Dubai is set to continue attracting a large number of millionaires in 2024 and 2025. According to the Wealth Migration Report 2024, the UAE is projected to receive around 6,700 high-net-worth individuals (HNWIs) by the end of 2024, making it the leading destination for migrating millionaires globally. This surge is driven by several factors, including Dubai's zero-income tax, the Golden Visa system, and a...
The unveiling of the Expo City masterplan has provided a significant boost to Dubai South's property market, following the development of the region's major airport. The plan is set to drive increased interest in off-plan residential projects within Expo City, with a vision that includes distinct mini-hubs and the potential for future attractions. A Second Catalyst for Growth This new masterplan...
Dubai announced a comprehensive master plan on Tuesday, outlining its vision for preserving the city's cultural heritage while advancing key sectors such as transportation, real estate, and education over the next decade. Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defense, introduced the ambitious strategy. The Executive Council of Dubai, under Sheikh...
Dubai-based real estate firm, Keyper, has launched an innovative rent-now-pay-later (RNPL) service, aimed at transforming the UAE rental market. The RNPL Marketplace allows tenants to spread rental payments over 12 months rather than making a single upfront payment for the year. Keyper's platform curates a selection of premium properties from top real estate agencies across Dubai, all pre-approved for...
Emaar Properties is reportedly planning a new "super tower" in Dubai, aimed at surpassing other upcoming global skyscrapers in height. If realized, this structure would likely secure the position of the world's second tallest building, following the Burj Khalifa, which currently holds the record at 828 meters. According to industry sources, Emaar’s founder, Mohamed Alabbar, is actively exploring...
A recent study reveals that Dubai, Abu Dhabi, and Sharjah are projected to witness a staggering 150% rise in centi-millionaire migration between 2024 and 2040. This influx of ultra-wealthy individuals continues to position the UAE as a leading destination for high-net-worth individuals (HNWIs) globally. Currently, Dubai boasts the highest concentration of private wealth in the Middle East, largely due...
The UAE is set to experience lower borrowing costs as the US Federal Reserve and the Central Bank of the UAE (CBUAE) are expected to cut interest rates. This development will make it more affordable for consumers to obtain loans for personal use, auto purchases, and mortgages. With the UAE dirham pegged to the US dollar, the country is likely to follow the US Federal Reserve's lead after its meeting on...
Dubai and Abu Dhabi have emerged as two of the top five cities globally that have shown the most progress in real estate transparency, as reported by the latest Global Real Estate Transparency Index (GRETI). Record Growth in Dubai’s Real Estate Market Dubai real estate sector continues to attract substantial investments, both locally and internationally. According to recent data from the Dubai...
Palm Jumeirah exclusive beachfront has become a hotspot for the ultra-wealthy from across the globe, offering some of the most luxurious and expensive residential properties in the Middle East. This renowned man-made island, known for its opulence, has captivated the world’s elite. At the pinnacle of Palm Jumeirah’s luxury offerings is Billionaires Row, located on Frond G. This prestigious area...
