Dive into our Real Estate Economic News for expert insights into housing markets, commercial developments, and evolving real estate economics.
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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In a significant shift, Dubai’s property market in 2024 is seeing the emergence of the ‘1% monthly’ payment plan, increasingly becoming a popular option for buyers, especially in villa projects. This trend marks a departure from the traditional lump-sum payments of 10-20% every few months and is aimed at easing the financial burden on buyers …
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