The real estate landscape in Dubai has witnessed significant growth, as per the latest findings from the ValuStrat Price Index (VPI). Let's delve into the details of this burgeoning market. Unprecedented Growth Across Residential and Commercial Sectors Dubai's real estate market, both residential and commercial, experienced remarkable expansion in the first quarter of 2024. The ValuStrat Price Index...
In the dynamic landscape of real estate development, few names shine as brightly as Aldar, the master developer based in Abu Dhabi. As the first quarter of 2024 drew to a close, Aldar proudly announced its stellar financial results, setting a new benchmark for success in the industry. With a net profit (after tax) of Dh1.6 billion, Aldar witnessed an astonishing 88% increase compared to the same period in...
Unlock the secrets behind Emirates REIT's phenomenal success in FY 2023! Delve into our comprehensive analysis of record-breaking revenues, robust profits, and strategic lease optimization strategies. Discover how Emirates REIT, managed by Equitativa (Dubai) Limited, is revolutionizing the real estate landscape in Dubai with its diversified portfolio of premium properties. If you're seeking insights into...
Sharjah, a thriving hub of real estate activity, has witnessed a remarkable surge in property transactions, soaring to Dh10 billion in the first quarter of 2024. This surge marks a substantial 67.1% increase compared to the same period last year, signaling a robust demand that shows no signs of slowing down. The pivotal shift came as the emirate opened its doors to non-GCC nationals, enabling them to...
Introducing Binghatti Hills: A Majestic Real Estate Endeavor Set to be a monumental addition to the Dubai Hills skyline, Binghatti Hills stands as a testament to innovation and architectural brilliance. With a staggering 1,666 residential units sprawled across an expansive landscape, complemented by 21 retail spaces, this development is poised to set new standards in urban living. A Glimpse Into Luxury...
Dubai's real estate landscape is experiencing an unprecedented surge in development activity, with both local and international developers launching projects at a staggering pace. Development Frenzy in Q1 2024 In the first quarter of 2024, developers, both domestic and foreign, have embarked on a development spree in Dubai. According to preliminary data from Cavendish Maxwell’s Property Monitor, the...
Dubai, known for its opulence and diversity, hosts one of the most anticipated events of the year: the Dubai Food Festival 2024. This culinary extravaganza is a celebration of flavors, cultures, and innovation, drawing food enthusiasts from around the globe to indulge in a gastronomical journey like no other. History of Dubai Food Festival Since its inception, the Dubai Food Festival has evolved into a...
Unveiling DAMAC Hills 2: A Visionary Master Development Spanning an impressive 55 million square feet, DAMAC Hills 2 epitomizes innovation and excellence in urban planning. Crafted by DAMAC Properties, a trailblazer in UAE's real estate realm, this master development redefines community living with its dynamic offerings. From lush green spaces to state-of-the-art amenities, DAMAC Hills 2 sets a new...
Mohamed Alabbar, the chairman of Emaar Properties, announced on Friday the company's commitment to providing free repairs for all properties affected by the intense weather conditions. This initiative aims to alleviate the burdens faced by thousands of residents impacted by the unprecedented rainfall in Dubai. Commitment to Community Well-being Alabbar emphasized Emaar's dedication to acting responsibly...
The Dubai luxury real estate market is experiencing a surge, as reported by Knight Frank, a global property consultant. In the first quarter of this year, Dubai witnessed a remarkable increase in the sale of properties valued at more than $10 million, totaling to 105 transactions, marking a significant 19% rise compared to the same period in 2023. Rising Demand for Luxury Properties Faisal Durrani,...
