Savills, a global real estate services provider, released the findings of its latest Prime Residential World Cities Index, which revealed that Dubai topped the rankings of 30 global cities for rental value growth, and ranked 5th for capital value growth in the first half of 2024. Rental performance Dubai topped the index with gains of 12.1%, followed by Bangkok (9%) and Lisbon (7.5%). These markets have very strong lifestyle credentials and there is also an element of corporate relocations which are driving demand in these cities, Savills research revealed. Prime real estate rents in Dubai, the top performer in the index, have been on

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

Unique Properties, an award-winning agency in Dubai’s real estate since 2008, is making a significant splash in the city's secondary market. Leveraging its 16 years of experience and a passion for the industry, the company has already secured 36% of its deals in the secondary market since January 2024. This rapid growth highlights a strategic shift towards capitalizing on the rental and resale potential of Dubai's exceptional properties. "Over the last 16 years, Unique Properties has become an integral part of the Dubai property market," said Arash Jalili, CEO of Unique Properties. "We've earned this place through customer centricity and a

Azizi Developments, a leading private developer, has set a new record for the largest continuous concrete pour to ever have been done in the United Arab Emirates at Azizi Venice, its mixed-use community in the rapidly growing Dubai South, set entirely on a swimmable crystal blue body of water that is one of the largest lagoons of its kind in the world. The over-22,000 cubic meter raft was poured for 56 hours from Friday, the 26th of July until Sunday, the 28th of July 2024. Founder and Chairman of Azizi Developments, Mr. Mirwais Azizi, commented: “The quality and speed at which

Dubai Land Department (DLD) has successfully completed 647 amicable real estate settlements worth more than AED 1.38 billion in the first half of 2024. Through the Oqoodi Platform service, 100% of the settlement agreements were approved, facilitating and expediting real estate settlements. This achievement has enhanced the effectiveness of managing disputes and provided a safe and reliable method for confirming and legally documenting each party’s agreement to the terms. The Dubai Land Department is dedicated to finding amicable settlements to resolve property disputes peacefully, serving as a valuable resource for investors and developers. DLD boasts capable and qualified legal specialists to

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