Dubai’s office property market is witnessing remarkable activity, with waiting lists for premium spaces growing rapidly. According to Gulf News, Indialand Group, led by founder Harish Fabiani, has made significant moves with a series of major acquisitions in the city. Just days after purchasing the Thuraya Telecommunications Tower in Barsha for Dh160 million, Fabiani acquired...
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06.01.202506.01.2025Real Estate
Sheikh Mohammed Approves Dh5.4 Billion Housing Project for Young Emiratis
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has announced a major housing initiative worth Dh5.4 billion aimed at supporting young Emiratis who are starting families. The project will see the construction of more than 3,000 new homes across Dubai, catering to both housing loan and grant beneficiaries. Under the plan, 1,181 homes...
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04.01.202504.01.2025Real Estate
Burj Khalifa at 15: What It Costs to Rent or Own in the Iconic Tower
The Burj Khalifa, an iconic symbol of Dubai, marks its 15th anniversary, and its property market remains one of the most sought after in the city. According to a report by Khaleej Times, property prices in the world’s tallest building are 78.5% higher than the Dubai-wide average, standing at Dh3,000 per square foot compared to...
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03.01.202503.01.2025Real Estate
EmiratesGBC and GGGI Join Hands for Greener Cities in the UAE
The Emirates Green Building Council (EmiratesGBC) and the Global Green Growth Institute (GGGI) have signed an agreement to work together on advancing sustainable and green urban development in the UAE. The Memorandum of Understanding (MoU), reported by WAM, focuses on promoting climate-resilient cities and accelerating efforts toward the UAE’s Net Zero by 2050 commitments. The...
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03.01.202503.01.2025Real Estate
Dubai Real Estate Market Hits Record Sales in 2024, Growth Expected in 2025
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...