DHG Properties, a leading Swiss real estate development company, has announced that it has achieved significant sales milestones for its latest project, Helvetia Residences, located in Jumeirah Village Circle, Dubai, with 58% of its units sold within the development.Dubai's Real Estate Market OverviewDubai's real estate sector has grown with active off-plan and ready property activity. In Q2 of 2024,...
Over Dh2.5 billion in sales have been made in all four stages of Sharjah Sustainable City, the first sustainable master-planned residential community created by the Sharjah Investment and Development Authority (Shurooq) in collaboration with Diamond Developers.This significant event highlights the growing need for and awareness of sustainable living alternatives, as only a small number of the original...
Dubai has become the world's real estate hub in recent years, with high returns on investment and a secure environment, which has become the most positively influential element in light of the escalation of geopolitical tensions globally and in light of the state of "uncertainty" surrounding the global economy, leading brokerage said.Strong Growth and Record SalesAccording to a statement by W Capital Real...
New Expansion to Meet Market DemandCentral Park Towers, DIFC, announced its latest expansion with new furnished offices on Level 31. The company said the expansion will meet the region's booming commercial real estate market, reflecting the city's thriving economy. The fourteen fully equipped office apartments at the new Level 31 range from 1,000 to 1,700 square feet. The level features a creative outdoor...
Dubai's Mohammed Bin Rashid Home Establishment has pushed drone and AI technologies in its home developments.The move strives to improve invention and sustainability in the housing sector.The establishment works with global companies to ensure drone and AI solutions meet international standards. This initiative aligns with Dubai's goal to become the world's most innovative city.Drones to monitor Dubai's...
Dubai's real estate market revealed robust commission in Q2 of 2024, with substantial increases across residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.Residential Sector PerformanceVilla prices grew particularly strongly, with capital values increasing by 33.4% year-on-year.Haider Tuaima, Director and Head of Real Estate Research at ValuStrat, said: "The...
RMS Capital Investment, formed by Reportage Properties (UAE), MESA Holding, and Sabah Investment Group (Azerbaijan), have joined forces to form RMS Capital Investment to realize large projects globally as soon as possible.Reportage Properties owns 38%, MESA owns 33%, and Sabah Investment Group owns 33% of the RMS Capital Investment partnership structure.Investment Plans and Project DetailsThe partnership's...
Project OverviewZimaya Properties, a boutique property developer, has unveiled Belle Reve, their latest residential project in District 15 of Jumeirah Village Circle (JVC).Belle Reve, a 5-floor residential tower, delivers 187 en-suite premium units. The project includes various housing options from studio apartments to 1-bed, 2-bed, and 3-bed. High terraces, alfresco areas, and a host of contemporary...
Dubai's off-plan property market has established a new record in Q2 of 2024, with 25,466 transactions totaling over AED52 bn, a statement by Betterhomes said. This symbolizes an 81% growth compared to the previous year's period.Strong Growth Across Property TypesVillas saw a 44% year-on-year rise in transactions and a 76% increase in value. Off-plan apartments dominated the market with an 86% year-on-year...
More and more developers are focusing on the delivery of properties rather than launching new projects as Dubai's real estate market shows signs of stability, a sign that the supply of property has caught up with demand. 42,241 units, including 9,909 villas and townhouses, 991 commercial buildings, and 31,341 flats, are expected to be completed by developers this year.So far, 13,815 units have been...