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...
Dubai welcomed over 220,000 new residents in the first half of 2024, according to Amira Sajwani, Managing Director of DAMAC Properties. This influx has further driven demand for residential properties in the city, reinforcing Dubai’s position as a major global hub. As reported by WAM, Speaking during the launch of “Riverside Views,” DAMAC’s first project...
Damac Properties has launched its new Riverside Views project, a riverside community development located at Dubai Investment Park. The project features a combination of greenery and water scenery, along with distinctive amenities such as hydroponic farms and a floating opera. This marks the sixth master development from Damac Properties, which has experienced exceptional demand in...
Alef Group, a prominent real estate developer in Sharjah, made waves at the ACRES 2025 Sharjah Real Estate Exhibition by signing 1,006 sales and purchase agreements worth AED 1.37 billion. The four-day event, held at the Sharjah Expo Centre, highlighted the growing demand for Alef Group’s community-focused developments. The company introduced its latest project, Al...
Abu Dhabi’s real estate market experienced a remarkable surge in foreign direct investments (FDIs) last year, with a 125% increase compared to 2023. The Abu Dhabi Real Estate Centre (ADREC) reported that the sector attracted over AED 7.86 billion ($2.14 billion) in FDIs during 2024. The investments came from 2,302 investors representing 105 countries, including...
In 2024, the Emirate of Ajman recorded a total of 15,125 real estate transactions, with a combined value exceeding AED 20.5 billion. This represents a significant growth of 21% compared to the previous year, showcasing a robust performance in the real estate sector. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of...
Dubai’s real estate market achieved extraordinary milestones in 2024, with a record-breaking 2.78 million transactions, including property and plot deals as well as rental agreements. This marked a 17% increase compared to 2023, highlighting the sector’s continued growth. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister...
OMNIYAT Properties has solidified its position as a leader in Dubai’s ultra-luxury real estate market, securing AED2.94 billion ($800.4 million) in sales for 2024. According to Property Monitor, a UAE-based real estate market intelligence firm, the developer captured 37% of transactions in the exclusive $10 million-plus residential category. According to Economy Middle East, the company...
Khalaf Al Habtoor, chairman of the UAE-based Al Habtoor Group, has expressed plans to launch a major project in Lebanon after the country forms a new government. He described the initiative as “large and ambitious”, highlighting its potential to boost Lebanon’s economy and create thousands of jobs. While details about the investment’s scale or focus...
The Sharjah Real Estate Exhibition “ACRES 2025,” taking place at Expo Centre Sharjah, has introduced a wide range of innovative and distinctive property projects aimed at meeting the aspirations of investors. This event, organized by the Sharjah Chamber of Commerce and Industry (SCCI) in partnership with the Sharjah Real Estate Registration Department (SRERD), highlights the...