Dubai’s MERED and Mirage have partnered to develop a new residential landmark in the city. The partnership will see the development of what aims to be an ultra-high-end project set to come to completion in three years.The project will feature 311 apartments and offer residents amenities that include spas restaurants, kids club, BBQ area, yoga areas, retail outlets, and an infinity pool.Mirage’s...
Are office rents expected to continue rising? This is a question we are often asked, and the short answer when analysing the current supply and demand is that the only way office rents and occupancy levels are going in the near term is up.Coming off the pandemic dip, Dubai’s office market continues its upward trend in rents and occupancy levels across the city at record levels driven by positive economic...
Long queues of property agents at the launch of villas by Nakheel at Palm Jebel Ali last week reminded us of similar queues that used to be formed during the first property boom in Dubai in the pre-global financial crisis of 2008-09. This proves that Dubai's property market has not lost its steam and the ongoing rally will go a long way.It is not just a high return on investment or capital appreciation...
Master developer Expo City Dubai has announced the second phase of its Shamsa Townhouses project in Expo Valley, launching a limited number of units following the sell-out of the first phase.The project has seen interest from both investors and owners from around the world.Mangrove Residences, the first of three clusters of apartment buildings that make up Expo Central, is also selling fast, with two...
London Gate, a major real estate developer in the UAE, has a number of projects under development in Dubai. The company is preparing to mark the imminent completion of several ventures. Among these, the ‘Maya V’ development is entering its final stages, ready to encapsulate sophistication and contemporary living in its finest form. Building on the resounding successes of its predecessors, the Maya V...
Dubai-based property developer Azizi Developments on Wednesday launched a Dh30-billion mixed-use desert oasis community project. Azizi Venice in Dubai South will house 30,000 residential units.The private developer announced that the Venice-inspired waterfront community will house 100 mid-rise apartment complexes and more than 400 luxury villas and mansions.It will be set entirely within one of the...
Global stocks were down on Wednesday, extending the previous session’s sharp sell-off, as oil prices rallied and US Treasury yields climbed along with the dollar.US crude oil futures briefly nudged above $94 per barrel, intensifying concerns about rising gasoline prices and their impact on inflation and consumer spending.The dollar index hit its highest level since late November 2022, pushing the euro to...
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