The Dubai real estate market recorded property sales worth AED51.1 billion in August, a 7.9% increase on the same month last year, with the total number of transactions rising 15.4% YoY to 18,678. A market update issued today by fäm Properties reveals that apartment sales worth AED30.2 billion last month climbed 29.2% in volume to 15,900 compared with the same month last year. Data from DXB interact shows commercial sales amounting to AED1.2billion in August were up 20.4% in volume YoY to 442, while 392 plot sales worth AED8.9 billion represented a 7.4% rise in volume on the same month last year. While

Seraya, the Dubai-based hospitality startup creating a new standard in premium serviced accommodation, has raised $1.8 million in seed funding, bringing its total capital raised to $2.15 million. The round was led by a prominent KSA-based family office and DLL, a German family office, with participation from strategic angel investors. The funding includes a mix of equity and debt and will support Seraya’s next phase of growth as it expands across Dubai’s booming short-term rental market. Founded in October 2024, Seraya has been profitable from day one and operates with an average occupancy of over 92% and a perfect 5.0 guest