Dubai and Abu Dhabi's real estate markets are among the most improved in the world in terms of transparency, according to a global sector survey.According to JLL's 2024 Global Real Estate Transparency Index (GRETI), the UAE cities achieved spots among the top five global improvers in the transparency score.Dubai took third place for improvements achieved between 2022 and 2024, and Abu Dhabi took fifth...
Global investors are still drawn to Dubai real estate, as evidenced by the 40% increase in sales value in August alone. The percentage of transactions reached 36.9%, or $12.9 billion.A top official stated that astute investors with a long-term perspective now find refuge in Dubai's real estate market. Kashif Ansari —-CEO and cofounder of Juwai IQI, cited the latest report from UBS, which clearly...
A private developer based in the United Arab Emirates, Azizi Developments, has revealed designs for Burj Azizi, a 725-meter skyscraper that is expected to become the second-tallest building in the world.By 2028, the Sheikh Zayed Road project in Dubai will be finished.The more than 131-story building will be up for sale in February 2025. In addition to various amenities like wellness centers, swimming...
The UAE property market will see a touch of upscale London design thanks to Dubai's new real estate development. LEOS Developments has announced the official unveiling of its latest project, Knightsbridge, which has a gross development value of AED1.75bn ($476m) and is located in the heart of Meydan in District 11.Dubai's first climate-adaptive wellness community will officially open with this project,...
Project OverviewDubai-based property developer Binghatti has announced the opening of Binghatti Royale, a new residential complex in Jumeirah Village Circle (JVC) that will cost $600 million (AED 2.2 billion).Increased investor demand for Binghatti developments in the area—some even selling out in less than a day—fueled the debut.Development DetailsThree hundred fifty-four residential units, comprising...
SOL Properties has started constructing Fairmont Residences Solara Tower Dubai, elevating the regional real estate landscape.Fairmont Residences Solara Tower Dubai will offer residents access to integrated services and luxurious amenities, including a private swimming pool, fitness center, and spa, delivering a hotel-like experience in the comfort of their homes and positioning the tower as a significant...
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...
DAMAC Properties, a prominent UAE real estate developer, has announced its entry into Ras Al Khaimah with the launch of Shoreline by DAMAC. The project on Al Marjan Island marks the company's inaugural development in the emirate.Located on Island 4, Shoreline by DAMAC will provide duplexes and apartments with immediate beach access that sleep one, two, or three bedrooms.Following their prior work on the...
The real estate landscape in Dubai is evolving rapidly and is characterized by high competition and a demand for more personalized services. Traditional real estate transactions frequently fail to meet client expectations in this dynamic market, necessitating the adoption of creative strategies that put the consumer's needs first.With focused, individualized services, DXBA.com aims to carve out a...
According to its chief executive, Sunrise Capital, an up-and-coming developer in Dubai, has a huge pipeline of luxury villa and apartment projects that it hopes to develop throughout the United Arab Emirates.The company, promoted by an Indian-origin group, is also preparing to launch its maiden mixed residential and commercial project in October – an AED400 million project in Dubai’s Wasl Gate...