Surge in British Investment Fueled by a significant influx of British real estate investors, Dubai's property market continues its upward trajectory. This trend coincides with the first quarter of 2024, a period marked by record-breaking transaction volumes. Shifting Preferences Experts note a noticeable shift in British investor behavior. Luxury villas, previously favored for their exclusivity...
UAE Cabinet Takes Action on Recent Severe Weather and Reviews Tourism Strategy The UAE Cabinet convened on Wednesday under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum. The meeting addressed key issues including: Support for Citizens Affected by Weather: A significant AED 2 billion package was approved to address damage to citizens' homes caused by recent severe weather...
120 projects launched in first quarter of 2024 in Dubai, housing 34,000 units Dubai's real estate market has seen a surge in activity in the first quarter of 2024, with both local and international developers launching new projects at a rapid pace. According to Cavendish Maxwell's Property Monitor, preliminary data indicates nearly 30 new off-plan projects were introduced in March alone, adding a...
EMAAR announces plan to repair Dubai rain damage to homes in its communities EMAAR Properties have announced that it will cover all costs for repairs of homes within its communities in Dubai that were affected by the recent severe weather conditions. The developer said that its dedicated teams are already assessing and repairing damages, working in close coordination with local authorities to...
High taxes, rising prices and rents, and fewer opportunities in those countries are prompting many to return to the Emirates, say experts The UAE is witnessing a reverse migration trend: More former residents, who relocated to Canada and the US for greener pastures, are returning to the country, industry experts said. Property developers in Dubai have seen increased investments from such new...
Situated in the heart of Dubai, the 380 story mega-project will be adorned with premium interiors inspired by Emirates’ beloved in-flight experience. The tower will even have its own exclusive airport for residents. Construction on Dubai’s newest supertall tower Premium interiors inspired by Emirates Emirates Residences aims to merge the world of aviation with luxury real estate, offering...
Dubai’s real estate deals reached an all-time high of Dhs634b in 2023 The Dubai Land Department (DLD) has achieved an all-time high of 1.6 million transactions across various real estate activities ranging from real estate transactions to rental agreements in 2023. This represents a remarkable growth of 16.9 per cent compared to 2022, which accounted for approximately 1.368 million...
