Expansion to raise the total gross leasable storage area to 336,000 square feet Dubai Science Park Announces Expansion to Support Growing R&D Demand Dubai Science Park, the region's leading scientific free zone, is undergoing a significant expansion project that will increase its storage and logistics capacity by 147%. This strategic initiative was announced at the recent BIO International...
Dubai Property Market Experiences Record-Breaking Performance in May 2024 The Dubai property market hit an all-time peak in May 2024, recording the highest volume and value of transactions ever, data showed on Thursday. As many as 17,713 transactions were recorded during the month, up 53 percent compared to May 2023, real estate portal Property Finder said. Moreover, the value of these transactions...
The extended growth is due to HNWIs' interest in luxury property investment in DubaiThe UAE real estate market is anticipated to reach a value of AED2.6 trillion ($707.86 billion) by the end of 2024, according to recent data from Statista. Luxury demand driving market growth This extended growth is attributed to the increased interest of high-net-worth individuals (HNWIs), particularly their demand...
Majid Al Futtaim announces Ghaf Woods real estate development in Dubai, which will include more trees than residents. You’ll soon be able to live in the forest (without leaving Dubai) Ghaf Woods: A Pioneering Development Integrating Nature and Urban Living Majid Al Futtaim Properties unveils Ghaf Woods, a groundbreaking development poised to become Dubai's first-ever forest-living community. This...
The data revealing that 69% of HNWIs around the world are now interested in owning a branded property in the emirate, up from 59% in 2023 A recent report by Knight Frank, titled "Destination Dubai 2024," reveals a growing interest in Dubai's branded residences among high-net-worth individuals (HNWIs) globally. The study indicates a significant increase in demand, with 69% of surveyed HNWIs expressing...
In 2023, the mall became the most visited place on EarthThe largest mall in Dubai is about to get bigger. Emaar Properties on Monday announced a massive Dh1.5 billion expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. The contractor is already mobilising on-site for this large-scale project. The largest mall in Dubai is about to get bigger. Emaar Properties...
Palm Jebel Ali Infrastructure Development CommencesNakheel, a leading Dubai property developer under Dubai Holding, has awarded contracts for the construction of critical infrastructure at Palm Jebel Ali. Enhanced Accessibility: DBB Contracting, a prominent UAE civil and marine contractor, will construct a new public access road. Stretching nearly six kilometers, this landscaped route will provide a...
The city remains the number one destination for the global HNWI community and millionaires clamor for the 'Dubai life' Dubai's Property Market Attracts Significant Investment A projected influx of over AED 16 billion (USD 4.4 billion) from high-net-worth individuals (HNWIs) in 2024 solidifies Dubai's position as a leading investment destination. This trend is echoed by global real estate consultancy...
58% of interested buyers were looking for an apartment, while 42% were searching for villas/townhouses DUBAI, UNITED ARAB EMIRATES: Property Finder, the leading property portal in the MENA region, has revealed its market performance highlights for April 2024, offering valuable insights into the real estate landscape. In April 2024, there was a YoY increase of over 45.11% in recorded sales...
