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...
Burtville Developments, a prominent real estate developer in the UAE, has officially launched its first luxury hotel-branded residential project named Bab Al Qasr Resort Residence 18 & 19. This development is located in Masdar City, Abu Dhabi, and it comprises a total of 483 housing units designed to meet a wide variety of needs. The...
Demand for homes in the super tall towers being constructed in the UAE is on the rise, with developers anticipating billions of dirhams in sales from these luxurious properties. The trend is largely driven by an influx of ultra-wealthy residents moving to the Gulf region, which has created a strong market for high-end real estate....
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a significant housing benefits package valued at AED 6.75 billion ($1.84 billion). This initiative was authorized under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President...
Abu Dhabi’s Modon Holding has partnered with Egypt’s Elsewedy Industrial Development to develop a new industrial zone at Ras El Hekma, which is expected to generate 20,000 new jobs. This collaboration was formalized through a letter of intent (LOI) aimed at building and operating the industrial zone that will support the larger Ras El Hekma...
Emaar Economic City has reported a staggering 348% surge in losses last year, primarily attributed to a decline in profits from residential real estate, industrial land, and commercial property sales. This information was highlighted in a report by Al-Eqtisadiah on March 27. The company’s net losses reached SAR1.1 billion ($293.3 million) during the period, a...