Dubai

The Dubai real estate market has seen a record-setting transaction at the beginning of trading on Tuesday, with a plot of land in the Business Bay area selling for Dh650 million.Spanning over 333,000 square feet, this landmark deal reflects the continued strength and attractiveness of Dubai’s real estate sector. The total value of real estate sales in Dubai has soared to Dh2 billion, driven by 494...

Rents in Dubai have increased up to 15 percent since the Real Estate Regulatory Authority (Rera) Rental Index was updated earlier in March this year. “The Rera rental index was updated earlier this year to reflect rental increases, with most districts seeing increases in the range of 8 to 15 percent. We have seen a higher number of renewals compared to new leases as tenants look at renewing in...

After a 124 per cent increase since 2020, Dubai saw slight moderation in real estate price increase, slowing from 15.9 per cent growth in the first quarter to a decline of 0.3 per cent in the second quarter, according to an international property consultancy. Globally, Manila has topped the Knight Frank’s Prime Global Cities Index with an increase of 26 per cent. The index is a valuation-based data...

The Endowments and Minors’ Trust Foundation in Dubai (AWQAF) has announced the development of 21 endowment real estate projects valued at over Dh202 million. These projects include malls, residential buildings, shops, and mosques, which are currently at various stages of design and implementation. The endowment real estate projects encompass a range of purposes, including educational and humanitarian...

According to a survey, 87 percent of homebuyers are willing to pay more for a home in a community that offers amenities that align with their lifestyle needs Amenities that match 5-star hotels are becoming a common feature among new residential projects in the UAE. Location is definitely a key factor in buying property anywhere in the world, but amenities also play a critical role, especially in...

Starting 17 August, passengers will need to add a minimum of AED50 when topping up their nol cards to commute via Dubai Metro. Dubai’s Roads and Transport Authority (RTA) has announced a change to the minimum top-up amount for nol cards at Dubai Metro ticket offices.Starting 17 August, passengers will need to add a minimum of AED50 when topping up their cards.“Your #PublicTransport trips are smoother...

The real estate landscape in Dubai is evolving rapidly, characterized by high competition and a demand for more personalized services. In this dynamic market, traditional real estate transactions often fall short of meeting client expectations, leading to a need for innovative approaches that prioritize customer experience. DXBA.com seeks to create a niche in property sales, rentals, and investments...

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...