September 2024

The company is preparing to launch its maiden mixed residential and commercial project in October in Dubai. Sunrise Capital, an upcoming developer in Dubai, is looking to expand across the UAE with a massive pipeline of luxury villas and apartment projects, its chief executive said. The company, promoted by an Indian-origin group, is also preparing to launch its maiden mixed residential and commercial...

The project, part of Dubai’s expanding real estate landscape, will see the Belgian company undertake dredging, land reclamation, beach profiling, and sand placement. Nakheel, part of Dubai Holding Real Estate, has awarded a contract worth AED810 million ($221 million approximately) to Jan De Nul Dredging LTD for marine works on Palm Jebel Ali. The project, part of Dubai’s expanding real estate...

The Dubai real estate sector recorded more than AED14.65bn ($4bn) of transactions last week, according to data from the Land Department. Sales dominated the figures, with AED10.93bn ($3bn), according to Land Department data. In total there were 3,530 sales transactions recorded between August 19 and August 23. Dubai real estate this week Among the top listed sales transactions listed on the...

Dubai’s skyline may be impressive, but for many office workers and residents, the struggle to navigate tall buildings is becoming a serious time-waster. Long elevator queues are increasingly common, with people losing 30 minutes just waiting for a lift during peak hours. At the 25-story Grosvenor Business Tower in Barsha Heights, serpentine queues stretch for up to several meters during office hours....

Question: I am about to invest in an off-plan property in Dubai, with the handover of my unit scheduled for 2028, according to the sale agreement. What will happen if the developer delays the handover? Am I entitled to compensation, and if so, when would I receive it? Answer: When a property is sold in Dubai, both the seller and the purchaser sign a Sale Purchase Agreement (SPA). An SPA will normally...

The Dubai property market has an array of real estate offerings to suit buyer needs, here is a comparison of what $1 million can get you in two of the city’s residential real estate hotspots As the Dubai real estate market continues to attract global investors, two of its top family residential communities – Arabian Ranches and Al Barari – offer distinctively different lifestyles and property...

Emirates. Estate, an online real estate platform in the UAE, has released an extensive series of updated area guides designed to provide insights for property investors worldwide. These guides offer information on the most sought-after locations across the country and are aimed at helping investors make informed decisions in the UAE real estate market. The release of these updated area guides comes at a...

Dubai is home to more than 120 of the world’s wealthiest families and individuals, with a total net worth of more than $1 trillion (Dh3.67 trillion) as the UAE has attracted thousands of millionaires from all over the world over the past decade, especially after the pandemic. This has positioned the emirate first in the Middle East, Africa and South Asia (MEASA) and among the top 22 cities globally...

Dubai off-plan sales accounted for 63% of total transactions in Q1, a new report reveals. Dubai’s residential real estate market witnessed record-breaking growth in the first quarter of 2024, driven by a substantial surge in off-plan property sales, according to a new report by Savills. Off-plan sales skyrocketed 73 percent quarter-on-quarter, accounting for 63 percent of total transactions in Q1,...

The UAE’s allowance of 100% foreign ownership of companies and more flexible visa arrangements to contribute to surge in both capital and talent inflow. The rare feat of Dubai top ranking global greenfield FDI (foreign direct investment) projects attraction in 2023 for the third successive year will act as a major confidence booster for investors, triggering increased capital flows into the UAE, driving...