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Dubai real estate to break $107bn record in 2023 for first time in history

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 set to get tallest residential clock tower in the world

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

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...

Dubai to get a huge new island destination

Las Vegas hotel brands MGM, Bellagio, and Aria are planned for the plot Dubai is home to Bluewaters Island, Jumeirah Bay Island, Palm Jumeirah, Palm Jebel Ali, Pearl Jumeira, World Islands, and Dubai Islands, and now there are plans for a 10.5-hectare island, named The Island, to join the city’s off-shore line-up. Located off the coast of Umm Suqeim, near the Jumeirah public beach next to the...

From London to Dubai: 1,500 millionaires move to UAE, hundreds more to arrive

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...

Sales of $10 million-plus homes in Dubai surge to record high in Q3

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...

Select Group launches 26th project in UAE

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 apartment prices skyrocket most in a decade as home ownership widens

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...

Revealed: Dubai real estate market predicted to grow 15% in 2024

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...

2023 on track to become busiest year for property transactions

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...

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