2024

Jumeirah Islands, Mohammed bin Rashid City, and Dubai South emerged as some of the most highly sought-after locations. Dubai’s real estate market has emerged as a hub for investors and homebuyers in recent years, offering a range of properties with luxurious amenities and attractive returns on investment. The emirate continues to strengthen its global appeal as it further solidifies its position as one...

The UAE real estate secondary sales market is booming with volumes and value increasing for apartments and villas. The Dubai real estate is thriving, with secondary sales of properties reaching AED76.34bn ($20.8bn) in the first half of the year, according to market analysis by a leading specialist. Dubai continues to strengthen its global appeal as it further solidifies its position as one of the...

Omniyat Group has launched Beyond, a development company focused on the wider luxury real estate market. As part of this initiative, Omniyat has unveiled an 11 million square feet strategic project on the Jumeirah coastline, of which eight million square feet will be dedicated to Beyond. Beyond, Omniyat’s new premium real estate brand, will leverage the company’s extensive network of global talent...

Variety, affordability and high capital appreciation are some of the reasons that make the Dubai property market attractive to buyers According to a recent report, Dubai’s off-plan property market has reached a record high, with 25,466 property transactions worth over AED52 billion ($14.16 billion) carried out in 2024. This report highlights the popularity of off-plan properties in Dubai, an...

Dubai Land Department recorded Dh37.3 billion in sales value in August 2024, a 33 percent increase compared to the same month last year Dubai and Abu Dhabi have been ranked among the top five cities globally that have made the most improvements in real estate transparency, according to the latest Global Real Estate Transparency Index (GRETI) released by JLL. Dubai’s real estate market has been one...

A new report shows that eighty-five percent of all established freehold villa communities in Dubai have more than doubled in value compared to four years ago. According to the latest data from ValuStrat, a real estate consultancy, prices have also surpassed the previous peaks of the last decade, with Palm Jumeirah villas nearly doubling in value since 2014. Dubai’s real estate market continues to...

Sobha Realty, a leading luxury real estate developer, has announced the execution of a strategic tap into its existing sukuk. This latest tap is an extension of the developer’s inaugural sukuk issuance of $300 million, which took place in July 2023 and currently has an outstanding balance of $270 million. This Sukuk was listed on both the London Stock Exchange (LSE) and NASDAQ Dubai. With the...

The renowned architectural firm of Benjelloun Piper is launching a new masterpiece in building design — The Fairmont Residences Solara Tower in Downtown Dubai. Following on from the highly successful launch of the Como Residence on the Palm, this architectural firm is once again redefining the essence of sustainable luxury with a project that promises to be a new beacon on Dubai’s skyline. The...

Partnership aims to boost growth of companies operating within Dubai CommerCity and broaden their reach Dubai CommerCity, the first and leading free zone dedicated exclusively to digital commerce, and a joint venture between the Dubai Integrated Economic Zones Authority (DIEZ) and Wasl Properties, signed a memorandum of understanding (MoU) with eBay, a global leader in e-commerce. This MoU aims to...

Dubai’s residential market continued to record strong growth in the second quarter of 2024, with property values rising by 21.3 percent over the past year amid tightening supply as the ‘buy-to-stay’ trend grows, according to a global property consultant. Average residential price increased by 21.3 percent over the last 12 months with villas outperforming apartments. Villa sale prices have grown...