Emaar Properties, a leading developer renowned for its world-class projects, has announced the launch of two significant additions to Dubai's prestigious landscape: The Heights Country Club and Grand Club Resort, situated adjacent to The Oasis. These developments, representing investments of AED55 billion and AED41 billion respectively, aspire to redefine the parameters of luxury living in the UAE while...
Binghatti's inaugural sukuk offering, valued at $300 million and priced at 9.625%, has garnered significant investor interest, exceeding initial targets by a notable margin. The order book reached an impressive $621 million, reflecting a 200% subscription rate and peak orders exceeding initial expectations by 2.1 times. This strong demand demonstrates the success of Binghatti's international roadshows...
In the 2024 forecast, Dubai has been identified as the foremost global real estate market for the growth potential of luxury homes. A recent report by Savills, a prominent global real estate firm, reveals that both Dubai and Sydney are poised to experience the most substantial growth in prime residential property values throughout 2024, further solidifying their positions as top-performing luxury housing...
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...
