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...
Experience adaptable living with Danube Properties’ latest innovation—studios that convert into 1-bedrooms and 1-bedrooms that expand into 2-bedrooms, designed to evolve with your lifestyle. Located in the thriving Dubai Silicon Oasis, TIMEZ by Danube offers unmatched connectivity to major highways and the upcoming Dubai Metro Blue Line, making it a prime investment opportunity. Key...
The Sheikh Rashid Bin Mohammed Bin Rashid Al Maktoum Housing Project for Citizens, a landmark development in Dubai, is making significant strides under the direct oversight of Her Highness Sheikha Hind bint Maktoum bin Juma Al Maktoum. With a total investment of AED 1.4 billion ($381.2 million), this project is set to deliver 672 family-friendly villas in the Wadi Al Amardi...
Dubai’s real estate sector continues its upward trajectory, with January 2025 recording a 24% surge in transaction value, reaching AED 44.4 billion ($12.09 billion). The number of transactions also rose by 23% year-on-year, totaling 14,238. Off-plan properties remained a key driver, accounting for 52% of total transactions, reflecting sustained investor confidence and demand. Dubai Real Estate: A...
DIEZ to Provide Access to Venture Capital Networks, Investor Connections, and Comprehensive Support for Promising Proptech Companies The Dubai Integrated Economic Zones Authority (DIEZ) and the Dubai Land Department (DLD) have announced a strategic partnership aimed at fostering the growth and innovation of the property technology (Proptech) sector in Dubai. This collaboration is designed to enhance...
Dubai’s residential and commercial real estate market achieved unprecedented growth in 2024, surpassing all initial forecasts with robust double-digit gains. The ValuStrat Price Index (VPI) revealed an astounding 31.6% annual capital appreciation for villas and a 23.6% increase for apartments, cementing Dubai as a global real estate hotspot. Key Highlights of Dubai’s Real Estate Market in...
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...