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...
According to a file published through Espace Real Estate, the Dubai real estate marketplace is achieving record stages of activity, with residential property income inside the emirate hitting AED191bn.Espace Real Estate said this represents an increase of 38% on H1 2023The villa/townhouse market saw prices increase by an average of 28% in the first six months of the year compared to last year across...
Dubai's best real estate developer, Binghatti, has revealed an incredibly successful Sukuk. The sukuk tap was linked to the developer's debut in February 2027 USD 300 million sukuk issuance, listed earlier this year on the London Stock Exchange (ISM) and Nasdaq Dubai and over 200% oversubscribed. The recent fixture brings Binghatti's all-around sukuk deal size to $500 million. The recent tap witnessed...
Top Dubai-based developer Binghatti has revealed the early completion of Binghatti Corner, heeding closely on the heels of the newly completed Binghatti Emerald. Ribbon-cutting ceremonies were held in the presence of Binghatti's Chairman, Muhammad BinGhatti, to mark the early delivery of the projects.The project was sold out shortly after its launch and was completed before the scheduled delivery. This...
In the last year, the number of luxury residences available for sale in Dubai has decreased by over half, primarily due to the extraordinary demand from high-net-worth individuals.According to the data released by global real estate consultancy Knight Frank, the number of properties has fallen by 47% to 2,851 in high-end communities such as Palm Jumeirah, Emirates Hills, and Jumeirah Bay Islands.This new...
Rain Street ExtensionThe Dubai street, where it rains all year, will be extended to 1km to surround an upcoming resort. The Marbella Resort, anticipated to be completed in 2026, will also accommodate a snow plaza and coral reefs.Unique Location and FeaturesLocated on the World Islands, accessible only by a private yacht, the Dh1 billion five-star hotel will draw inspiration from the Spanish resort town of...
According to Property Finder's Market Watch digest report, the Dubai real estate sector saw a record AED124.4bn ($33.9bn) of transactions in Q2 2024.According to data from the Dubai Land Department(DLD), Dubai recorded the most increased volume and value of transactions ever, with a total number touching 43,522, indicating an increase of 45% corresponding to Q2 2023.The worth of transactions increased by...
Partnership AgreementThe top residential and commercial real estate business in Lahore, Pakistan, Empire Holding Pakistan, and Reportage Properties, the top real estate developer in the United Arab Emirates with its headquarters in Abu Dhabi, have joined forces to establish a joint venture in the burgeoning Pakistani real estate market.Based on this contract, which desires to enhance cooperation between...