Real Estate

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...

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,...

Residents of Amali Island will have exclusive access to their own 10,000 sqft clubhouse, serving as the island's recreation, adventure, and leisure hubThe Dubai-based boutique luxury property developer Amali Properties on Tuesday (April 30) unveiled its first master-planned community, Amali Island on The World Islands, housing 24 villas targeted at millionaires. The villas are priced between Dh50 million...

High-net-worth individuals from around the world are expected to invest more than Dh16 billion ($4.4 billion) in Dubai's property market in 2024, as the emirate emerges as the most preferred destination for investors. According to global real estate consultancy Knight Frank, HNWI's investment appetite draws them to Abu Dhabi and Sharjah after Dubai. Dubai property market has been on the radar of...

Property investors and landlords in Dubai who had put their faith in short-term rentals have been amply rewarded all through December, with year-on-year rate increases even touching highs of 50 percent, according to market sources. A significant number of these bookings are for an entire week’s worth of stay, with apartment leases averaging Dh1,500-Dh2,500 a day depending on location, scale of demand,...