In recent times, Dubai has witnessed a significant shift in its tourism dynamics, particularly concerning the influx of Russian travelers turned residents. What began as a surge in tourist footfall from Russia eventually led to a substantial Russian community establishing a presence within the city's vibrant landscape. This transition has not only reshaped Dubai's tourism landscape but has also left an...
Real Estate News
The United Arab Emirates (UAE) has long been a magnet for expatriates from around the world. With its thriving economy, modern infrastructure, and breathtaking landscapes, the UAE has become a hub for both business and leisure. Foreign residents make up more than 80% of the UAE's population, with Dubai and Abu Dhabi standing out as two of its most prominent sheikhdoms. Recently, the UAE has introduced a...
In a remarkable stride towards enhancing transparency and efficiency in Dubai's real estate sector, the Dubai Land Department (DLD) has unveiled a groundbreaking service known as "Munaqasat." This initiative, launched through the Real Estate Regulatory Agency (RERA), is set to revolutionize the way jointly owned property (JOP) companies handle tendering processes. In this comprehensive blog post, we will...
Dubai has always been a hub for luxury real estate developments, and Alef Group is taking it to the next level with the launch of 'Alma,' Zone 2 of the Hayyan Villa Community. Building on the success of Zone 1's 'Arim' launch, Alef Group is setting new standards in modern living, providing residents with an exceptional lifestyle experience. In this blog post, we will explore what makes 'Alma' a standout...
Dubai South Properties is proud to announce the successful completion of 'The Pulse Villas,' a remarkable residential project nestled in the heart of Dubai South's Residential District. This development has garnered immense attention and demand, with all 342 units being swiftly snapped up by investors. Located strategically along Expo Road, this project offers not only luxurious living but also seamless...
In a time of flourishing growth and economic prosperity in the United Arab Emirates, the Dubai real estate market continues to shine. Recently, Mohamed Alabbar, the renowned UAE businessman and founder of Emaar Properties, made headlines with his announcements about Emaar's dividends and Noon's potential initial public offering (IPO). These developments shed light on the vibrant real estate sector in...
Dubai's real estate landscape is buzzing with excitement as Azizi Developments unveils its latest masterpiece, Azizi Venice. With an astounding investment of Dh30 billion ($8.16 billion), this mixed-use mega project promises to redefine luxury living and entertainment in the heart of Dubai South. The Azizi Venice Marvel Azizi Venice is not just another real estate project; it's a city within a city....
Expo City Dubai, a vibrant and futuristic neighborhood that previously hosted Expo 2020 Dubai, is undergoing a significant transformation as it prepares to welcome thousands of global climate delegates for COP28. Two popular attractions, Rashid's Garden and Garden in the Sky, have recently closed temporarily, raising curiosity about the changes taking place within Expo City. In this blog post, we will...
Dubai's real estate market is witnessing an unprecedented boom, with apartment prices surging at their fastest rate in nearly a decade. The city's housing sector, once primarily driven by single-family homes, is now experiencing remarkable growth in the apartment segment, which accounts for approximately 85% of the housing supply in this vibrant Middle Eastern metropolis. As of August, apartment prices...
In August 2023, the Dubai real estate market witnessed a remarkable surge, with the average sales price for properties reaching AED3,291,555. This figure represents a staggering year-over-year increase of 52%, up from AED2,167,206 in August 2022, according to data compiled by Allsopp & Allsopp. As we delve deeper into the dynamics of this burgeoning market, it's fascinating to note that global...