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…
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…
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…
Private property owners in Sheikh Zayed Road (from the Trade Centre Roundabout to the Water Canal) and Al Jaddaf area can now convert their properties to freehold ownership, Dubai Land Department announced. The permission to convert the form of ownership…
Dubai will soon get a new landmark – the Crypto Tower. Capitalising on the popularity of this new mode of payment and new-age technologies, Dubai Multi Commodities Centre (DMCC) and REIT Development on Wednesday launched the 17-storey Crypto Tower to…
Dubai’s ultra-luxury real estate market added another feather in its cap, with a nine-bedroom dream mansion in Hills Grove, Dubai Hills Estate, selling for a record-breaking Dh200 million. This surpasses the firm’s previous record of Dh145 million set less than…