The Dubai Land Department (DLD) and the Ajman Free Zones Authority (AFZA) have entered into a joint Memorandum of Cooperation aimed at facilitating pathways for companies registered in AFZA to obtain freehold ownership of land and property. This partnership seeks to simplify the registration process and improve coordination between government bodies. The agreement was signed...
The Dubai Land Department (DLD) has joined forces with the Ajman Free Zones Authority (AFZA) to facilitate freehold ownership access for companies registered within the free zone. This partnership aims to streamline the registration process for real estate transactions, enhancing the ease with which businesses can secure land and property ownership in the region. The...
Dubai’s real estate market has demonstrated significant growth in 2025, achieving total sales of AED142.7 billion ($38.85 billion) in the first quarter. This marks a remarkable 30.3 percent year-on-year increase and positions the quarter as the second-highest sales figure recorded, just shy of the all-time high of AED147.2 billion set in Q4 of 2024. In...
REEF Luxury Development has officially opened its new sales gallery in the upscale Jumeirah Third neighborhood of Dubai. This innovative space provides a preview of the future of luxury living, highlighting the company’s patented Sunken Balcony with Outdoor Cooling and the Winter Garden. These features are designed to redefine outdoor comfort by integrating advanced technology...
Saudi Arabia is actively considering the implementation of rent caps for both residential and commercial properties. This potential reform is aimed at addressing the increasing rent prices across the country. Abdullah Al Hammad, the CEO of the Real Estate General Authority (REGA), confirmed this development on Tuesday, April 1, according to a report from the...
Dubai villa sales doubled in February 2025 compared to the same month last year, significantly contributing to the swift growth of the emirate’s property market. According to a market survey by real estate broker fäm Properties, February’s property sales in Dubai totalled $14 billion, marking a 40 percent increase from February 2024. The surge in...
Saudi Arabia has announced reforms designed to stabilize land values and residential rental rates in Riyadh, a move that comes at a critical time for property buyers. Industry sources indicate that these reforms represent the most significant changes since 2016 when a 2.5% annual tax on vacant land owners was introduced. This previous measure helped...
Dubai’s luxury real estate market is witnessing unprecedented growth, particularly in the segment of branded residences. These properties are now commanding an average premium of 42 percent over non-branded units, as institutional investors increasingly show interest in this segment. Elias Hannoush, CEO of Morgan’s International Realty, stated that Dubai’s real estate market is experiencing a...
The Dubai Real Estate Court has mandated a real estate development firm to pay Dhs1 815 000 to an Asian investor. This ruling came after the company failed to deliver a plot of land that the investor had purchased for constructing a villa. The court found that the company also neglected to protect the investor’s...
A growing number of Turkish citizens are investing in real estate abroad, with Dubai and Greece becoming popular choices. According to a report from Daily Sabah, Turkish nationals spent over $2.5 billion on foreign property purchases last year, which marks a 21 percent increase compared to the previous year. In January 2025 alone, this investment...