The number of homes available for sale in Dubai's prime residential markets – Emirates Hills, Jumeirah Bay Island, Jumeirah Islands and The Palm Jumeirah – has fallen by 47% over the last 12 months to 2,851 properties, according to the latest analysis from global property consultant, Knight Frank. Faisal Durrani, Partner – Head of Research, MENA, explained: "The global super-rich remain fixated by Dubai, which is overwhelming the supply of luxury homes in the city. Indeed, the volume of demand for property in Emirates Hills, Jumeirah Bay Island, Jumeirah Islands and The Palm Jumeirah has resulted in a 47% drop in the number of

In a significant move in the global tokenized real world asset sector, MAG, a leading real estate developer in the UAE, announced a major partnership today with MANTRA, the Institutional-grade Layer 1 blockchain for tokenized RWAs, which will see the tokenization of half a billion US dollars’ worth of MAG’s real estate portfolio. With MAG’s total real estate portfolio valued at over US$5bn, the collaboration with MANTRA aims to revolutionize real estate investment through the application of blockchain technology.Starting with Keturah projects – Keturah Reserve in Meydan, Dubai and Keturah Resort atDubai Creekside,the partnership will introduce a real estate financing vault on

Sunrise Capital – a visionary up and coming Dubai developer that has already made its mark on the emirate by completing a range of impressive projects – has successfully handed over all 132 units in its prestigious new Legacy By Sunrise. Located in Al Barsha South in the heart of Dubai's dynamic growth corridor, the spectacular new residential building is spread over 91,000 sq. ft and features 67 studios, 43 one-bedroom apartments, and 22 two-bedroom apartments. In recent years, Sunrise Capital has been making a name for itself in the industry for on time delivery, large apartments (usually 30-35% bigger than industry

SweetcHome, a personalized property matchmaking platform in the UAE, today announced it has completed the first-ever “home switch” in the UAE. SweetcHome is a proptech company that offers a simplified real estate search experience through AI matchmaking technology. Two customers, who were both still renting under their respective tenancy contracts, recently “matched” and switched homes through SweetcHome’s platform. It is the first time in the UAE that tenants who are unhappy with their current home or location are able to seamlessly switch homes with other tenants. SweetcHome customer, Imen, signed up on the platform in April, hoping to be matched with a

As the first half of 2024 comes to an end, the Dubai property sector remains upbeat with plenty of buyers entering the market, according to the emirate's leading real estate company haus & haus. As haus & haus prepares to release its eagerly anticipated Market Reports, here are some of the key takeaways from H1. Sales volumes continue to rise The H1 figures show a year-on-year volume growth of more than 30% according to Property Monitor. Internally, haus & haus has seen a 71% increase in registered buyers in the same period YoY. May was the best performing month According to Property Monitor's

'Vilal Housing', the leading organization specializing in the development of housing solutions for UAE citizens, praises the most recent announcement of the completion of all residential land allocation applications in Dubai submitted until the end of 2023. This significant achievement aligns with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council, and Chairman of the Higher Committee for Development and Citizens Affairs. The company commended the wise

Fairmont Hotels & Resorts, a world-leading luxury hotel brand within the Accor group,has partnered withSOL Properties, a leading developer in the UAE,to launch a premium residential development, the Fairmont Residences Solara Tower Dubai, in Downtown Dubai,to redefine luxury real estate.The project is currently underway and is scheduled for completion by Q3 of 2027. Fairmont Solara Tower project combines Fairmont’s distinguished brand standards in the realm of luxury hospitality with SOL Properties’ vast expertise in luxury real estate to establish new benchmarks in urban living. The development will include meticulously designed spaces, offering a blend of elegance and timeless opulence. With a

Sobha Realty, a leading global luxury real estate developer, has commenced the construction of first of its kind Mall for its flagship community Sobha Hartlandin the heart of Dubai.With an estimated cost of AED 210 million,the projectblendsthe vibrancy of retail space with the serenity of an urban park, while ensuringexceptional experiences for residents and visitors.The mall is scheduled to be completed insecond half of 2026. The newmallis being meticulously designed to set new standards for a luxury mall,which perfectly combines nature, culture, gastronomy and recreation. The mall’s exquisite features will providean inspiring and memorable experience, promoting a sense of communityand elevating

Dubai South, located at the edge of Al Maktoum International Airport, neighbouring Jebel Ali and Expo City, Dubai South is emerging as one of the most exciting newdistricts in the UAE. Bringing into reality a trailblazing vision laid out by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the previously untapped potential of this key area is paving the way for a better future for residents and investors by unlocking a progressive approach to tomorrow. Driving the development of Dubai South and rejuvenating the real estate market is the $35 billion terminal at Al Maktoum International Airport. This terminal will enhance

MERED, an international real estate developer, is rapidly establishing itself as one of the fastest-growing companies in the Dubai real estate sector. In just one year since its market entry, MERED has swiftly emerged as a leading ultra-luxury player. The award-winning developer has launched and broken ground for its flagship project, the ICONIC Tower, within only six months. The tower will be the tallest in Dubai Internet City at 286.4 metres, boasting 310 luxury apartments and world-class amenities. In just the last year, the project has received approval from various government authorities, including the Dubai Development Authority (DAD), the Real Estate