New Launch Announcement Expo City Dubai has launched the first phase of Sidr Residences, a new three-tower development of one- to four-bedroom apartments priced from AED1.88m ($512,000) and ready to move in by 2027. Project Background After Mangrove Residences and Sky Residences sold out earlier this year, Expo City's third residential apartment complex, Sidr Residences, gives prospective homeowners and...
Industry players predict that 2025 will be another excellent year for investors and house owners in Dubai. Rentals are predicted to see an average jump of 18% for short-term and upwards of 13% for long-term leases. The anticipated increase in rentals next year is attributed to the ongoing boom in professionals from all over the world relocating to Dubai for jobs and lifestyle, as well as the emirate's...
According to the latest data from the Land Department, the Dubai real estate sector achieved AED16.92bn ($4.6bn) in transactions last week. According to Land Department data, sales dominated the figures, with AED10.59bn ($2.9bn). In total, there were 3,772 sales transactions recorded between October 28 and November 1. Dubai real estate this week Among the top sales transactions listed on the Land...
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...
Project Announcement The AED206 million ($56 million) Serenova in Silicon Oasis is the first project of new Dubai real estate developer P.O.B1 Properties. Serenova, the recently formed real estate development subsidiary of Saif Al Ghurair Real Estate Group (SAGRE), aims to provide sustainability and long-term value in real estate investment while meeting the increasing need for urban convenience in...
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...
A Marvel of Slender Design The Muraba Veil, Dubai's newest architectural marvel, will draw notice due to its skinny shape rather than its towering height. Standing 380 meters tall and only one unit wide, this skyscraper will be among the thinnest ever constructed. Prime Location This remarkable 22.5-meter-wide tower, which challenges traditional skyscraper aesthetics and makes a powerful statement in...
UAE interest rates drop: More Dubai property buyers opt for mortgage over cashShift from Cash to Mortgage FinancingDue to declining interest rates both domestically and internationally, more and more Dubai property purchasers are choosing mortgages over cash payments. Betterhomes, a real estate firm, reports that, in contrast to the previous year, when cash purchasers dominated the market, there has been a...
The Dubai real estate market has seen a record-breaking sale as a fully glorified, ready apartment on Jumeira Bay Island has been sold for AED17,000 ($4,600) per Sq.Ft. It symbolizes the highest ever attained for a ready apartment in Dubai. The apartment is on an elevated floor and delivers dual panoramic views of the iconic Bulgari Marina and Dubai skyline. Dubai real estate sales record Real...
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...