His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, visited the Sheikh Rashid Bin Mohammed Bin Rashid Al Maktoum Housing Project in Wadi Al Amardi to check on its progress. This ambitious Dhs1.4 billion project will include 672 modern villas, along with key facilities such as a mosque,...
Dubai’s real estate market experienced significant growth in January 2025, particularly in the off-plan segment, according to the latest data from Property Finder. The market recorded approximately 14,238 transactions, representing a notable 23 percent increase compared to January 2024. The total value of these transactions reached Dh44.4 billion, reflecting a 24 percent rise year-on-year. Property...
The UAE’s residential wellness real estate market is poised for significant growth, projected to increase from $137 million (Dh503 million) in 2024 to nearly $8.4 billion (Dh31 billion) by 2027. The residential wellness real estate segment is expected to grow nearly sevenfold in the next four years, catering not only to the ultra-wealthy but also...
AD Ports Group has entered into a 50-year land lease agreement with Al Ain Mills, part of Al Hazaa Investment Group, to establish a modern grain storage and processing facility. The facility will be located at Khalifa Port’s South Quay, further strengthening the port’s position as a key trade hub in the region. The planned...
Dubai is set to host the world’s tallest wellbeing resort, ‘Therme Dubai’, as part of its ambitious Dubai Quality of Life Strategy 2033. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, announced the project on Tuesday, highlighting its role in enhancing the city’s livability and sustainability. Therme Dubai, which will rise...
Developers in Dubai are elevating the luxury housing scene by offering high-end mansions and penthouses priced between $60 million and over $120 million. These ultra-luxury homes, often featuring private cinemas, spas, and custom-made elevators, are aimed at attracting wealthy buyers from Europe, Asia, and the Americas. Some of these homes surpass the limits of luxury....
Abu Dhabi’s real estate market recorded AED10.6 billion in transactions during January 2025, marking a strong start to the year. According to the Department of Municipalities and Transport’s DARI platform, this total came from 2,514 property deals, highlighting the sector’s ongoing growth. Sales transactions were a major contributor, reaching AED6.5 billion from 1,730 deals. Mortgage...
In a notable real estate transaction, Select Group has acquired the Radisson Blu Hotel in Dubai Media City for over AED200 million. Knight Frank MENA, led by Andrew Love, brokered the sale, marking the highest recorded hotel deal in Dubai’s Media Free Zone. The hotel, surrounded by corporate giants like META, Pfizer, and Samsung, is...
Dubai’s recent decision to open 457 plots in prime locations for freehold ownership marks a significant shift aimed at attracting global investors. This initiative spans key areas such as Sheikh Zayed Road, which has 128 plots, and Al Jaddaf, which has 329 plots. By prioritizing inclusivity and accessibility, Dubai is reinforcing its status as a...
The Dubai office market, recognized for having some of the highest occupancy rates in the world, is projected to experience a significant supply shortage until 2027-2028, according to real estate consultants. According to Khaleej Times, new office supply is expected to double in 2025 compared to 2024, increasing by 1.66 million square feet. Despite this...