The sale of a three-bedroom penthouse at Nobu Residences for AED 137 million, approximately $37,308,305.80, marks a significant milestone in Abu Dhabi's real estate market.Highest Price Per Square MeteThis transaction represents the very best price consistent with a square meter ever paid for residential assets inside the capital.With a promoting charge that exceeds AED 96,000 per square meter, this sale...

Sheikh Mohammed bin Rashid Al Maktoum introduced on Saturday that pinnacle real estate builders Nakheel and Meydan are set to enroll in forces beneath the umbrella of Dubai Holding.This move is part of efforts to "consolidate and decorate the momentum of Dubai's monetary boom."Consolidating for Growth"The goal is to create a more financially efficient entity, owning assets worth hundreds of billions, and...

Dubai's real estate area is experiencing fast evolution, with new traits rising in increasing regions. As a result, investors are confronted with sizable decisions concerning where and what sort of off plan property gives pleasant possibilities.Villas, townhouses, and apartments each provide wonderful capabilities that can attract customers primarily based on their dreams and priorities. Experts are...

The removal of the minimal down fee requirement of Dh1 million for eligibility for the ten-year residency in Dubai has led to an enormous growth in the call for properties worth Dh2 million.Industry executives document that many belonging developers are responding to this surge in calls by way of growing the size of flats to cater to the developing market for Dh2 million properties. Additionally, traders...

Union Properties, an outstanding developer in Dubai, asserts that its recuperation tasks yield the preferred outcomes for buyers and the nearby real estate marketplace."The increase in net income for 2023 is a testament to Union Properties' steadfast dedication to transparency," the company stated in a press launch.Union Properties emphasized its ongoing efforts to enhance governance, reform corporate...

Dubai is poised to witness the emergence of three new master communities in 2024, further bolstering the villa and townhouse supply in the market and signaling the next phase of expansion for the emirate.New Master Communities on the HorizonProperty Monitor, a prominent real estate market intelligence provider, has reported that these upcoming developments include two new communities revealed by...

Sharjah's Robust Real Estate MarketIn February, actual property transactions in Sharjah amounted to Dh3.1 billion, highlighting the arena's advantageous momentum fueled by using accelerated investments from local, Arab, and international traders.The emirate's appeal to investors and buyers remained strong, with a significant rise in both rental and sales prices for apartments and villas. Total transactions...

Demand Outstrips Supply for Spacious Villas in Post-Pandemic DubaiIn a pass to cater to the surging demand for uber-luxury residences, Dubai-primarily based Arista Properties has unveiled the Dh500 million Wadi Villas development, located inside the prestigious Mohammed Bin Rashid Al Maktoum City, District eleven, Meydan. This release comes at a time when the urge for spacious villas has soared, with...

Rent Payments in Dubai Shifting to DigitalDubai tenants and landlords now have the option to make and receive rent payments through direct debit, eliminating the need for outdated cheque payments.The Direct Debit System, which is the UAE's initial paperless direct debit marketplace, has joined forces with Keyper, a prominent technology-driven property management platform backed by venture capital, to...

Dubai is ready to witness the emergence of a brand new architectural icon with the announcement of Waldorf Astoria Residences Dubai Downtown, a joint task among international hospitality giant Hilton and esteemed actual property developer NABNI Developments. Scheduled for of entirety by means of 2028 in the vibrant heart of Downtown Dubai, this challenge marks a historical milestone because the first...

The Real Estate Regulatory Authority (Rera) index for Dubai has been updated, potentially affecting long-term tenants, according to an expert. Better Homes CEO Richard Waind announced that the Rera calculator was revised on March 1 to better align future renewals with current market rentals. The calculator provides landlords and tenants with information on how much rent can increase upon renewal based on...

Samana Developers, a prominent entity in the Dubai real estate market, has recently inked two joint venture agreements with Defence Housing Authority (DHA) Pakistan during the International Property Show Dubai.Collaboration with DHA IslamabadThe first agreement, signed with DHA Islamabad, involves partnerships between Imran Farooq, CEO of Samana Developers, and Brigadier Muqeem Ahmed Subhani, director of...

The DFM General Index rose sharply in February, posting the third-highest monthly gain across the GCC region. The increase was confirmed in Kamco Invest’s GCC Markets Monthly Report, which noted an increase of 3.4%, ending the index at 4,308.8 points. Despite these positive developments, month-on-month sector performance showed a mixed picture, with five of the eight sector indices declining and the...

Short-time period leases are becoming more and more famous among UAE residents as they offer huge ability for added profits. Industry experts recognize that many first-time property owners are now choosing to list their properties for short-term rental to generate extra cash. Like many exceptional sectors, the quick-time period apartment market professional a downturn throughout the COVID-19 pandemic in...

Dubai’s red-hot property market saw apartment prices rise at their fastest rate in over a decade in January 2024, according to the latest ValuStrat Price Index (VPI) report. This growth was fueled by strong demand amid limited ready supply, as developers focused on off-plan sales.Surging Capital Appreciation for Apartments Catches Up to VillasThe VPI, which tracks changes in capital values for typical...

Prices of high residential properties in Dubai surged using more than 16 percent last 12 months, marking the second one-fastest increase in growth rate globally, driven via a robust call amidst a broader financial rebound.According to assets consultancy Knight Frank’s film released on Wednesday, homes valued at $10 million or more in the best neighborhoods like The Palm Jumeirah, Emirates Hills, and...

IntroductionAnalysts suggest that recent changes in UAE Golden Visa rules could significantly benefit Dubai’s real estate investors. This article explores how to apply for a visa, associated costs, and expert opinions on the matter.Impact on Dubai Real EstateThe UAE government’s selection to take away the AED1 million ($272,000) minimal down fee requirement for Golden Visa eligibility through real...

Luxury Living Revolution – A Visionary ExpansionDubai’s real estate panorama is on the brink of a brilliant transformation as Emaar Properties, a leading developer inside the vicinity, publicizes an enormous expansion of its prestigious residential improvement, The Oasis via Emaar. Renowned for its architectural elegance and indoor sophistication crafted by way of global design luminaries, this task is...

Announcement of $4bn Bahrain Real Estate ProjectAbu Dhabi-primarily based real property developer Eagle Hills International has these days unveiled a large milestone through the signing of a cooperation settlement to establish “Binaa Al-Bahrain,” a promising new real property improvement corporation. This landmark agreement, valued at $4bn, signifies a strategic alliance between Bahrain’s region and...

A New Haven for Waterfront LivingIn the wake of a successful relaunch of Palm Jebel Ali, Nakheel, the prominent Dubai-based developer, introduces yet another sought-after destination for waterfront living: Dubai Islands (formerly recognized as ‘Deira Islands’). The unveiling of off-plan sales for the opulent homes at Dubai Islands has sparked an unprecedented rush among potential buyers and property...