63M Penthouse sold on Burj Azizi Launch A 63M penthouse was one of the units sold on the first day of sales of Burj Azizi. The 131-storey tower has a total of 128 units of 1, 2 and 3-bedroom penthouses.…
UAE GAMING MARKET | WYNN Wynn Resorts CEO Craig Billing is confident in the potential of the UAE gaming market, predicting it could reach between $3 and $5 billion (Dh11 to Dh18.35 billion) over time. Speaking a conference call during…
Amid the ongoing demand for real estate in the United Arab Emirates, Dubai-listed Deyaar Development intends to introduce five new real estate projects valued at Dh8 billion ($2.17 billion) and hopes to sell Dh4 billion this year. The company, which…
Nearly 30 per cent of those who took mortgages last year in Dubai decided to become homeowners after receiving rental eviction notices from their landlords, a new report has found. Instead of looking for another apartment or villa to rent,…
Dubai’s luxury market steadied in 2024 but achieved a new record for $10 million-plus home sales. Dubai recorded 435 sales above $10 million, surpassing the 434 transactions registered during 2023, according to the latest analysis from global property consultant, Knight…
Dubai real estate market has started 2025 with strong momentum, recording AED 44.4 billion ($12.1 billion) in property sales during January. This represents a 24.1% increase in value compared to the same month last year The number of transactions also…
UAE-based real estate developer Prestige One Developments is expected to nearly double its portfolio in 2025 with the launch of 11 new projects in the Emirates. This expanded pipeline will include a series of residential developments across Palm Jumeirah, Business…
Dubai’s real estate sector recorded a total of 2.78 million record high transactions in 2024, the highest in its history. The record number of procedures, which include both real estate transactions and rental agreements, represent a 17 per cent increase…
Property buyers opting for a mortgage will have to shell out the Dubai Land Department (DLD) fee and brokerage fee as part of their upfront fee from next week. Real estate industry executives said that banks were previously financing DLD’s…
Dubai is building an entire city in its south as its Dh128-billion passenger terminal at Al Maktoum International Airport takes shape. Dubai South is now among the top five areas in demand for new developments across the emirate, property experts…