Dubai real estate to break $107bn record in 2023 for first time in history Dubai remains an appealing destination for investors seeking affordable opportunities with promising long-term returns. The booming Dubai real estate market is expected to see record-breaking numbers this year, W Capital projects the figure to reach AED400 billion ($108.9 billion) for the first time in history, based on data...
Dubai is set to get its first residential clock tower, which is also set to be the tallest residential clock tower in the world, the building’s developers announced on Thursday. The project was unveiled at an event to mark the collaboration between London Gate, UAE’s premium real estate developer and Franck Muller, the Swiss luxury watch manufacturer in Dubai. A global trendsetter in the horology...
Binghatti Mercedes Benz to build luxury residential tower in Dubai The two brands said the collaboration was “brought together by a shared passion for iconic design and innovation” UAE-based real estate developer Binghatti Properties, and German automaker Mercedes-Benz, announced a tie-up to build a towering new branded residence in the emirate of Dubai. The reveal of the groundbreaking project...
According to the latest figures released by New World Wealth, around 250 millionaires will move from the UK to Dubai this year As many as 1,500 millionaires have relocated from the UK to Dubai in the past 10 years while hundreds of more will relocate this year as the emirate continues to maintain its appeal as an attractive destination for high net-worth individuals, says a new report released on...
In 2024, the real estate market in Dubai is expected to expand by about 15%, according to artificial intelligence (AI)-driven research of property markets in key cities worldwide, while the London real estate market is expected to continue to decline. According to the study, Dubai’s real estate industry will be a shining example of growth in 2024. “Fuelled by resilient demand, a buoyant economy, and...
City is home to 210 people with wealth of $100 million or more, which could rise by 78% by 2023 Dubai is now home to 210 centi-millionaires, individuals worth $100 million or more, a figure which could rise by 78% in 10 years, according to new research. Henley & Partners said the city is ranked 16th out of 50 globally for the number of people who have wealth of $100 million or more and is...
Global high-net-worth individuals plan to spend $2.5 billion on property in the emirate this year The total number of $10 million home sales in Dubai for the first nine months of the year has reached a record high of 277, driven by rising demand for luxury homes in the emirate, as reported in a new study by the global consultancy Knight Frank. The emirate registered a 40.7 per cent annual...
Nautica, Select Group's 26th project in the UAE, is a vibrant residential development in Dubai Maritime City, featuring meticulously designed one and two-bedroom apartments tailored to young professionals and savvy investors Select Group, one of the region’s premier real estate developers has announced the launch of Nautica, its latest residential project in Dubai Maritime...
Dubai real estate sees 50 per cent summer sales increase The Dubai real estate sector recorded AED102bn ($27.8bn) of sales this summer, according to data released by W Capital. The real estate brokerage said the value of sales this summer was 50 per cent higher than the summer season of last year, which amounted to AED68bn ($18.5bn). The number of transactions also increased by 30 per...
The project will be located opposite the World Trade Centre on Sheikh Zayed Road Dubai: Azizi is preparing to begin construction on the world’s second-tallest tower in Dubai. The exact height of the tower, expected to be over 700 meters, is yet to be announced. The project will include a six-story shopping mall, over 700 residential units, and a luxury hotel with around 300 suites, operated by the...