Dubai’s real estate market has seen steady growth over the past year, driven by the increase in expatriate population, policies such as the recent change to the rules for real estate investors to qualify for the Golden Visa, and Dubai’s growing and diversified economy overall. Savills, a global real estate services provider, released the Dubai Property Market report for 2023, which revealed a robust year across different sectors in Dubai’s real estate market. Swapnil Pillai, Associate Director of Research at Savills Middle East,said, “The macroeconomic sentiments for the UAE remain favourable. The non-oil sectors have seen significant expansion over the past

The Heart of Europe, the flagship project of Kleindienst Group, has signed an agreement with IHG Hotels & Resorts, one of the world’s leading hotel companies, to launch and manage the InterContinental Resort Portofino, The Heart of Europe on The World Islands, Dubai. The signing marks the first resort property in Dubai from the iconic InterContinental brand, reaffirming the company’s commitment to bringing luxury experiences across key leisure destinations in the region. This latest signing marks the third hotel to be added to the joint portfolio of IHG Hotels & Resorts and The Heart of Europe. The hotel is scheduled for a grand

Dubai’s property market slowed down towards the end of 2023, with off-plan sales tumbling by nearly 70% in December, consultancy firm CBRE said in a report released on Tuesday. The residential market recorded a total of 6,216 deals during the month, down by 30.3% from the prior year. The softening was driven by a 69.7% drop in off-plan sales, although sales of secondary homes rose by 35.3%. The market also saw a slowdown in the uptake of luxury homes, particularly those that cost more than AED 5 million ($1.3 million) during 2023, with the number of deals in the prime segment totalling

The International Property Show (IPS) 2024, celebrating its 20th anniversary, is set to take center stage at the Dubai World Trade Centre from February 27-29. This landmark event is primed to provide a unique platform for exhibitors from Gulf Cooperation Council (GCC) countries, including the UAE, Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait, to present their real estate projects to a global audience of investors, homebuyers, and industry enthusiasts. With exhibitors already representing the GCC nations, including The Sustainable City – Yiti from Oman, the Real Estate General Authority, and the Ministry of Municipal Rural Affairs and Housing from Saudi Arabia,

For UAE residents, rents are one of the biggest costs that they bear every month. For some of the residents, it accounts for the highest expense of their monthly or yearly budgets. Rents have been consistently on the rise across the UAEß over the past three years due to the massive influx of foreign workers into the country as the economy expanded at a strong pace. In the last quarter of 2023, according to real estate consultancy CBRE, average apartment rents increased 2.0 per cent year-on-year in Abu Dhabi, while villa rents rose 0.8 per cent. Similarly, rents in Dubai and the

In Abu Dhabi, the total volume of residential transactions reached 11,235 in 2023, up by 77.8% from the year prior. This increase has been underpinned by a 104.0% growth in off-plan market sales and a 27.7% increase in secondary market sales. In Q4 2023, a total of 3,107 transactions were registered, marking a year-on-year growth of 40.3%. Over this period, off-plan transactions grew by 41.0%, and secondary market transactions rose by 38.1%. In the year to the fourth quarter of 2023, average apartment prices in Abu Dhabi increased by 1.1%, whilst average villa prices remained almost unchanged from the comparable

A mansion located at the Bulgari Resort & Residences, is now on the market for AED495 million ($134 million), making it one of the most exclusive mansions for sale in Dubai. Listed through luxury real estate B1 Properties in Dubai, the residence with its four master bedrooms and six bathrooms, on a built-up area of nearly 10,000 sqft, with a plot size of 20,221 sqft in total, is one-of-a-kind. Nestled within the exclusive Jumeira Bay enclave, this is the epitome of sophistication and reflects the demand for ultra-high-end real estate in Dubai, said. B1 Properties pointed out that the meticulous attention to detail

DHG Properties, a renowned Swiss real estate developer, has announced the off-plan sales launch for its debut UAE project, Helvetia Residences, currently under development in Jumeirah Village Circle (JVC). Nearly 15% of its units were sold out on the opening day. Projected to be worth over AED600 million ($163.3 million), it has already seen 15% of its units sold out on the first day. With a legacy rooted in delivering premium and affordable properties across Europe and DHG Properties, a renowned Swiss real estate developer with a legacy of over three decades of excellence, has announced the off-plan sales launch for their

Making a mistake in choosing an apartment for living and vacation in Dubai can be very costly for tenants. But how to make the right choice? The experts of SalesDepartmentat technologically-empowered rental company with stylish living spaces, branded services and community for tenants Colife Dubai, reveals all the expats’ secrets. In this article, Colife’s experts listed the most popular neighborhoods and towers for rent among tenants. Top 3 areas for renting an apartment in Dubai and their best buildings "Currently, Colife rents out fully equipped Scandinavian-style apartments with included services and activities in 15 districts: Dubai Marina, JBR, JLT, JVC, Dubai Hills,

In a historic move, the Arsenal training ground has been rebranded as the Sobha Realty Training Centre, following a pioneering agreement with the Dubai-based real estate developer, marking the first instance of a training ground naming rights partnership. This transformative collaboration extends to a long-term vision, with Sobha Realty assuming the role of Principal Partner of Arsenal and the official training kit sleeve partner for both the men's and women's teams. The partnership is designed to harness Sobha Realty's exceptional proficiency in property development to identify and maximize development prospects at the club's training ground, aligning with Arsenal's commitment to cultivating