Dive into our Real Estate Economic News for expert insights into housing markets, commercial developments, and evolving real estate economics.
Abu Dhabi’s real estate market has shown remarkable strength in the first quarter of the year, with transactions totaling nearly AED16 billion ($4 billion). This surge in activity reflects the emirate’s growing appeal as a prime location for real estate investment. According to data from the Department of Municipalities and Transport, over 5,000 sales and …
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In Dubai’s ever-evolving real estate landscape, a significant trend is taking shape in 2024: a growing demand for larger villas. A recent report by Property Finder indicates that 40 percent of property sales this year in Dubai are for villas, with a staggering 85 percent of these buyers opting for three-bedroom homes or larger. This …
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In a groundbreaking move, Dubai’s real estate landscape is set to transform, thanks to the Dubai Land Department’s (DLD) latest initiative. On Sunday, the DLD announced a significant agreement with nine leading developers, both private and government-backed. The deal aims to allocate a quota ranging from 10 to 15 percent of their property projects to …
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Abu Dhabi, the capital of the United Arab Emirates, has always been a hub of architectural innovation and urban development. In a recent landmark decision, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, has endorsed the initiation of the Yas Canal residential project in Al Raha Beach. This ambitious …
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In the dynamic real estate market of Dubai, the value of highly sought-after villas has more than doubled in the past three years, outpacing the growth of apartment prices, according to recent data. The ValuStrat Price Index (VPI) for February registered at 164.1 points, marking a 23.1 percent annual increase, with villas reaching 206.1 points …
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Dubai’s luxury real estate market has witnessed a remarkable achievement with AHS Properties successfully selling 80% of its Dh3.1 billion Casa Canal Interiors by Fendi Casa project within just a few days of its launch. This extraordinary accomplishment underscores the high demand and prestige associated with luxury developments in Dubai. Casa Canal, a premium tower …
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Union Properties, a renowned developer in Dubai, has confirmed its strong comeback with impressive financial results, indicating a significant turnaround in its business operations. The company’s commitment to enhancing corporate governance and transparency has been pivotal in achieving a substantial increase in its net profit for 2023. The developer’s financial results for the year are …
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In a landmark move, ADQ, an Abu Dhabi-based investment and holding company, announced on Friday its plans to invest a staggering $35 billion (Dh128.5 billion) in Egypt, marking a new era of development and economic growth in the country. This substantial investment will be pivotal in transforming Ras El-Hekma, a coastal region in Egypt, into …
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Reportage Properties, a prominent real estate developer in the UAE, is set to host a special sales day at the Sofitel Abu Dhabi Corniche Hotel on Sunday, February 18. This event is poised to offer exceptional deals on the company’s vast array of local and international projects. In 2023, Reportage Properties achieved a remarkable sales …
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The UAE’s Golden Visa program is experiencing surging demand from European property investors, according to industry executives in Dubai. Many Europeans are purchasing properties in the emirate, primarily to take advantage of the 10-year residency offered by the Golden Visa. This growing interest is driven by the tax-free income, safety, security, and high returns on …
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In a decisive move to uphold transparency and accuracy in the real estate sector, Dubai’s Real Estate Regulatory Agency (Rera), an arm of the Dubai Land Department (DLD), has imposed a hefty fine of Dh50,000 on each of 30 real estate companies. This action comes in response to these companies’ failure to comply with established …
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In a recent statement on the sidelines of the World Economic Forum in Davos, Hussain Sajwani, the CEO of Damac Properties, one of Dubai’s leading property developers, forecasted a 5-10 percent increase in Dubai’s real estate prices this year. This projection reflects the continued strength and resilience of the city’s property market. Sajwani expressed his …
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In an awe-inspiring announcement, Danube Properties has unveiled its latest architectural marvel, Bayz101, in the heart of Dubai’s Business Bay. This 101-level megatall tower is not just a testament to Danube’s architectural prowess but also a significant milestone, marking the company’s decade-long journey in the real estate sector. Bayz101, poised to be the tallest development …
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Abu Dhabi’s leading real estate developer, Aldar Properties, has announced a significant investment of Dh1 billion to bolster its logistics real estate sector in Dubai and Abu Dhabi, marking a strategic expansion in a category the developer deems high priority for future growth. In a landmark move, Aldar has made its first logistics-related acquisition in …
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In an impressive show of real estate strength, Burj Khalifa, the world’s tallest building, has witnessed a surge in property sales, surpassing Dh1 billion in 2023. The iconic tower in Dubai, celebrated for its architectural marvel and luxury living, has outperformed the rest of the city in average price by over 17 percent last year. …
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