UAE’s gaming island attracts real estate investors looking for thriving opportunities

Published: Mon 6 Nov 2023, 2:23 PMLast updated: Tue 7 Nov 2023, 12:14 PMExperience the perfect blend of luxury living and robust investment potential, nestled in the heart of the United Arab Emirates.The UAE, renowned globally for its breathtaking architecture and booming real estate, is the ultimate destination for discerning investors.Now, a promising new venture is on the horizon. Less than an hour...

Wasl Tower: A beacon of sustainability in Dubai

The 64-storey Wasl Tower is set to be one of the world's tallest buildings to use ceramic fins as a renewable means to achieve energy efficiency, amid preparations to host the upcoming global climate summit COP 28 in the UAE.Aligned with the Year of Sustainability being marked by the UAE this year, the new building further enhances Dubai's credentials as a global leader in adopting state-of-the-art...

Dubai’s 10-month residential property deals surpass full 2022 level

Published: Wed 8 Nov 2023, 5:21 PMResidential transactions in Dubai during the first 10 months of 2023 surpassed last year’s record total transactions, underscoring the sustained demand surge for secondary market and off-plan properties from both overseas investors and new migrants.A total of 93,590 residential transactions were recorded outstripping the 2022 full-year total of 92,178, which was the...

Citi Developers unveils new project in Jumeirah Village Circle

Published: Thu 16 Nov 2023, 11:48 PMCiti Developers has announced the launch of Aveline Residences. Aveline Residences is an exquisite collection of 263 apartments located in the heart of Jumeirah Village Circle. Scheduled for handover in Q2 2026, the project offers a variety of unit types catering to different lifestyles including studios,1, 2 and 3 bedroom apartments, ranging from 453.70 sq. ft to...

Look: Dubai penthouse sold for Dh500 million

Published: Sun 19 Nov 2023, 1:37 PMLast updated: Mon 20 Nov 2023, 9:45 AMThe upward trend in Dubai’s ultra-luxury residential property prices continues as demand remains unabated with a new penthouse on Palm Jumeirah selling for a record Dh500 million.Spread over 21,949 square feet, the five-bedroom Como Residences penthouse is equipped with a home automation system and exclusive access via a private...

Dubai property: How will prices fare next year?

Published: Tue 14 Nov 2023, 8:00 AMDubai’s real estate market is likely to cool down next year as prices decelerate, a new report shows.According to a report by S&P Global, the sector is likely to expand by five to seven per cent next year. “We don’t expect a profound market disruption. Instead, we think price increases could decelerate and potentially slightly reverse over the next 12-18...

Dubai real estate records $3.5bn of deals this week

The Dubai real estate sector recorded AED12.9bn ($3.5bn) of transactions this week, according to data presented by the Dubai Land Department.A total of 1,659 real estate transactions were conducted during the week ending October 13.The report showed that 297 plots were sold for AED5.08bn ($1.4bn), while 1,362 apartments and villas were purchased for AED4.57bn ($1.2bn). Dubai real estate this weekThe...

Dubai’s commercial real estate crisis: Rental prices surge up to 300% in prime areas

Alarm bells are ringing loud across businesses in Dubai in the wake of a runaway increase in office and retail spaces rentals – estimated to be up to 300 percent in some of the prime areas in the last 24 months – due to an acute demand-supply crunch in the commercial real estate sector in the city, industry insiders said.The steadily deteriorating situation is said to be giving sleepless nights to...

Ultra-rich Russian, Chinese investors flock to Dubai luxury real estate

Growing investor demand from Russia and China has helped fuel exponential market growth in the UAE, especially in Dubai’s luxury real estate segment, industry insiders told Arabian Business. As geopolitical tensions and economic uncertainties persist at home, wealthy individuals from these two countries have turned to Dubai in increasing numbers, chasing high yields and a safe haven for their...

Most expensive beachfront luxury villa in Abu Dhabi listed for AED98mn

Metropolitan Capital Real Estate (MCRE) has unveiled an exclusive listing for the most expensive luxury villa in Abu Dhabi.Priced at AED98 million, this residence is located within the Ohana by The Sea development, a luxurious coastal community situated conveniently between Abu Dhabi and Dubai.Expected to be handed over in Q4 2025, this seven-bedroom beachfront mansion spans an impressive 32,000 square...

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