All Posts in Category: Real Estate News

Top 5 Perks Of Property Investment In Abu Dhabi

Top 5 perks Of Property Investment In Abu Dhabi

Investing in real estate in Abu Dhabi isn’t just a financial decision. It’s a gateway to an exceptional lifestyle and a future full of possibilities. With its dynamic economy, stunning landscapes and a vision for sustainable growth, Abu Dhabi presents multiple opportunities for property investors. This Emirati gem offers an unique blend of advantages. It…

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Rents in Dubai could finally be reaching a ceiling

Apartment rents increased by 6% over Q2 2023, according to a new industry report Rental rates across Dubai are showing possible signs that they are reaching a ceiling, even as the average apartment and villa rents continued to increase in the second quarter of 2023. Recording upticks of 6% and 3%, the two segments reached…

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Dubai records $2.64bln in weekly real estate transactions

The weekly DLD report noted that 235 plots were sold for $607mln, 2,302 apartments and villas were sold for $1.56bln During the week concluding on August 11, 2023, the Dubai Land Department (DLD) oversaw a noteworthy tally of 3,103 real estate and property transactions, amassing a substantial total value of AED 9.7 billion. The weekly…

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Inside The Oasis, Emaar’s $20bn luxury waterfront project in Dubai

Emaar’s upcoming real estate project in Dubai boasts of 7,000 residential units starting at AED8.5 million Emaar, the renowned property developer, has recently unveiled its extravagant venture, The Oasis – a $20 billion luxury waterfront development on the outskirts of Dubai. The project offers 7,000 residential units, including lavish mansions and villas, with breathtaking views…

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Dubai apartment rents increased by 19% in Q2 2023

Driven by the surge in spending, tenants are opting to own apartments instead of renting Dubai’s scorching rental market continues to surge, witnessing a remarkable 19% price increase during the second quarter of 2023 compared to the previous year. The upsurge was especially pronounced for one- and three-bedroom apartments, which saw rental rates soaring by…

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Sharjah Sustainable City wins Real Estate Excellence Award for 3rd consecutive year

Sharjah Sustainable City, developed by Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers, has been awarded the Real Estate Excellence Award for 2022 by the Sharjah Real Estate Registration Department (SRERD). This is the third consecutive year that the city has been recognized for its outstanding contributions to Sharjah’s real estate sector….

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In new redevelopment plans, Aldar increases investment in its retail portfolio to AED 1 Billion

Aldar Properties (“Aldar”)  announced a plan to invest AED 500 million in the redevelopment of Al Jimi Mall in Al Ain and Al Hamra Mall in Ras Al Khaimah, two of its most important retail portfolio properties in the UAE. With this investment, Aldar has now committed AED 1 billion toward the redevelopment of important…

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Sharjah Sustainable City

Sharjah Sustainable City reports strong sales performance in H1 2023

Only limited availability remains in phase 3 with 90 percent of villas now sold Sharjah Sustainable City, developed by Sharjah Investment and Development Authority (Shurooq) in partnership with Diamond Developers, has achieved strong sales in the first half of 2023, solidifying its position as a leading sustainable developer in the region. The final phase of…

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Dubai Properties

Dubai Properties unveils final phase of premium townhouse project

A collection of meticulously designed single-row townhouses challenges design norms with more space, privacy and greater quality of life Dubai Properties has announced the launch of Mudon Al Ranim, the final phase of its master development community in Dubailand. This phase offers 182 townhouses with spacious three- and four-bedroom layouts, available in either G+1 or…

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Deeyaar Projects

Deyaar commences construction works on three projects in Al Furjan

Work on the project combining three plots in Al Furjan, Dubai, has already been initiated and is set for completion in 2025 as scheduled, with a total value of AED 300 million Deyaar Development PJSC, a prominent property developer and real estate service provider in Dubai, has initiated the construction phase for its three plots…

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In Q2, Dubai’s commercial real estate transactions increased by 101%

The second quarter of 2023 in Dubai’s commercial real estate (CRE) market saw a tremendous increase in sales transactions, which helped the emirate’s real estate sector achieve record-breaking results. In the first half of this year, the sector recorded its biggest semi-annual sales ever. The CRE market recorded an increase of 22 percent in Q2…

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Dubai makes history in 2023 to become world’s leading luxury property market, outpacing London, NY and Paris

The real estate market in Dubai saw 176 high-end property sales that exceeded $10 million during the January-June period, with some of the headline-grabbing deals, reveals a latest market report Dubai made history in 2023 by becoming the world’s leading luxury property market, generating close to $850 million (AED3.1 billion) from high-end residential units costing…

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Abu Dhabi real estate sees 363% surge in foreign investment

Foreign investment in Abu Dhabi real estate topped $227m between January and June 2023 The Abu Dhabi real estate sector has seen a 363 per cent surge in foreign direct investment (FDI) in the first six months of the year. The Department of Municipalities and Transport (DMT) announced that FDI in the individual category within Abu Dhabi’s real estate…

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