With a total investment of AED 250 million ($68.1 million), Dubai real estate developer Jad Global Real Estate Development has announced the groundbreaking of its latest project, "171 Garden Heights." The project is part of an AED1 billion ($272 million) planned investment in the area and is situated within the Meraas-led Jumeirah Garden City development. There are 171 wholly furnished residential...
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...
85% of all established freehold villa communities in Dubai have more than doubled in value compared to four years ago, a new report shows.According to the most delinquent data from ValuStrat, a real estate consultancy, prices have overtaken the previous heights of the last decade, with Palm Jumeirah villas closely creasing in value since 2014.Dubai’s real estate market resumes to shatter records, with...
The Dubai law allows one person to have 5.0 square meters of space in villas and apartments in the emirate. Overcrowding and breaking local rules are regarded to occur when more than one occupancy occupies the 5.0 sqm of available area."The minimum space for occupancy, dealt with by Dubai Municipality building code, states that for residential accommodation or shared sleeping spaces purposes, the allocated...
Due to increased demand from locals and wealthy individuals who moved to Dubai, villa prices have more than doubled in 10 communities in the last four years.The most recent delinquent data from international real estate consulting firm ValuStrat, which includes Jumeirah Park, Palm Jumeirah, Jumeirah Islands, Green Community West, Arabian Ranches, Dubai Hills Estate, Emirates Hills, and Jumeirah Islands,...