Dubai’s office sector is witnessing robust demand, driven by both new market entrants and the expansion of existing firms. The latest data on the Dubai office landscape highlights solid fundamentals, with increased leasing activity and evolving market dynamics shaping the current trajectory. The emirate has embarked on a fresh growth cycle, marked by surging rental rates, lower vacancy levels, and...
Banks across the UAE are playing an increasingly influential role in energizing the real estate sector by introducing mortgage products with interest rates below 4%, despite the prevailing three-month Emirates Interbank Offered Rate (EIBOR) ranging between 4.2% and 4.3%. This strategic pricing move is capturing the attention of both local and international investors. In addition to lower borrowing...
Dubai’s residential market is witnessing extraordinary demand as the city absorbs a sharp increase in new residents. According to the Market Report, the population grew by nearly 90,000 in the first quarter of 2025 alone, an average of 1,000 people per day, bringing the total to 3.92 million by the end of March. This growth significantly surpasses the net population increase observed in 2024, which...
Dubai’s property sector maintained its upward trajectory in April 2025, recording AED46.18 billion (approximately $12.6 billion) in transactions, marking a notable 77.4% increase compared to the same period last year, according to recent market data. The surge was largely driven by the off-plan segment, underpinned by growing investor trust in comprehensive masterplans, regulatory transparency, and...
Despite persistent global economic uncertainty, the UAE’s property market particularly in Dubai and Abu Dhabi has maintained strong momentum through the first quarter of 2025, as highlighted in CBRE Middle East’s Q1 UAE Real Estate Market Review. While factors such as declining oil prices and ongoing trade tensions have pressured the global economy prompting the IMF to lower its global growth...
In a significant move blending luxury real estate with digital finance, the Trump Organisation has introduced a new high-end tower project in Dubai, in collaboration with renowned developer Dar Global. The announcement was made on Tuesday, April 29, 2025 The project—an 80-floor skyscraper situated in Dubai, the Gulf’s premier destination for tourism and iconic architecture—will include a luxury...
Chelsea Football Club has entered into a front-of-shirt sponsorship agreement with Dubai-based real estate developer DAMAC Properties. The partnership will be in effect for the remainder of the 2024–25 season. However, this sponsorship does not extend to the upcoming FIFA Club World Cup scheduled for this summer. Under the terms of the deal, DAMAC will feature as the principal shirt sponsor during...
In a landmark collaboration, Dar Global and The Trump Organisation have officially unveiled plans for the Trump International Hotel and Tower in Dubai. This announcement introduces the first Trump-branded skyscraper in the Middle East, adding to a growing portfolio of joint ventures between the two firms. This latest development marks the fifth project between Dar Global and The Trump Organisation,...
Construction momentum at Palm Jebel Ali has surged significantly, with developers aiming to position it as Dubai’s premier luxury destination. This insight comes from a recently published real estate market analysis. Initially launched in 2002, Palm Jebel Ali was slated for completion by mid-2008. However, progress was halted following the Global Financial Crisis (GFC). After remaining dormant for...
