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...
The 39-storey ‘Heights Tower’ project is set to occupy the last available plot within the original Dubai International Financial Centre (DIFC) district. Sales for the 366 luxury units in this new development are scheduled to commence on April 16, with completion expected by 2029. DIFC has been actively launching new off-plan projects to meet the...
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...
A growing number of Turkish citizens are investing in real estate abroad, with Dubai and Greece becoming popular choices. According to a report from Daily Sabah, Turkish nationals spent over $2.5 billion on foreign property purchases last year, which marks a 21 percent increase compared to the previous year. In January 2025 alone, this investment...
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’s real estate market has become increasingly attractive to Indian investors due to its strategic location and ongoing infrastructure developments. The demand for luxury properties has surged, with many Indians looking to invest in Dubai. Factors such as a favorable tax environment, modern infrastructure, and attractive rental yields have contributed to this growing interest. In...
Dubai has officially launched the pilot phase of its real estate tokenisation project, aiming to attract more investment into the property market. This initiative is designed to diversify ownership by enabling multiple investors to co-own a single property, which could open new avenues for investment in the real estate sector. The pilot project is part...
Arada Developments, a property firm co-founded by Sheikh Sultan bin Ahmed Al Qasimi of Sharjah and Prince Khaled bin Alwaleed bin Talal of Saudi Arabia, has awarded a contract worth 604 million dirhams (approximately $164 million) for the construction of the first phase of a business district in Sharjah. This initiative reflects a growing interest...
UAE developer Arada is contemplating an IPO in the future, according to its group chief executive, Ahmed Alkhoshaibi. This announcement follows the rapid sell-out of its new Dh5.6 billion ($1.52 billion) project in Sharjah, which saw all 2 000 units sold in just three hours, highlighting strong demand in the real estate market. Alkhoshaibi indicated...
Sharjah has transformed its rental services by launching the ‘Aqari‘ digital platform, which reduces the number of procedures from seven to just three. This significant change eliminates the need for in-person visits to various departments, which previously required five such visits. The Aqari platform, introduced on Monday, is designed to enhance and simplify real estate...