Record-Breaking Market Performance In 2024, the Dubai real estate market had a record-breaking 180,900 transactions valued at AED522.1 billion ($142.2 billion). A market report issued by fäm Properties underlines how 2024 became a historic year, with big leaps of 36% and 27%, respectively, on the previous high of 133,100 sales worth AED411.1bn ($112bn) in 2023. Primary Market Growth In the primary...
Project Background With an uncertain future and the possibility of losing their investment, hundreds of real estate owners are in a desperate search for answers after the Dubai Land Department declared a project initially introduced in 2005, 19 years ago, to be "under cancellation." Investor Stories Bibhu, a citizen of Dubai, has been longing for his ideal house in the Lily Zone at the Dubai Lagoon...
According to Dubai real estate company IMAN developers, the One Park Square property in Jumeirah Village Circle (JVC) sold out in under four hours. One Park Square, valued at AED320m ($87m), is IMAN developers’ 14th development, scheduled for completion in the second quarter of 2028. Ismail Marfani, CEO of IMAN Developers, said: “The overwhelming demand for One Park Square demonstrates the appeal...
Dubai International City, an exciting neighborhood inspired by world cultures, provides an experience of global living within UAE borders. Popular for its affordability and multicultural appeal, International City Dubai stands as a budget-conscious haven in one of the world's most dynamic cities My Off Plan Investment is a leading real estate company that guides prospective homeowners as well as investors...
A Marvel of Slender Design The Muraba Veil, Dubai's newest architectural marvel, will draw notice due to its skinny shape rather than its towering height. Standing 380 meters tall and only one unit wide, this skyscraper will be among the thinnest ever constructed. Prime Location This remarkable 22.5-meter-wide tower, which challenges traditional skyscraper aesthetics and makes a powerful statement in...
The Dubai real estate market has seen a record-breaking sale as a fully glorified, ready apartment on Jumeira Bay Island has been sold for AED17,000 ($4,600) per Sq.Ft. It symbolizes the highest ever attained for a ready apartment in Dubai. The apartment is on an elevated floor and delivers dual panoramic views of the iconic Bulgari Marina and Dubai skyline. Dubai real estate sales record Real...
The Dubai law allows one person to have 5.0 square meters of space in villas and apartments in the emirate. Overcrowding and breaking local rules are regarded to occur when more than one occupancy occupies the 5.0 sqm of available area."The minimum space for occupancy, dealt with by Dubai Municipality building code, states that for residential accommodation or shared sleeping spaces purposes, the allocated...
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