Dubai Real Estate Market Report 2024: Population Growth And Investment Opportunities
Dubai’s population at the end of 2024 reached an impressive 3,826,130, reflecting an 8% growth compared to the fourth quarter of 2023. Excluding golden visa holders, whose final numbers are pending release but projected to double from 2022 to 2023, this milestone underscores Dubai’s sustained appeal as a global hub for business, tourism, and investment. Dubai Real Estate Market Report 2024, authored by Laura Adams, Secondary Sales Director at Provident Real Estate, highlights Dubai’s attractiveness to high-net-worth individuals and professionals, reinforcing its position as a leading destination for economic and lifestyle opportunities. Key Drivers of Market Growth Vision 2033 Dubai’s strategic plan aims to
Housez.ae Partners With Keyper To Integrate Rent Now, Pay Later Feature
In an exciting development for the UAE real estate market, housez.ae has signed a Memorandum of Agreement with Keyper to integrate its innovative "Rent Now, Pay Later" (RNPL) Calculator into the housez.ae platform. This collaboration aims to provide website visitors with a seamless way to calculate and plan their rental payments, enhancing convenience and accessibility. Transforming the Rental Experience The integration of Keyper’s "Rent Now, Pay Later" Calculator marks a significant step toward improving the rental process for tenants across the UAE. This advanced feature allows renters to explore flexible payment options, making renting more manageable and accessible for a wider audience. With
Innovate Living’s AED 230M Villa Listing Sets A New Standard For Quiet Luxury In Dubai
Innovate Living has revealed the record-breaking sale of Allegra, a 28,154-square-foot villa located on G Frond, Palm Jumeirah. The villa, listed at AED 230 million, solidified the company’s reputation as a leader in delivering contemporary minimalism and understated luxury in Dubai. The extraordinary sale of the villa, facilitated by Sotheby’s International Realty, ranks among Dubai’s most notable property transactions, highlighting the market's growing preference for timeless and sophisticated elegance. Inspired by Southern California’s effortless charm and the breathtaking ocean views of Palm Jumeirah, Allegra is an urban sanctuary that merges the laid-back aesthetics of an LA beach house with the refinement of
Ellington Properties Hosts A Spectacular Broker Awards Night Featuring A Surprise Performance By Bryan Adams
Ellington Properties, Dubai’s renowned design-focused real estate developer, hosted the Ellington Properties’ Broker Awards, an unforgettable evening celebrating the achievements, dedication, and excellence that define the real estate industry. Held at the iconic Jumeirah Beach Hotel, the event brought together more than 2,000 esteemed guests for a night of recognition and celebration. Adding to the evening’s excitement, guests were treated to a surprise live performance by globally renowned artist Bryan Adams, making this a truly extraordinary experience. This marks the first Ellington Properties’ Broker Awards since 2018, reaffirming the brand’s commitment to fostering dedication, industry leadership, and strong partnerships. Honoring The Best
Condor Launches AED 300mln Premium Residential Project – Condor Golf Links 18 – In Dubai Sports City
In the backdrop of the robust and resilient real estate sector in Dubai with 2024 closing at record transactions, the homegrown luxury residential property developer, Condor Developers, today unveiled its fifth project – Condor Golf Links 18- an AED 300 million premium golf course facing residential project in Dubai Sports City. Condor Golf Links 18 will come up on a plot area of 47,000 square feet with a host of diverse amenities for premium residential living, and will offer a total of 250 residential units for investors and end-users. “At Condor, we believe in value creation that enhances lifestyle, as well as returns
Dubai’s Real Estate Sector Records AED761 Billion In Transactions In 2024, Accelerating Growth Towards 2033 Goals
Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its history. The record number of procedures, which include both real estate transactions and rental agreements, represent a 17% increase compared to 2023. Real estate transactions alone totalled 226,000, with a combined value of AED761 billion, a remarkable 36% growth in volume and 20% growth in value year-on-year. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, attributed the emirate’s record real
Azizi Developments’ Burj Azizi Global University Exposure Program Shares Dubai’s Engineering Marvels With The World
Azizi Developments, a leading private developer in the UAE, has announced the launch of its Burj Azizi Global University Exposure Program. On Sunday, the 26th of January 2025, a group of 8 students and 2 faculty members from the engineering faculty of Egypt’s prestigious American University of Cairo (AUC) have arrived in Dubai for a 10-day educational tour, marking the launch of the much-anticipated program that is established by Azizi Developments as part of its commitment to introduce Dubai’s achievements in engineering and architecture on the world stage. The group was received by Group CEO,Mr. Farhad Azizi and Deputy CEO,Mr.
DHG Properties Kicks Off 2025 With AED 300 Million Project In Meydan
DHG Properties, a world-class real estate development company operating within DHG Holding based in Switzerland, is proud to announce its second residential project in Meydan, one of Dubai’s increasingly prominent real estate hotspots. Building on the successful inaugural launch of Helvetia Residences in JVC last year, this new development marks a significant milestone in DHG’s expansion strategy for the UAE market. With a value of AED 300 million, the new Meydan project brings DHG’s total gross development value to AED 1 billion within its first year of operations in the emirate. While the property name is yet to be announced, investors
Sobha Realty Selects Otis To Supply And Install 303 Elevators In Dubai
Otis Worldwide Corporation (NYSE: OTIS) has been selected by Sobha Realty, a leading luxury real estate developer, to supply and install 303 elevators in its five major projects in Dubai. Otis is the world’s leading elevator and escalator manufacturing, installation and service company. In line with the agreement, Otis will deliver 123 Gen2® elevators for Sobha Reservé, 43 Gen2 elevators for Sobha Hartland II, 33 SkyRise®, 24 AriseTM, 52 Gen2 Home and six Gen2 elevators for Sobha One, 13 SkyRise elevators for Verde by Sobha and six SkyRise, one Arise and two Gen2 elevators for Sobha Waves Opulence. Otis will install the elevators
Meraas Awards Over AED 1 Billion Construction Contract For Bluewaters Bay
Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth over AED 1 billion to China State Construction Engineering Corporation (Middle East) (L.L.C) for Bluewaters Bay. Following the overwhelming response received for the project, this milestone marks a significant step in creating Dubai’s next iconic waterfront destination, with completion scheduled for Q4 2027. Bluewaters Bay will feature two residential towers linked by a dynamic podium, offering 678 apartments, ranging from one to four bedrooms, including penthouses. The development will also host retail and F&B outlets on the podium level, complemented by exceptional amenities such as landscaped promenade,