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 real estate market is poised to make 2025 the ‘Year of Delivery,’ with an estimated 42,000 units expected to be completed, according to industry projections. This represents a significant 35% increase compared to the 27,541 homes delivered in 2023. Looking ahead, 2026 is anticipated to see another 60,000 units handed over, further solidifying Dubai’s position as a global real estate...
Dubai’s real estate market is poised for stabilization in 2025, with rent increases expected to slow down significantly. This shift is driven by a record-breaking supply of over 72,300 residential units scheduled for handover in 2025, offering tenants and investors a more balanced and sustainable rental environment. Industry experts attribute this trend to the introduction of the smart rental index,...
H.H. Sheikh Mohammed Announces Expansion to Address All Pending Applications The UAE has approved over AED1 billion ($272.2 million) in housing support, benefiting more than 1,300 Emirati citizens under the Sheikh Zayed Housing Program. This initiative aims to provide swift assistance and family stability to UAE nationals. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...
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...
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...
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...