Dubai’s Progressive Property Market Records A Staggering Growth In H1 2024
As a holistic platform that empowers UAE’s real estate with its wide-ranging user-centric features, dubizzle has been a go-to choice for home seekers, investors and renters searching for properties in Dubai. The leading online marketplace is a progressive wing of the Dubizzle Group. Analysis of dubizzle’s search trends in H1 2024 has painted an all-inclusive picture of Dubai’s real estate market during the first half of the year. Moreover, the official DLD data has also hinted at unwavering market growth as total sales transaction volume increased by 12.2% compared to H2 2023. With a steady rise in property prices and ballooning scope
Dubai Land Department Fines 256 Brokers For Failing To Comply With Advertising Terms And Conditions Over The Past Six Months
As part of its ongoing efforts to ensure compliance with regulations standards in the real estate sector, Dubai Land Department (DLD) has announced the results of inspections and control of real estate brokers, companies, and projects during the first half of 2024. This initiative aims to regulate the field and enforce the laws that enhance the attractiveness and stability of Dubai's market. According to statistics released by Dubai Land Department, the Real Estate Control Department conducted 450 field inspection tours on companies and real estate projects, and 1,530 inspections on associated advertisements during the same period. As a result, over 1,200
Tier One Real Estate Brokerage Firm, DRE Unveils Sprawling New Headquarters In Dubai Hills Estate
Award-winning real estate brokerage company, DRE, announces the opening of its new Headquarters located in the prestigious Dubai Hills Estate. Spread across 14,000 square feet, this state-of-the-art space will house over 150 employees and serve as the regional base for DRE's operations across the UAE and beyond. With 17 years of experience in the Dubai real estate market, DRE is renowned for delivering premium services including buying, selling, renting, and property management. Founded by sibling-duo, Qurat Ul Ain and Mudasir Wani, DRE's success story exemplifies how family values combined with professional excellence can thrive in UAE's competitive market scene. Aesthetically designed and featuring advanced
HiLITE Realty’s UAE Leap: The New Office In Burj Khalifa Transcends Heights And Geographies
HiLITE Realty, the leading luxury multi-development realtor in South India, is entering the lucrative real estate markets of the GCC, including the UAE, vowing to redefine the way residents "live, work and play" in these markets. The company has set up a sprawling strategic and operational centre on the entire 112th floor in the magnificent Burj Khalifa, Dubai, signalling its mission to make a strong impact in the prestigious UAE market and to kick off its global diversification plans. "We are not just building spaces, we are creating communities, fostering growth, and inspiring a brighter future for generations to come. The office
Kleindienst Group Sells Out First Phase Of Marbella Resort Hotel In 8 Hours
Kleindienst Group, a leading global business conglomerate and the master developer behind The Heart of Europe, has announced the successful sell-out of the first phase of its AED 1 billion Marbella Resort Hotel, Vignette Collection by IHG Hotels and Resorts on the World Islands. The exclusive launch event attracted over 2,000 visitors, highlighting the strong demand for luxury properties in Dubai’s thriving real estate market. The first phase of the beachfront development, located on the main Europe Island, was sold out within 8 hours, underscoring the significant interest across various nationalities, including UAE nationals, Saudis, Indians and Europeans. Sarah Ali, Chief Operating
Dubai Reinforces Its Position As Safe Haven For HNWIs And UHNWIs
Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., cites that the UAE has become a prime destination for high-net-worth individuals (HNWIs), with a record 6,700 millionaires expected to call the UAE home by the end of 2024;if this forecast is met, it will result in the country boasting nearly twice as many HNWIS as the United States’ 3,800 millionaires and Singapore’s 3,500 high-net-worth individuals by the year’s end. Furthermore, the number of ultra-high-net-worth individuals (UHNWIs) is expected to rise a further 60% by 2026, positioning Dubai as the city with the highest concentration of wealthy individuals in the Middle
Novvi Properties Enhances Client Experience With The Launch Of Cyber Beast
Novvi Properties proudly announces the launch of the Cyber Beast, a customized Cybertruck integrated into their fleet. This innovative addition is set to revolutionize client experiences, making property viewings and outings unique and memorable. As the first real estate company in the UAE to adopt the Cybertruck, Novvi Properties is once again at the forefront of providing exceptional service and innovation. The introduction of the Cyber Beast is a significant move that aligns with Dubai Chambers’ recent initiative to improve customer happiness and experience, launched last year. This initiative by the government highlights the importance of superior client service, which Novvi
Dubai Real Estate Market Defies Expectations With Surge In Transactions
Engel & Völkers Middle East, known for its residential and commercial real estate services in the premium segment, has released its latest market report for June, highlighting the ongoing resilience and growth of Dubai’s real estate market. Despite a pullback from May's record-breaking performance, June saw a substantial increase in residential transactions, while the commercial market demonstrated strong underlying strength and resilience. “Our June report underscores the dynamic and resilient nature of Dubai’s real estate market; the ongoing growth in both residential and commercial sectors reflects the city’s strong economic fundamentals and its attractiveness to global investors. We remain optimistic about
haus & haus Releases Dubai Area Reports For Q2 2024
haus & haus Real Estate has just published its industry leading Dubai Area Reports for Q2 2024, revealing key findings that will help guide those considering making a move in the months ahead. Combining insights from the company with notable trends observed on Property Monitor and backed by Dubai Land Department (DLD), there are 33 reports spread across 30 communities – plus a separate Off Plan report. Q2 highlights include: 40,480 properties transferred Total sales over AED 104 billion in Q2 2024, compared to Dh52 billion in Q2 2023 Off Plan properties made up 63% of all property sales 78 new projects
Rashid Bin Saud Al Mualla Witnesses The Signing Of A Partnership Agreement Between Umm Al Quwain Properties And Sobha Realty To Launch A Luxury Real Estate Project On Al Siniya Island
His Highness Sheikh Rashid bin Saud bin Rashid Al Mualla, Crown Prince of Umm AlQuwain, witnessed the signing of a partnership agreement between Umm Al Quwain Properties and Sobha Realty to launch a luxury real estate project on Al Siniya Island, Umm Al Quwain. The agreement was signed at Al Diwan Al Amiri by Sheikh Mansour bin Ibrahim Al Mualla, Managing Director, on behalf of Umm Al Quwain Properties, and PNC Menon, Chairman and Founder of Sobha Group. Al Siniya Island project will offer residents an array of unique amenities, such as a family golf course, floating pavilion, event halls, helix bridge,