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...
Global property counsel Knight Frank's research said 105 homes priced beyond $10 million were sold in Dubai during Q1, marking a 19% increase compared to last year.Luxury Home Sales Surge in DubaiThe total weight of luxury homes dealt with during Q1 amounted to $1.73 billion, a 6% rise from Q1 2023. This evolution further solidifies Dubai's position as the world's busiest home market for $10 million or...
Transactions Surge 49.9% Compared to 2023 AED 1.46 billion worth of real real was exchanged in 1169 transactions in Ajman in March. This represents a noteworthy growth of more than 49.9% as compared to the identical time in 2023. Al Helio 1 Area Sees Highest Sales Value The Director General of the Department of Land and Real Estate Regulation in Ajman, Engineer Omar bin Omair Al Muhairi,...
Flipping is unheard of within the residential belongings market due to pinnacle builders now requiring around 30 to 50 percent of the price before owners can promote it.Flipping happening on commercial landHowever, on the subject of commercial land, there is lots of flipping happening as expenses have rocketed through around 300 percent in the beyond couple of years.Reasons for lack of flipping in the...
The real estate sector in Dubai remains robust, with both off-plan and secondary/existing properties experiencing notable growth in sales.Investors and homeowners alike are witnessing appreciable increases in property values, with yields showing consistent year-on-year improvements, as reported by property specialist Haus & Haus Real Estate.The company has released its Dubai Market Reports for Q1,...