Dubai’s real estate market reached new heights in 2024, achieving record-breaking sales and transactions. According to data from the Dubai Land Department, the total sales value rose to AED 517 billion by December 27, 2024, compared to AED 401 billion in 2023. The CEO of W Capital, Walid Al Zarooni, highlighted the impressive growth, noting...
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02.01.202502.01.2025Real Estate
Dubai’s New Smart Rental Index: Higher Ratings Needed for Rent Hikes
Dubai landlords looking to raise rents will now need to improve their property ratings under a new smart rental index launched by the Dubai Land Department (DLD). The index, which aims to ensure fair rental values and promote trust among landlords, tenants, and investors, was unveiled on Thursday. The system links rent increases to a...
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02.01.202502.01.2025Real Estate
Emirati Broker Achieves AED 205 Million in Sales for Sixth Year Straight
For the sixth consecutive year, Walid Al Zarouni, Chairman of W Capital, has been recognized as one of the top-selling Emirati real estate brokers in Dubai. The total value of his sales in 2024 reached nearly AED 205 million, highlighting his consistent performance in the city’s competitive property market. Speaking to Al Bayan, Al Zarouni...
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31.12.202431.12.2024Real Estate
Dubai to Launch Smart Rental Index in 2025
Starting January 2025, Dubai Land Department (DLD) will roll out a Smart Rental Index aimed at transforming the emirate’s real estate sector. This initiative highlights Dubai’s focus on technology and innovation to foster trust, transparency, and confidence among landlords, tenants, and investors. The Smart Rental Index will rely on advanced technology and accurate, real-time data...