Question: I am considering purchasing an off-plan property in Dubai. If the developer fails to deliver as promised, what legal recourse do I have? Answer: In Dubai, a purchaser and a developer (seller) enter into a Sale Purchase Agreement (SPA) about the property which is…
Major UAE developers are eyeing the lucrative $110.83 trillion real estate market in the United States, after their successes in the UAE market, which saw real estate transactions exceeded Dh893 billion in Dubai, Abu Dhabi, Sharjah and Ajman last year.…
Dubai is set to welcome a striking new landmark — the “Gateway to Business Bay” — featuring an open-air Sky Theatre, a first-of-its-kind entertainment and event space located at the top of a commercial tower. With a gross development value…
Dubai’s office real estate market has set new records for sales values and volumes, with investors spending Dh2.8 billion across 933 transactions in Q1 2025, data showed. According to new insight from leading real estate advisory and property consultant, Cavendish…
Dubai luxury homes market is witnessing an extraordinary boom, with sales of homes priced over Dh10 million rising 10-fold in just four years. This surge highlights the emirate’s growing appeal to global high-net-worth individuals (HNWIs), backed by investor confidence, world-class…
The 48-storey Lumena Tower by Omniyat is a flagship commercial development strategically positioned on Sheikh Zayed Road. Dubai is set to welcome a striking new landmark — the “Gateway to Business Bay” — featuring an open-air Sky Theatre, a first-of-its-kind…
Dubai property prices increased 8 per cent in the first five months of this year, said Haider Tuaima, managing director and head of real estate research at ValuStrat. However, prices will see a moderation in growth rather than a decrease in…
The latest Fitch report on Dubai property talks about certain speculative projects and developers, analyzes the situation on oversupply, and yet also states that banks and developers for the most part are well capitalized to weather any price correction. This…
Arada has unveiled Akala, the world’s first precision wellness destination and a pioneering new global hospitality and branded residences concept. Rooted in the Sanskrit word for ‘beyond time,’ Akala combines high-end residences, hotel-serviced apartments, world-class amenities and a 5-star hotel with…
Dubai launched the pilot phase of the “Real Estate Tokenisation Project” last month, with the first property recording an immense demand from small investors. With just Dh2,000, UAE residents can invest in the property market through the Prypco Mint platform,…