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Dubai Real Estate
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...
Mirdif Uptown is the ultimate example of modern living, situated within one of Dubai's most sought-after communities and offering residents both tranquil suburban living as well as lively city lifestyle amenities nearby
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...
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...