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...
The masterplan of the palm-shaped island was unveiled by Sheikh Mohammed bin Rashid Al Maktoum earlier this year Real estate master developer Nakheel has announced the launch of the first villas that are available to purchase on the Palm Jebel Ali island. Spanning a total area of 13.4sqkm, the project is twice the size of the Palm Jumeirah. The masterplan of the palm-shaped island was unveiled by...
Dubai apartment values surged by the most in nearly a decade in August, broadening a property rally that’s transformed the city into one of the world’s hottest housing markets.The city’s housing boom, so far largely driven by larger single-family homes, is now pushing up prices for apartments that make up about 85 percent of the housing supply in the Middle East’s business and tourism...
London property market to face more challenges, sluggish growth in the coming year, says latest AI-based research An artificial intelligence (AI)-propelled analysis on property markets in major cities around the world has predicted a close to 15 percent growth in Dubai real estate market in 2024, while a persistent downturn in the London property market in the coming year. The study...
In comparison to the same period previous year, real estate transactions in Dubai increased by 44%, totaling 57,700 units With over 57,000 units bought across Dubai during the first half of 2023, the residential sector is on track to becoming the busiest year on record, a new report finds. Global real estate services provider Savills revealed in its latest report that property transactions during...
Dubai real estate: Luxury property market breaks another record as units sold skyrockets Dubai saw a spike in influx of wealthy investors from around the world post-pandemic Dubai has made a record in the luxury property market this year with sales of as many as 335 luxury units till July end, making 2023 the most successful year for this segment, a new market study revealed. Besides, a...
New report forecasts emirate to continue rally in second half of the year with growth between 6-7.9% Dubai led the price growth in the global prime residential market, recording gains of 11.2% in the first half of 2023. According to findings of the Prime Residential World Cities Index, released by real estate services provider Savills, the emirate emerged as the leader in average capital values...
Dubai has emerged as one of the top destinations for real estate investment for global smart investors ahead of New York, London, and Paris. Dubai's real estate market has become a luxury asset class with price standard of $10 million and above. Luxury real estate has become the new global currency. The City of Wonders is on the global sophisticated and smart investor's radar, who want long-term...