Swank Development Opens Office in DubaiSwank Development, a real estate developer from Portugal, has recently opened an office in Dubai and plans to launch its first project in Meydan, Mohammad bin Rashid City."Dubai is one of the top global destinations for business and living. Its thriving economy, superior lifestyle, advanced infrastructure, and safety and security distinguish it from other regional and...
According to the latest analysis by Bayut, apartments in Dubai Investments Park, Discovery Gardens, and Liwan offer the best rental returns of up to 11 percent to affordable property buyers.Dubai Silicon Oasis, Dubai Sports City, and Motor City have appeared as highly attractive choices. They offer up to 10 percent return on investment (ROI) based on projected apartment rental yields.Bayut's...
According to the latest quarterly report by the Bayut real estate portal, the rental market in Dubai continues to grow.In the first quarter of this year, rental prices for apartments and villas increased by up to 17 percent, spanning affordable, mid-tier, and luxury market segments.This continued boom has been fueled by robust calls among local and overseas property seekers, resulting in tenants...
The today's quarterly report released by using real estate portal Bayut has revealed a listing of the excellent-selling off plan properties in Dubai.Throughout the primary area of this yr, Dubai recorded almost 37,000 property sales transactions worth a spectacular AED109.6 billion, reflecting high investor confidence in the town’s real estate market.The Bayut record registered an increase in demand for...
Dubai’s Danube Properties has announced its latest AED2.4bn real estate project, Diamondz, at Jumeirah Lake Towers.The 65-storeyed skyscraper aims to promote a healthy lifestyle and fitness regime for its residents. It features the region’s first gym with superstar Salman Khan’s “Being Strong Fitness Equipment” range.“I am very happy to launch the first gym in Dubai with Being Strong equipment...
Two Dubai-based developers—ARA Real Estate Development and DECA Properties—are joining hands with a land-owning company to launch a slew of massive residential projects spanning Dubai, Abu Dhabi, the North Emirates, and Europe, envisaging tens of billions of dollars.The land worth of the ambitious multi-country project independently is calculated at $6 billion (AED22 billion)The project's overall...
Emaar Properties disclosed its record-breaking achievement in 2023, reporting property sales reaching $11 billion. Furthermore, the company announced a total dividend payout of $1.2 billion (AED 4.4 billion) for the same year, following its outstanding performance.This dividend, approved during the company's annual general body meeting (AGM) on Monday, translates to 50 fils per share. The $11 billion (AED...
According to an analysis by Espace Real Estate, Dubai real estate has seen a 26 percent increase in residential real estate values this year.Strong Start to 2024A Q1 market summary report issued by Espace Real Estate investigated sales and rental activity in Dubai's townhouse, villa, and apartment markets during the first three months of 2024.The report tracks 30 communities and concentrates solely on the...
According to data from the Dubai Land Department (DLD), apartments in DAMAC Hills 2 areamong the most frequently traded properties in the United Arab Emirates.This intellectual development, the brainchild of DAMAC Properties, the top developer in theUAE, spans 55 million sqft and offers residents and guests a lifestyle that blends leisure,recreation, and scenic beauty. It also provides a distinctive take...
Dubai resumes to inspire real estate investors in the Middle East, attractingengagement with its enthusiastic market and impactful 2024 predictions.Analysts are optimistic, predicting an increase of 5 to 7 percent in residentialprices, which means Dubai's property market will have a good year ahead.Salman Bin Ali has emerged as a critical player in Dubai's thriving real estatemarket. Salman's story is...