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...
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...