growth of 7% and 70%, respectively, in 2023 from the same period the previous year, with revenues of Dh26.7 billion ($7.3 billion) and net profit of Dh11.6 billion ($3.2 billion). “This performance was supported by growth in...
A major new Dubai bridge project has been announced today, Sunday February 4. The two-lane new Dubai bridge will connect Sheikh Zayed Road with Dubai Harbour in both directions. Spanning 1500 metres, its aim is to dramatically reduce how long it takes to access the seafront district located between Palm Jumeirah and Bluewaters. The new entry and exit points for Dubai Harbour should cut travel...
The significant economic growth in the UAE is expected to benefit various industries, with the real estate sector in Dubai standing out prominently Dubai’s real estate market continues to thrive, positioning itself as a prime destination for investors seeking diversification and high returns. According to Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., recent data reveals that investment...
Dubai Real Estate: Dutco, Ellington Properties Unveils Art Bay, a New Luxury Residential Development Art Bay is set to grace Dubai’s Al Jaddaf area, as jointly announced by Dutco and Ellington Properties. This upscale residential venture, nestled in Dubai’s culturally rich district of Al Jaddaf, was officially introduced on February 1, 2024. Marked as the second installment under the Dutco...
The owner can apply for the 10-year residency regardless of the amount paid upfront, an executive explained Property buyers in Dubai are no longer required to make a minimum down payment of Dh1 million to be eligible for the Golden Visa, as the government has eased the criteria for real estate investors. "Off-plan properties could be considered on a case-to-case basis. Applicants need to submit the...
Non-Arab foreign investors experienced an astounding 165 per cent increase in trading volume. The Sharjah Real Estate Registration Department has reported a significant 13.1 per cent surge in transaction volume, reaching a substantial Dhs27.1 billion in 2023—the highest recorded since 2017. The diversity of investing nationalities expanded to an impressive 103, marking a remarkable 21.2 per cent...
A 75,000 sqft photovoltaic façade will generate electricity to charge 40 electric vehicles daily. On Wednesday, luxury developer Binghatti Properties, based in Dubai, introduced a new $1 billion branded residence in Downtown. The development will feature duplex and triplex apartments. The ultra-luxurious project, Mercedes-Benz Place by Binghatti, is a collaboration with the German luxury carmaker...
DMCC and Danube Properties are partnering for the development of new residential towers in Dubai’s Jumeirah Lakes Towers, with a total investment of AED2 billion. The project will feature two 65-storey towers, comprising a total of 1,200 residential units and covering a built-up area of 1.7 million square feet. DMCC, the free zone authority in Dubai, has teamed up with the prominent private...
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