A recent analysis predicts that by 2023, Dubai's luxury residential market would dominate international markets and see robust double-digit price growth. Knight Frank's 2023 Premier Predictions state that the cost of prime residential locations will increase by 13.5% in 2019. Given that cities like New York, Paris, and Singapore can only record single-digit growth, this is the highest price growth ever...

There were 2,867 real estate and property transactions in Dubai during the week ending November 25th, totaling Dh15 billion. Data from the Dubai Land Department shows that 2,867 transactions were documented throughout the past week. During the week, 313 plots were purchased for Dh1.57 billion. 1,936 villas and apartments were also sold for Dh4.48 billion. All three top transactions were recorded by...

Aldar Properties stated that it had acquired a magnificent beachfront parcel covering more than 40,000 square meters on Al Marjan Island in Ras Al Khaimah. The plot was bought from Marjan, a master builder of freehold residences in Ras Al Khaimah, clearing the way for residential construction on the island. Aldar wants to build a mixed-use residential neighborhood with a view of the Arabian Sea by...

Sobha Realty showcased Sobha Hartland II, another master-planned mixed-use building, on the second day of Cityscape Dubai. The well-known development has an eight million square foot footprint and is located in a prime position adjacent to Sobha Hartland. A gated community with 90 acres of open space and vegetation, five- to six-bedroom villas, and studio to four-bedroom apartments all offer...

Deliver on time and promise – Dubai developers are becoming more proactive in this area. The fastest finishes take between 750 and 1,000 days. This is the average completion time for the Top 10 Dubai developers during 2021. GPD (for Murano residence 5) and Rove Hospitality, (Rove City Walk), are currently at the top two spots. Developers who completed their projects last year took 4.4 years on...

In response to a dramatic increase in demand for Dubai real estate, CBRE reports that the average price of rental properties in Dubai increased by more than 27%. The number of renewals has increased while the number of new contracts has decreased as renters become less likely to move due to rising costs. The average rent increased by 27.3% over the previous year, according to CBRE's monthly Dubai...

Once again, the International Real Estate Investment and Development Event, Cityscape, will offer a fantastic setting for the local and international real estate communities to engage, develop joint venture agreements, and exchange thoughts regarding the future of the sector. Investors and developers will have the opportunity to connect in person at a series of targeted networking events that will be...

The real estate market in Dubai witnessed 553 sales transactions worth AED1.43 billion on Tuesday, along with 107 mortgage agreements totaling AED387.11 million and 12 gift deals totaling AED43.73 million, according to data provided by the Dubai Land Department (DLD). The sale of 508 villas and apartments for AED1.09 billion, the mortgage of 81 villas and apartments for AED331.43 million, and the...

Emaar Properties announced on Monday that its first nine months of profitability had increased again, helped by robust real estate sales and improvements in the operation of businesses that bring in recurring income. The Dubai-based property tycoon announced in a statement that it generated Dh18.9 billion ($5.1 billion) in revenue between January and September 2022, supported by the booming Dubai real...

According to Wynn Resorts' chief executive, the forthcoming gaming and integrated resort in Ras Al Khaimah will be larger than the company's facilities in Las Vegas. According to Craig Scott Billings, the site's foundation work will begin in the middle of 2019. "Our planning for the Al Marjan Island Integrated Resort in the UAE is moving along quickly. Programming at the resort is currently nearing...