The most significant lease contract in Dubai's history was just secured, marking a notable milestone for the ultra-luxury real estate sector in the city. Record-breaking lease details They are leasing the elite Jumeirah Bay Island villa for a year, costing Dh15.5 million. Toni Abou Jaoude, the sales and leasing manager for Betterhomes' local business, acted as a mediator for the deal on behalf of...
Investment Plan By the end of 2025, Reef Luxury Developments plans to have invested Dh14 billion across 30 different developments in Dubai, delivering 5,000 new residential apartments to the market. The city's newest real estate player announced it has built a land bank in multiple locations and plans to start Dh5 billion worth of projects in the next three months. It will provide affordable pricing...
Dubai real estate investors can access services remotely through video calls or WhatsApp messages, eliminating the need for time-consuming office visits, thanks to an innovative new launch.The "6005AQARI" platform was launched in conjunction with the "Injaz" Real Estate Registration Trustee as a calculated strategic step that reflects the Dubai Land Department's (DLD) dedication to strengthening...
According to W Capital, investors are prepared to spend about $33 billion on real estate in Dubai, setting the stage for a historic summer buying binge.W Capital said real estate sales in the current summer season will rise by 15 to 20%, exceeding AED120bn ($32.7bn), compared to AED102bn ($27.8bn) in the same season of 2023.If it hits the growth estimate, the sector will see sales nearly double the summer...
The Dubai Land Department (DLD) has announced the inclusion of the establish real estate investment platform in the Real Estate Evolution Space Initiative (REES). This allows real estate investors in Dubai to establish a claim in luxury properties in the city for as little as AED500 ($136).REES is designed to position Dubai as a global real estate technology and artificial intelligence leader.This step...