In support of Dubai's Economic Agenda D33 and its ambitious goals to make Dubai a major innovation hub; Dubai Land Department (DLD) has launched the Real Estate Evolution Space Initiative - ‘REES’, which will gather thought leaders and industry professionals to spur a wave of progress capable of redefining the urban landscape. The extraordinary event brought together over 200 sector partners, elite officials, and experts. It featured several sessions and debates on the main trends of the international real estate technology market, exploring opportunities and potential with participation from 25 specialized companies, including 11 exhibitors and 14 companies represented by panelists. Alongside

Deyaar Development PJSC ("Deyaar"), a leading real estate developer and service provider in Dubai, UAE, has reported a YoY increase in its Q1 2024 profits compared to the same period in 2023. This was announced today in a filing with the Dubai Financial Market (DFM), where Deyaar shares are traded. Deyaar's net profit before corporate tax for the three-month period ended 31st March 2024 increased to AED 77.5 million—marking a significant 38% increase from AED 56.4 million in the same period last year. The company's revenue also increased, reaching AED 327.8 million in Q1 2024, reflecting a 5% increase from AED

The Dubai Rental Disputes Center (RDC) welcomed a delegation from the Dubai Courts to review the digital lawsuit files concerning the resolution of rental disputes in Dubai, with the goal of enhancing cooperation and partnership in related domains. His Excellency Eng. Marwan bin Ghalita, Acting Director General of Dubai Land Department, and His Excellency Judge Abdulqader Mousa Mohammed, Chairman of the Rental Disputes Center at Dubai Land Department, welcomed the Dubai Courts delegates headed by His Excellency Dr. Saif Ghanim Al Suwaidi, Director General of Dubai Courts, and attended by a number of heads of court, judges and leadership figures. His Excellency Eng. Marwan bin Ghalita, esteemed for

Dubai’s off-plan property market is projected to see a healthy growth of 14-15% this year compared to 2023, according to Metropolitan Premium Properties (MPP), a full-service real estate agency and the Metropolitan Group’s flagship property company. Property prices have increased by an average of 20% since the start of the year and this trend is expected to continue for the remainder of the year. Dubai’s off-plan sales surged 72.5% in 2023, reaching a staggering AED 160.46 billion up from AED 93 billion in 2022 further solidifying the city’s status as a global real estate powerhouse. The momentum has continued in 2024,

Gulf Land Property Developers recently announced its collaboration with Tonino Lamborghini Group to develop an upscale residential community in the heart of Dubai. This distinctive development will bear the prestigious Tonino Lamborghini brand, synonymous with Italian quality and sophistication worldwide. The new residential community introduces a fresh perspective to lifestyle living in Dubai and aims to leverage Tonino Lamborghini's 40-year design legacy with the renowned expertise of Gulf Land Property Developers, currently engaged in crafting unique luxury living projects—Paradise Hills and Serenity Lakes. According to Savills, the global property market has seen a slowdown, particularly in the US and EU, due to

Emaar Development PJSC (DFM: EMAARDEV), the UAE build- to-sell property development business that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), achieved in Q1 2024 (January to March) a 50% increase in property sales reaching AED 12.9 billion (US$ 3.5 billion) compared to AED 8.6 billion (US$ 2.3 billion) in Q1 2023. This performance resulted from Emaar Development's successful property launches, which created a good revenue pipeline for the future and marked steady progress towards the company's strategic initiatives to further cement its position as a trusted developer. Emaar Development successfully launched 10 projects across various master plans during the first

PRYPCO Blocks, the Dubai-based real estate fractional ownership platform, has marked a historic milestone by successfully funding its first property located in Bellevue Towers, Downtown Dubai. The successful funding of Bellevue Towers, located in Downtown Dubai, underscores the remarkable confidence investors have placed in both the innovative concept of PRYPCO Blocks and the Dubai real estate market. A total of 209 investors from over 40 nationalities have so far invested in the property, with an average investment of AED 6,220. Founded by Amira Sajwani, PRYPCO Blocks has made Dubai’s lucrative real estate market accessible to all. The platform divides an entire property

The introduction of innovative product offerings, attractive payment options and recent updates to the Golden Visa requirements continue to drive investor demand within the country’s residential market, according to JLL’s UAE Real Estate Market Overview for Q1 2024. The residential market in Dubai experienced a strong start to the new year, with approximately 10,000 units completed throughout the first quarter, raising the total stock to 729,000 units. Over the remaining 9 months, an additional 25,000 units are scheduled for delivery in the emirate, primarily consisting of apartments located in prominent areas such as MBR City, Business Bay, Jumeirah Village and Dubai

Lucky Oasis Residence in Jumeirah Village Circle (JVC), the Third development from Lucky Aeon Real Estate Development, has launched, bringing investors an exciting opportunity to own an apartment in one of the most central locations in Dubai, in a block which is bursting with state-of-the-art amenities. The perfect place for families, couples, and individuals alike, Lucky Oasis Residence has unparalleled facilities, offering a diverse range of recreational activities and amenities tailored to enhance the lifestyles of all its residents, from children to seniors. Outstanding Amenities Designed to cater to everyone’s needs, Lucky Oasis Residence provides a multitude of facilities and services within the complex

UAE-founded real estate developer with global aspirations, DAMAC International, has announced brand-new office openings in Beijing and Singapore. With its sights firmly set on global expansion, the office openings signal the brand’s push and significant investment and commitment to APAC. As UAE’s largest private real estate developer with headquarters in Dubai since 1982, DAMAC has grown exponentially to an impressive diverse portfolio, including luxury real estate developments, hospitality experiences, data centres, retail, fashion, and capital markets. In December 2023, DAMAC announced plans to enter the Chinese market with its entry into Shanghai, capitalising on the growing demand for the UAE