Property in Dubai Marina

The 725-metre skyscraper in Dubai is set to become the second tallest building globally, Azizi Development said Azizi Developments, a UAE-based private developer, has announced plans for Burj Azizi, a 725-metre skyscraper set to become the second tallest building globally. The project, located on Sheikh Zayed Road in Dubai, is scheduled for completion by 2028. The 131+ storey structure will launch...

Demand to buy bigger apartments and larger villas/townhouses is growing as more young families are switching to ownership and relocating to Dubai, data showed on Thursday. Most buyers were looking for two-bedroom apartments and four-bedroom or larger villas in August, according to the latest data released by Property Finder. Demand is mostly driven by residents switching to ownership to beat rising...

Dubai’s Rental Dispute Centre (RDC) – the judicial arm of Dubai Land Department (DLD) – has received a donation of Dh1.2 million, which will be used “to provide assistance to those facing financial difficulties in rental disputes,” RDC announced on Thursday.The donation came from Abdulla Ahmed Al Ansari for the benefit of the Yad Al Khair (Hand of Giving) Committee at RDC to assist with...

Apartment sales across Dubai’s real estate market rose 37.6 percent annually to 12,268 with a value of AED23.5 billion Dubai’s real estate market saw another remarkable month in August with property sales rising 40.8 percent year-on-year in value to AED47.3 billion ($12.88 billion). In its latest market update, Dubai recorded 16,159 real estate transactions last month, a 36.9 percent annual...

Dubai has been ranked among the few cities in the world with accelerating property market growth. The emirate is ranked along with Bangkok, Berlin, Stockholm, Hong Kong, Jakarta, Paris, and Warsaw where the growth of the property market is accelerating. The emirate’s real estate has been consistently outperforming its global peers in terms of capital appreciation and rental returns over the past...

Properties with a value of Dh2 million continue to see significant demand in 2024 from investors and end-users looking for the 10-year Golden Visa. Property investors looking for long-term residency in the UAE are required to buy assets worth Dh2 million or more. To qualify for the Golden Visa in Dubai, investors can either buy a single property valued at Dh2 million or multiple with a combined worth...

Dubai’s office market will remain under-supplied till 2027-28 which will continue to impact rents in the city as new businesses flourish and foreign businesses relocate to the city. Due to high demand, Dubai’s office market got a boost with several new launches to cater to the needs of new companies, especially in the Grade-A office space category. While the supply crunch in the office market...

Dubai Land Department (DLD) on Monday said it banned 10 property owners from leasing their properties due to overcrowding and safety standards. The regulator announced that this decision was taken after inspections carried out by the regulator’s partners. “DLD, in partnership with its strategic partners, conducted thorough inspection campaigns that resulted in banning 10 property owners from...

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...