Dubai’s real estate sector has experienced robust growth in the first quarter of 2025, largely fueled by off-plan property transactions. Data from Betterhomes indicates a remarkable 35.5 percent increase in real estate transactions, reinforcing Dubai’s status as a prime investment destination. Off-plan properties played a crucial role in this growth, with 24 920 transactions recorded...
Saudi Arabia has announced reforms designed to stabilize land values and residential rental rates in Riyadh, a move that comes at a critical time for property buyers. Industry sources indicate that these reforms represent the most significant changes since 2016 when a 2.5% annual tax on vacant land owners was introduced. This previous measure helped...
Demand for homes in the super tall towers being constructed in the UAE is on the rise, with developers anticipating billions of dirhams in sales from these luxurious properties. The trend is largely driven by an influx of ultra-wealthy residents moving to the Gulf region, which has created a strong market for high-end real estate....
The Abu Dhabi Real Estate Center has announced the launch of ‘Madhmoon,’ the first multi-listing property services platform in Abu Dhabi. This initiative is a pioneering effort in the Gulf region and aims to provide a high level of transparency, efficiency, and trust within the real estate market for brokers, developers, and buyers. ‘Madhmoon’ serves...
Dubai Municipality has announced the launch of the ‘Home First’ initiative aimed at enhancing housing facilities for Emirati families. This initiative aligns with the ‘Year of Community’ declared by His Highness Sheikh Mohamed bin Zayed Al Nahyan. The ‘Home First’ initiative introduces a comprehensive set of urban planning amendments designed to strengthen family stability, promote...
The Masaar 2 project in Sharjah has achieved success, selling all 2,000 homes valued at Dh5.6 billion within just three hours of its launch. This rapid sell-out makes it the fastest-selling off-plan project in the UAE. Customers began arriving at the sales centers of developer Arada as early as 2 AM, eager to secure their...
Dubai South is gearing up for a major transformation as the Dh128-billion passenger terminal at Dubai World Central – Al Maktoum International (DWC) progresses, which is set to create thousands of jobs and new housing opportunities in the area. The district, currently home to around 25,000 people, is expected to house over one million residents...
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...
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...