Dubai closed 2024 with exceptional real estate performance, further solidifying its global reputation for luxury, innovation, and strategic investment opportunities. Central to this success was the booming off-plan property segment, which accounted for over 50% of the market transactions in the final quarter. Record-Breaking Quarter for Real Estate A report by Springfield Properties revealed...
Winter in the UAE is not just a season—it's a celebration! With the UAE Winter Festivals 2025, the nation transforms into a vibrant hub of culture, tradition, and innovation. These festivals are the perfect mix of entertainment and heritage, drawing thousands of visitors from around the world and strengthening the UAE's position as a top winter destination. Since October, the UAE has hosted an array...
Oversubscribed Issuance with Unprecedented Global InterestAldar Properties PJSC announces its remarkable $1 billion hybrid capital issuance, receiving overwhelming demand from regional and international investors. The issuance was oversubscribed by 3.8 times, with total orders surpassing $4.9 billion. Largest Hybrid in the Middle East with Record MetricsThis issuance represents the largest conventional...
Dubai’s real estate market has continued its incredible growth journey in 2024, with transactions surpassing a whopping $136 billion. This thriving sector reflects investor confidence and robust demand, cementing Dubai's position as a top global property hotspot. Strategic urban planning, investor-friendly policies, and a tax-free framework contribute to Dubai's unmatched appeal. Popular areas like...
Hussain Sajwani is a name that resonates with luxury and innovation in the world of real estate. As the founder of the DAMAC Group, Sajwani has crafted a remarkable legacy, transforming the UAE's skyline and expanding his influence across global markets. A Modest Beginning In 1982, Hussain Sajwani embarked on his entrepreneurial journey by founding DAMAC Group. Initially focused on catering and...
Dubai-based DAMAC Group, helmed by Emirati billionaire Hussain Sajwani, is taking bold strides into the U.S. tech industry with a game-changing $20 billion investment in data centers. Announced by former President Donald Trump, the move underscores the growing synergy between Gulf enterprises and U.S. economic interests. Sajwani hinted at even more ambitious plans, suggesting the investment could increase...
Gold prices experienced a modest rise on Tuesday as traders anticipated upcoming U.S. economic data for clues on the Federal Reserve’s approach to interest rates in 2025. The benchmark 10-year Treasury yield, which climbed to its highest level since May 2024 at 4.313%, continues to influence bullion’s performance. Gold Prices in the UAE In the UAE, gold rates saw incremental increases. The price...
Dubai saw an impressive 16.79 million international visitors between January and November 2024, reflecting a 9% increase compared to the same period last year, which recorded 15.37 million visitors. The latest Dubai Tourism Sector 2024 Performance Report, published by the Department of Economy and Tourism, highlights that 1.83 million tourists visited in November alone. Monthly arrivals earlier in the...
Affordable apartments in areas like Dubai Investments Park (DIP) and Discovery Gardens stood out in 2024, delivering some of the highest rental yields. Dubai's real estate sector experienced another record-breaking year, achieving a remarkable 180,900 transactions valued at $142.1 billion. Prices in popular neighborhoods continued to climb, supported by strong demand and consistent availability of new...
Dubai's real estate sector is poised for another strong year in 2025, offering exciting opportunities for both individual and institutional investors. With property prices projected to rise by 8%, the city's market continues to thrive, fueled by robust economic growth, innovative policies, and evolving lifestyle demands. Here’s a closer look at the trends shaping Dubai’s property market and what makes...