OMNIYAT set a new record by selling a penthouse for AED139 million ($37.8 million) at The Lana Residences, Dorchester Collection, Dubai, in the Burj Khalifa district.The sale of the 4-bedroom penthouse keeps the most expensive property in the region.Opening in April 2024, The Lana, overseen by Dorchester Collection, features interior design by Gilles & Boissier and architecture by Foster + Partners....
According to a report by real estate agency Allsopp & Allsopp, projects for a new mega-airport in Dubai South are anticipated to significantly increase real estate development across the area.Dubai's Al Maktoum International Airport is selected to open with an accommodation of over 30 million passengers annually. With over 10,000 aircraft stands, it will become one of the world's largest airports upon...
On Sunday, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai announced the expansion of a new passenger terminal at the Al Maktoum International Airport in Dubai South.The planned expansions of the new airport in Dubai are valued at AED128 billion (approximately $34.8 billion) and are expected to be five times larger than Dubai International Airport...
Dubai International (DXB) operations may be transferred to Al Maktoum International (AMI) over the following few years. A new Dh128-billion passenger terminal at the AMI announced Sunday that it will scale up passenger capacity to 260 million yearly and "absolutely absorb" DXB's operations in 10 years.The announcement marks phase two of the airport's expansion. DXB will resume serving as the preliminary...