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...
The Dubai Land Department (DLD) reports that Dubai's real estate transactions reached more than AED 2.87 billion on Thursday. This occurs while record-breaking investment is being drawn to the emirate's real estate market. DLD data indicates that an off-plan unit in the Burj Khalifa neighborhood sold for AED 43.5 million, making it the most expensive residential property sold on July 4.Record Activity in...
Within Dubai is emerging an architectural gem combining cutting-edge technology and luxurious living: Meera Tower.
PG Real Estate, a part of the UAE-based Pure Gold Group, Tomorrow (July 4), revealed an ambitious plan to invest AED1 billion ($277 million) in transformative real estate developments.The move comes following the successful completion and early delivery of its first project, PG Upper House, in June last year. It vows to redefine luxury living and promote urban landscapes to new heights.According to the...
More than 80% of the new property units established in Dubai since 2022 have been sold out, recalling the emirate's invariably high demand for off-plan projects.Dubai has seen regional and foreign developers establishing real estate projects worth hundreds of billions of dirhams since 2022. Dubai Land Department (DLD) data indicates that 148 of the approximately 214 projects started are underway. "Much...
Dubai the city of dreams, associated with innovation, luxury as well as exponential growth has been an evergreen destination for investors in real estate all over the world. If you're considering Dubai as a property investment option chances are you've encountered the brand name My Off Plan Investment. The company is renowned for its expertise as well as their extensive portfolio They are regarded as to be...
Finding an idyllic blend of luxury and comfort in Dubai's lively mix of modernity meets tradition is often the dream of many residents, which is why Sol Bay Tower stands as such a beacon. Built as part of its revolutionary World Class Amenities concept in 2024, Sol Bay Tower promises residents not just residence but lifestyle replete with world-class amenities that enhance living experience right in its...