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...
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...
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...
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...
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...