Dubai Areas

According to an industry report, Dubai's commercial real estate market saw 9,038 sales transactions in 2024, representing a 24% YoY growth. According to Betterhomes affiliate Commercial Real Estate Consultants (CRC) research, the total transaction value increased 11% YoY to $24.5 billion (AED 90.1 billion) last year. “As we close the chapter on another year in Dubai’s commercial property market,...

Dubai is building an entire city in its south as its Dh128-billion passenger terminal at Al Maktoum International Airport takes shape. Property experts said that Dubai South is now among the top five areas in demand for new developments across the emirate. As he announced plans for the world's largest airport, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler...

Samana Developers, a leading Dubai-based real estate developer, announced the opening of a new office in Abu Dhabi. Market Expansion Strategy The company stated that the action is intended to improve service offerings to brokers and real estate investors and is a reaction to the growing demand for luxury real estate from Abu Dhabi. It said the new office will serve the company’s Abu Dhabi clients,...

According to the city Land Department, Dubai real estate owners should join owners’ committees to have more involvement and voice in managing residential communities. All property owners living in jointly owned properties were encouraged to take the initiative and register for Owners committees by the Real Estate Regulatory Agency (RERA), a division of the Dubai Land Department The suggested move...

Aldar Properties has successfully priced its inaugural $1bn hybrid capital issuance, attracting robust demand from a wide range of regional and international investors. Aldar's issuance at the "PJSC" level represents the largest conventional hybrid in the Middle East. Additionally, the transaction received the tightest credit spread at issue and the best rating for a corporate hybrid in the Central and...

Dubai real estate developer Sobha Realty has announced the top nationalities investing in its diverse portfolio of projects. Sobha Realty's projects attract investors from India, China, Iran, the UK, and the US, with different developments attracting a range of investors. Project-Specific Investment Analysis Sobha Hartland 2 A Dubai master community spanning 8 million sq ft: Indian Iranian...

The Emirate's real estate regulator has announced that a new 'Smart Rental Index' will be launched in Dubai in January 2025. The new index will regulate and develop Dubai's real estate sector, "particularly in rental valuation". Purpose and Benefits According to the Dubai Land Department, the index will foster "trust, transparency, and confidence among landlords, tenants, and investors." The...

According to analytics from a top UAE-based real estate company, due to rising property values, increased rental demand, and high investor confidence, Dubai's real estate market is expected to grow steadily in 2025. According to Elite Merit Real Estate, the expansion is fueled by changing market trends, creative government initiatives, and economic resiliency. "Dubai's focus on innovation,...

Dubai real estate developer Object One is ending the year with remarkable growth after seeing sales value grow by 913% and sales volume up by over one thousand percent in 2023. Unprecedented Milestones and Market Expansion Object1 is making waves in Dubai's thriving real estate market with remarkable growth and has achieved unprecedented milestones. Object 1 has launched nine high-quality projects and...

With more than 3,100 units sold from the newly opened DAMAC Islands complex in just ten hours, DAMAC Properties reported record-breaking sales of over AED 10 billion. Star-Studded Marketing Campaign Launched in November, the initiative featured a high-profile marketing campaign featuring internationally recognized celebrities such as Lebanese actress Nadine Njeim, boxing champion Amir Khan, Sara Ali...

Damac Properties said on Thursday that it sold over Dh10 billion worth of properties in less than 10 hours, ending 2024 on a very high note for the most significant private developer in Dubai and giving strong confidence to investors about next year. Project Details: Damac Islands The developer sold 3,100 Damac Islands units, which were launched last month. Islands, the developer's sixth master...

Dubai South has agreed with BT Holding LLC to develop a gated master community within its Golf District near Al Maktoum International Airport. HE Khalife Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, and Ahmed Ali Riaz Malik, Group Chief Executive Officer, signed the agreement. The signing occurred in the presence of key stakeholders, including Nabil Al Kindi, CEO...

By Q4 2027, AQUA Properties' $129 million residential construction, The Community Sports Arena, will revolutionize urban life in Dubai Sports City. With 396 apartments spread across 22 stories and 66,000 square feet, the property is designed for contemporary professionals and includes apartments with dedicated home offices. The development will feature over 15 amenities, including a rooftop pool with...

The Dubai Real Estate Corporation (DREC) and its subsidiary, Wasl Group, reported a 28% growth in revenues for the first 10 months of this year compared to the same period in 2023. Strategic Vision and Portfolio Through its innovative real estate projects, Wasl Group aims to support the goals of the Dubai Economic Agenda D33 to double the city's economy and transform it into one of the world's top three...

Development of real estate in Dubai According to Keturah, sales of Keturah Reserve and The Ritz-Carlton Residences, Creekside, Dubai, totaled AED6.1 billion ($1.7 billion) in 2024. At Keturah Reserve, the luxury residential development in Meydan, all townhouses have been sold, while 60% of residences and 93% of plots were sold respectively. In 2025, the company will launch 26 luxury villas for...

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...

New Launch Announcement Expo City Dubai has launched the first phase of Sidr Residences, a new three-tower development of one- to four-bedroom apartments priced from AED1.88m ($512,000) and ready to move in by 2027. Project Background After Mangrove Residences and Sky Residences sold out earlier this year, Expo City's third residential apartment complex, Sidr Residences, gives prospective homeowners and...

Industry players predict that 2025 will be another excellent year for investors and house owners in Dubai. Rentals are predicted to see an average jump of 18% for short-term and upwards of 13% for long-term leases. The anticipated increase in rentals next year is attributed to the ongoing boom in professionals from all over the world relocating to Dubai for jobs and lifestyle, as well as the emirate's...

According to the latest data from the Land Department, the Dubai real estate sector achieved AED16.92bn ($4.6bn) in transactions last week. According to Land Department data, sales dominated the figures, with AED10.59bn ($2.9bn). In total, there were 3,772 sales transactions recorded between October 28 and November 1. Dubai real estate this week Among the top sales transactions listed on the Land...

Transaction Volume and Value The first 9 months of 2024 saw a 47% rise in Sharjah's real estate transaction volume over the previous year. With 69,078 transactions overall, the value of these transactions totaled Dh28 billion, representing a 16.5% increase over the same period the year before. International Investment Profile Sharjah real estate has attracted 114 different nationalities in the same time...