The year 2024 is set to see the issuance of approximately 10,000 new real estate broker licenses in Dubai, marking an unprecedented level and a significant increase from the 5,000 licenses issued in 2018, according to Dubai-based real estate consultancy VVS Estate. The past few years have seen steady growth with 6,000 new licenses issued in 2019, a slight dip in 2020 due to the pandemic, 7,000 new licenses issued in 2021, 7,500 in 2022, and approximately 8,000 in 2023. This surge is testament to the influx of investors and the booming real estate market in Dubai, drawing a record number

Deyaar Development PJSC ("Deyaar"), an integrated real estate leader in Dubai, has announced positive financial results for the first half of 2024 (H1 2024) compared to the corresponding period of 2023. This announcement was made today in its filing to the Dubai Financial Market (DFM), where the company’s shares are traded. Showing substantial growth, the company posted a 71% increase for the six-month period ending 30 June 2024, reaching AED 202.6 million profit before corporate tax compared to AED 118.5 million during the same period in 2023. The company’s total revenue in H1 2024 increased by 6%, reaching AED 664.4 million compared

Property Finder, the Middle East and North Africa’s leading real estate portal has launched the ground-breaking Property Finder Academy – a digital education platform for real estate professionals aimed at enhancing industry standards by providing comprehensive training and development opportunities. The Academy was launched during the second annual Property Finder Connect event held earlier this month and marks a significant milestone in the PropTech company’s ongoing commitment to fostering trust and transparency within the real estate sector. The Academy is set to benefit approximately 50,000 real estate professionals, including administrators, brokers, and business managers. It offers aspiring industry entrants and seasoned

Prescott Developments, a pioneering force in Dubai’s real estate market for 19 years, is once again setting the bar high with its ambitious plans for 2024. Prescott has already delivered over 850 units and currently has 1100+ units successfully under construction. By 2025, they aim to have an additional 1500+ new units under their belts. Right now, Prescott Developments is on a mission to foster a more personalised real estate experience for their clients with the help of their brand-new Customer Platform! Designed to be a one-stop solution for all your real estate needs, this innovative platform puts the power back

Ennismore, the fastest-growing lifestyle hospitality company, with Evolutions, a leading real estate intelligence hub based in Dubai, and City View Real Estate Development LLC (City View Developments), a prominent real estate development company, announce the official launch of Hyde Residences Dubai Hills – the only lifestyle-branded residence in Dubai Hills Estate and the brand’s first branded residences in the GCC. Click to download images. Hyde Residences Dubai Hills will offer 246 apartments comprising one, two and three-bedroom apartments, as well as a three-bedroom duplex. The residences will be an escape from the city, with bohemian-inspired design schemes and dedicated amenities for

Elite Merit Real Estate proudly announces its entry into the Dubai real estate market, bringing a fresh and innovative approach to property transactions. Founded by Shadi Rimeh, Elite Merit plans to enhance the real estate service with transparency, integrity, education and technology. Co-founders Shadi Rimeh and Elkhan Salikhov identified a need for substantial improvements in the industry, aspiring to elevate the professionalism and efficiency of real estate transactions. Their vision is to create a more accessible and straightforward market for clients, ensuring a seamless and rewarding experience. "Our mission is to revitalize the real estate business through innovation and trust," said Shadi

Azizi Developments, a leading private real estate developer in the UAE, has announced the substantial progress of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most important business, leisure, and retail hubs. Several buildings within the fourth phase are on track for Q3 2024 completions, with construction across the phase now having reached 87%. Within phase four, Azizi Azure stands out with its construction now being 76% complete. The structure is fully built at 100%, while blockwork and internal plaster are at 98%. HVAC, MEP, and overall finishes

SweetcHome, a personalized property matchmaking platform in the UAE, today announced a 132% monthly growth in users signing up for its platform. The rapid monthly growth was registered in June and July, just a few months after launching the platform. SweetcHomeuses AI matchmaking technology to give home seekers a simpler real estate search experience. Landlords and agents can also sign up on SweetcHome’s platform where they are matched with vetted and qualified customers. Recently, the company completed the first-ever “home switch” in the UAE, allowing two customers still renting under their respective tenancy contracts to “match” and switchhomes. Since its launch, SweetcHome

The latest RICS Global Commercial Property Monitor reveals that occupier demand in the UAE's commercial property sector has reached its highest level in ten years. The monitor reported an overall figure of +58%, its highest reading since Q2 2014 when it posted +64%. Crucially, demand is exceptionally positive across the sector, with demand for office, industrial and retail property sitting at +74%, +45%, and +53%, respectively. All key metrics for commercial property remain firmly positive, with rental and capital value expectations remaining stable and strong across all sectors. Crucially, the largest proportion of respondents believe that the market is still in

Aldar Properties PJSC (Aldar), a leading real estate developer, investor, and asset manager in the UAE, today unveiled its plans to develop and launch an iconic Grade A office tower development on Sheikh Zayed Road, beside the Dubai International Financial Centre (DIFC). This landmark development will feature a Grade A office tower with a net leasable area (NLA) of 88,000 sqm, which also includes a luxury boutique hotel and branded residences, offering guests both high quality commercial space and extremely well-located hospitality and F&B options. Situated on a prime freehold plot – and one of the last remaining undeveloped ‘double’ plots in