Rising demand and limited supply had propelled average office lease rates in Dubai’s key submarkets by 22.4 per cent in the first half of 2024. With Dubai Grade A office occupancy levels currently exceeding 90 per cent, there has been…
Dubai is set to introduce its own version of the iconic Sphere, with a hefty price tag of $2 billion. Named the Dubai Sphere, this ambitious project draws inspiration from the renowned Las Vegas Sphere and aims to highlight Dubai’s…
An off-plan villa has been sold for a record-breaking Dh125 million located at the Sea Mirror community located at Jumeira Bay Island in Dubai. This marked the most expensive off-plan villa sale of the year. The 5-bedroom 15,000 sqft villa,…
Dubai’s Palm Jebel Ali is recording strong buyer interest, with nearly 700 villas launched last year as part of the master development being sold out, according to analysts. The estimates were made as developer Nakheel on Monday awarded a contract worth Dh810…
Buying properties in Dubai will become smoother and faster as registration time will reduce from days to minutes. This came after the Dubai Land Department signed a deal with the top seven developers of the emirate, allowing them to use…
Properties with a value of Dh2 million continue to see significant demand in 2024 from investors and end-users looking for the 10-year Golden Visa. Property investors looking for long-term residency in the UAE are required to buy assets worth Dh2…
Dubai has been ranked among the few cities in the world with accelerating growth of property market. The emirate is ranked along with Bangkok, Berlin, Stockholm, Hong Kong, Jakarta, Paris and Warsaw where the growth of the property market is…
Dubai Rents have increased up to 15 per cent since the Real Estate Regulatory Authority (Rera) Rental Index was updated earlier in March this year. “The Rera rental index was updated earlier this year to reflect rental increases, with most…
The Dubai-based private aviation operator Air Chateau has ordered 10 electric flying cars from European mobility solution provider Crisalion Mobility to operate as air taxi services in the UAE in 2030. It is a European company’s first commercial partnership in…
25 Degrees, a property developer specialising in super-prime European-style luxury Palm Jumeirah villa in Dubai, has announced the sale of a $16.9 million (AED62 million) beach villa. The sale is a record on Dubai’s exclusive Palm Jumeirah. The property is…