Dubai has become a magnet for millionaires and billionaires, redefining luxury living and establishing itself as a global leader in the prime real estate market. Offering exclusivity, innovation, and unmatched investment potential, the city continues to attract high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) from around the world. Unmatched Growth in Prime Real...
Master developer Arada has achieved a remarkable milestone with the launch of its highly anticipated Masaar 2 project in Sharjah. Within just three hours of its launch, all four phases of this forested master community were completely sold out, with 2,000 homes worth Dh5.6 billion snapped up by eager buyers. Prospective buyers began lining up outside Arada’s sales centers as early as 2am, and by...
A stunning Dh63-million penthouse was among the units sold on the first day of the Burj Azizi launch, marking a historic moment in Dubai’s real estate market. The 131-storey tower, set to become the world’s second-tallest building, offers 128 ultra-luxurious 1, 2, and 3-bedroom penthouses spread across eight exclusive floors. The crown jewel is the 88th-floor penthouse, featuring a private steam room,...
Ras Al Khaimah has cemented its position as one of the UAE’s most dynamic real estate markets, with total transactions in 2024 surpassing AED15 billion ($4 billion)—a remarkable 118% increase compared to AED6.94 billion in 2023. The emirate’s real estate market recorded 2,985 sales transactions last year, highlighting its growing appeal to investors and homebuyers. Unprecedented Growth in Ras Al...
Dubai’s iconic Burj Azizi, set to become the world’s second-tallest tower, has announced its global sales launch on February 19. The 725-meter architectural marvel will be unveiled in seven major cities, including Dubai (Conrad Hotel), Hong Kong (The Peninsula), London (The Dorchester), Mumbai (JW Marriott Juhu), Singapore (Marina Bay Sands), Sydney (Four Seasons...
The Smart Rent Index, introduced by the Dubai Land Department (DLD), is revolutionizing Dubai’s real estate sector by stabilizing rental prices, curbing inflation, and enhancing market transparency for 2025 and beyond. Leveraging advanced artificial intelligence, the index provides accurate, standardized rental assessments across all residential areas, including prime districts, free zones, and special...
Wynn Resorts CEO Craig Billings is optimistic about the UAE's gaming market, projecting it could grow to 3−3−5 billion (Dh11-Dh18.35 billion) in the coming years. Speaking during the company's Q4 2024 earnings call, Billings highlighted the UAE as the "most exciting" new market for the gaming industry in decades, dismissing concerns about potential competition from other integrated...
Real estate experts predict that property prices and rents in areas near Etihad Rail stations could surge by up to 15% following the recent unveiling of the high-speed rail network. While the full impact is expected to unfold gradually, the proximity to rail stations is anticipated to play a pivotal role in boosting property values. Jeff Raju, CEO of Manifest Real Estate, stated, “Areas surrounding...
Damac Properties is making significant strides in the US real estate and data centre sectors, with plans for major investments and developments, according to its founder, Hussain Sajwani. $20 Billion Investment and Expansion Plans in Miami In an announcement earlier this month, Damac outlined plans for an initial investment of $20 billion in Miami's real estate market, with potential to double the...
Abu Dhabi’s real estate market is booming in 2024, bolstered by strong return on investment (ROI), transparent policies, technological innovation, and strategic foreign investments. Renowned for its luxurious lifestyle and family-friendly environment, the UAE capital continues to attract both local and international investors. With government initiatives driving growth, this market offers lucrative...