A record number of apartments are anticipated to be handed over in the final quarter of this year, indicating that Abu Dhabi's secondary real estate market is poised to flourish, according to Metropolitan Capital Real Estate (MCRE). According to MCRE, leading developers are anticipated to produce up to 4,000 villas and townhouses in Q4 2024, with Yas Island alone making about 40% of all units available...
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...
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...
According to DHG Properties, the UAE's residential real estate market is being boosted by the commercial property market as tax advantages, high rental yields, and Golden Visas lure international investors.The renowned Swiss real estate developer said the UAE's high commercial property demand translates to tremendous residential real estate success for the country.DHG cites a 45 percent increase in demand...
According to a market summary of the year’s first quarter by property consultant JLL, approximately 10,000 units were completed in Dubai Q1 2024, increasing the total stock to 729,000.Over the coming nine months, an additional 25,000 units are scheduled for delivery in the emirate, primarily consisting of apartments in prominent areas such as MBR City, Business Bay, Jumeirah Village, and Dubai Land.JLL...
British investors are driving Dubai’s real estate market. Industry insiders told Arabian Business that they are flocking to the UAE in record numbers to buy properties and settle down, with high rental yields, lured by tax benefits and a luxury lifestyle.Data from top Dubai property agencies shows an exceptional surge in dealings from UK nationals over the past year, outpacing traditionally dominant...