Are you a property owner in Dubai? The Real Estate Regulatory Agency (RERA), part of the Dubai Land Department (DLD), is inviting you to take an active role in shaping your residential community by registering for owners committees. This initiative aligns with Dubai's commitment to transparency, sustainability, and efficient management of jointly owned properties. What Are Owners Committees? Owners...
In a move to strengthen their economic partnership, the UAE and New Zealand have signed a Comprehensive Economic Partnership Agreement (CEPA). This groundbreaking deal is expected to significantly enhance trade, streamline customs, and open new avenues for investment between the two nations. A Strategic Alliance for Economic Growth The agreement was formalized in the presence of UAE President His...
Dubai's real estate market is making waves globally, with a notable shift in investor demographics. Buyers from Germany, France, and the UK are becoming key players in the emirate’s property sector, adding a European flavor to what has traditionally been a regionally dominated market. A Changing Investor Landscape While Dubai has long been a magnet for regional and Asian investors, European...
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...