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...
Non-Arab foreign investors experienced an astounding 165 per cent increase in trading volume. The Sharjah Real Estate Registration Department has reported a significant 13.1 per cent surge in transaction volume, reaching a substantial Dhs27.1 billion in 2023—the highest recorded since 2017. The diversity of investing nationalities expanded to an impressive 103, marking a remarkable 21.2 per cent...
A 75,000 sqft photovoltaic façade will generate electricity to charge 40 electric vehicles daily. On Wednesday, luxury developer Binghatti Properties, based in Dubai, introduced a new $1 billion branded residence in Downtown. The development will feature duplex and triplex apartments. The ultra-luxurious project, Mercedes-Benz Place by Binghatti, is a collaboration with the German luxury carmaker...
DMCC and Danube Properties are partnering for the development of new residential towers in Dubai’s Jumeirah Lakes Towers, with a total investment of AED2 billion. The project will feature two 65-storey towers, comprising a total of 1,200 residential units and covering a built-up area of 1.7 million square feet. DMCC, the free zone authority in Dubai, has teamed up with the prominent private...
Studio apartments start at AED1.2 million, featuring a 30/70 payment plan option. Vento Tower, a residential skyscraper located in Dubai's Business Bay neighborhood, is in the final stages of completion. Developed by ANAX Developments, the tower is expected to deliver 225 apartments by the fourth quarter of 2025. Soaring 19 floors high, VENTO Tower promises luxurious living in Dubai, offering...
During 2023, both primary and secondary residential markets in Dubai experienced significant growth in transactions. The real estate sector in the UAE showed resilience in the face of challenging global economic conditions, resulting in robust growth across major asset classes in 2023, as reported in JLL’s A Year in Review UAE report. Faraz Ahmed, Research Director at JLL MENA, emphasized the...
