Dubai's residential rental market has witnessed a sustained increase over the past three years. While the pace has slowed down recently, rents are expected to climb further. This aligns with the overall market trend and is partly driven by a limited supply of new housing units. The recent revisions to the RERA Rental Index have significantly impacted rent renewals. Previously, these renewals often...
German footballer Karim Bellarabi has recently joined the ranks of residents at the prestigious Mercedes-Benz Places by Binghatti development in Dubai. This move further solidifies the project's reputation for unparalleled luxury living. Mercedes-Benz Places by Binghatti is a highly sought-after development known for its integration of the iconic car brand's design elements with modern amenities and...
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...
The agreement was signed as part of the “Dubai Real Estate Programme” to enable local talent to advance in real estate Dubai Land Department (DLD) on Sunday said it signed a deal with nine private and government-backed developers to allocate a certain quota of their projects to be sold through Emirati brokers to provide more job opportunities to the locals. In a deal signed with Emaar...
In a strategic move to bolster Dubai's economic position, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the consolidation of Nakheel and Meydan under the umbrella of Dubai Holding. This merger, effective as of Saturday, aims to create a financially optimized entity with a combined asset value exceeding hundreds of billions of...
Prime residential real estate in the UAE is expected to provide an yield of 6.25 per cent to seven per cent, a new report showed on Wednesday. According to CBRE Research’s 2024 Market Outlook for Middle East real estate, residential properties are expected to provide an yield of seven per cent to 7.5 per cent. In the office category, the expected yield range is 6.5 per cent to 7.25 per cent for...
Dubai is solidifying its position as the world's leading market for branded residences, experiencing significant growth and diversification within the sector. This trend is driven by a growing demand for luxury living experiences coupled with the unique appeal of iconic brands. DAMAC Properties has established itself as a frontrunner in this evolving market, forging strategic partnerships with renowned...
It was the top-performing area in the emirate in terms of last year's fourth-quarter sales Palm Jebel Ali is increasingly gaining interest from long-term investors, standing out as the top-performing area in Dubai in terms of last year's fourth-quarter sales. Industry executives say that investors are selling their units at premiums of up to 10 per cent to cash in on the gains following the...
