Dubai-based classified ad portals Dubizzle and Property Finder are reportedly exploring the possibility of offering shares to the public in Initial Public Offerings (IPOs). According to Bloomberg, which cited sources familiar with the matter, both companies are taking steps to attract potential investors. Dubizzle is preparing to engage with investors and aims to raise at...
Dubai’s NOVVI Properties is set to attract foreign investors through a series of roadshows in Italy, scheduled from May 23 to May 31. This initiative comes at a time when the US dollar has weakened against the euro and the British pound, making Dubai real estate more appealing. With properties now estimated to be 10...
Dubai’s residential real estate market showed strong performance in the first quarter of 2025, with property transactions rising 23 percent year-on-year, totaling 42 274 sales across both secondary and off-plan markets. This information comes from a recent report by Espace Real Estate. The quarter witnessed robust activity, even amidst early signs of market stabilization, with...
Nord Lifestyle Development has officially entered the UAE real estate market with the launch of HENGE Residences, a development valued at AED500 million located on Saadiyat Island in Abu Dhabi. This project signifies the debut of the Italian design house HENGE in the Abu Dhabi property sector. The Emirates News Agency (WAM) reported that HENGE’s...
Dubai is witnessing a notable increase in multi-year rental contracts as tenants express a desire to remain in the city for extended periods. This trend is largely driven by the rising rents and a competitive rental market, prompting renters to seek more favorable lease terms. Reports indicate that many tenants are opting for longer agreements...
The UAE has officially launched the “Downtown Umm Al Quwain” coastal development, which aims to accommodate 150 000 residents. This major project encompasses a masterplan covering 25 million square feet and will significantly alter the emirate’s urban and economic environment. The development boasts an 11-kilometer continuous coastline, which includes 7 kilometers of natural beaches and...
Nord Lifestyle Development has announced the launch of HENGE Residences, a flagship development valued at AED 500 million located on Saadiyat Island in Abu Dhabi. This project, created in collaboration with the renowned Italian design house HENGE, marks the brand’s first venture into the Abu Dhabi real estate market and aims to redefine luxury residential...
Two online property platforms based in Dubai, Dubizzle Ltd. and Property Finder, are reaching out to equity investors in the coming weeks. This initiative aligns with a broader trend of companies looking to capitalize on the city’s thriving real estate market. According to sources familiar with the situation, Dubizzle is planning to meet with potential...
The real estate sector in the GCC saw transactions reach $78.2 billion in the first quarter of 2025, marking a growth of between 20.5 percent and 22.3 percent, according to estimates from Sakan. Dubai led the market with $38.7 billion in sales, which accounted for nearly half of the total transaction value across the region....
The Dubai Land Department (DLD) is improving transparency in the real estate sector through an AI-powered platform that monitors real estate advertisements. Since the platform’s launch, it has tracked over 279 000 ads across popular websites such as Property Finder, Dubizzle, and Bayut. This initiative aims to ensure that property listings are accurate and compliant...