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...
In the last year, the number of luxury residences available for sale in Dubai has decreased by over half, primarily due to the extraordinary demand from high-net-worth individuals.According to the data released by global real estate consultancy Knight Frank, the number of properties has fallen by 47% to 2,851 in high-end communities such as Palm Jumeirah, Emirates Hills, and Jumeirah Bay Islands.This new...
Rain Street ExtensionThe Dubai street, where it rains all year, will be extended to 1km to surround an upcoming resort. The Marbella Resort, anticipated to be completed in 2026, will also accommodate a snow plaza and coral reefs.Unique Location and FeaturesLocated on the World Islands, accessible only by a private yacht, the Dh1 billion five-star hotel will draw inspiration from the Spanish resort town of...
According to Property Finder's Market Watch digest report, the Dubai real estate sector saw a record AED124.4bn ($33.9bn) of transactions in Q2 2024.According to data from the Dubai Land Department(DLD), Dubai recorded the most increased volume and value of transactions ever, with a total number touching 43,522, indicating an increase of 45% corresponding to Q2 2023.The worth of transactions increased by...
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