Building on the tremendous success of Phase 1, leading real estate developer, Deyaar Development PJSC (Deyaar), has announced the launch of Phase 2 of Park Five, a wellness-focused luxury residential community in Dubai Production City. Phase 2 will see the launch of 343 residential units that are sure to transform urban family experiences in Dubai. Phase 2 presents an innovative collection of studio, one bedroom two-bedroom and three-bedroom residences, designed to meet the sophisticated needs of contemporary urban families. These living spaces represent a thoughtful integration of comfort, functionality, and community-driven design. Saeed Mohammed Al Qatami, CEO at Deyaar Development, shared his vision:

Dubai's luxury residential market achieved new heights in 2024, setting a new record for US$ 10 million+ home sales, according to the latest analysis from global property consultant, Knight Frank. The emirate recorded 435 sales above US$ 10 million, surpassing the 434 US$ 10 million+ transactions registered during 2023, further cementing Dubai's position as the world's leading market for luxury home sales. The total number of sales above US$ 10 million in 2024 was bolstered by a remarkable performance in Q4, which saw 153 deals – the highest quarterly figure on record for this segment.   Faisal Durrani, Partner – Head of Research,

Dubai’s real estate market experienced a landmark year in 2024, driven by unprecedented demand in both residential and office sector. As supply struggles to keep pace, the market is seeing record-breaking growth in rents, prices, and transaction volumes according to data from Cushman & Wakefield Core’s Dubai Annual Report 2024-2025. With no sign of slowing demand, 2025 will see further increases, despite more stock coming to market, particularly in the residential market. Looking ahead to 2026/2027, major project completions, and regulatory adjustments will help address the imbalance, bringing more stability to the market and reinforcing Dubai’s position as a global

Homes 4 Life Real Estate has once again reaffirmed its position as the leading real estate brokerage in Town Square Dubai by securing the No. 1 Top Sales Performer Award from Nshama. This marks the fifth consecutive year of Homes 4 Life dominating the Town Square Dubai market, solidifying its reputation as the most trusted and preferred real estate brokerage in the community. The prestigious award ceremony took place on January 29, 2025, at the Mandarin Oriental Jumeirah, Dubai, where Mr. Rashid Alabbar presented the first-place award to Homes 4 Life Real Estate, along with a prize of AED 300,000 in

ANAX Developments, a subsidiary of ANAX Holding, has broken ground to commemorate the construction of Evora Residences, within two months of unveiling the residential property.  With 80% of the property now sold out within 60 days of its launch, the developer is marking the milestone with a ground breaking ceremony. ANAX Developments has also signed an agreement with Adnann Contracting LLC as the contractor for the project to further ensure timely completion and quality construction of Evora Residences. The groundbreaking signifies the start of construction for Evora Residences, which is scheduled for completion in  Q3 2026. “Breaking ground of the Evora Residences symbolises

Dubai’s real estate market is set to maintain its upward trajectory in 2025, driven by sustained investor confidence, an expanding luxury segment, and unprecedented commercial demand, according to Engel &Völkers Middle East’s latest report. With strong economic fundamentals, population growth, and strategic government initiatives, Dubai continues to reinforce its position as one of the world’s most attractive real estate investment destinations. In 2024, total residential real estate transactions surged by 40.3% to 170,992 units, more than five times the number recorded in 2020, reflecting the city’s growing appeal to both local and international buyers. The luxury sector remained a key driver of

Amira Sajwani, Managing Director of DAMAC Properties, said that the first half of 2024 saw more than 220,000 people relocating to Dubai, reinforcing the ongoing surge in demand for residential units. “The real estate market in Dubai is experiencing exceptional momentum, with strong demand continuing from both investors and end-users," she said on the sidelines of the launch of "Riverside Views," the company's first project for 2025. Sajwani noted that Dubai has become a global attraction due to its strategic location between Europe and Asia, along with its investor-friendly policies. “The demand for real estate in the UAE is unmatched by other markets.

Artificial Intelligence is one of the most transformative technologies of our time, impacting nearly every industry and shaping the future of work, automation, and decision-making. AI is everywhere, from social media algorithms and self-driving cars to fraud detection and voice assistants. According to Sharad Agarwal, CEO of Cyber Gear, “Automation and AI will replace repetitive jobs but also create new ones. Understanding AI ensures you stay relevant in the workforce, whether in tech, finance, healthcare, marketing, or education.This past week, DeepSeekfrom China, shook up the entire AI industry with the launch of their AI software. Just yesterday, Alibaba dropped Qwen 2.5-Max, claiming

In line with its commitment to strengthening strategic partnerships and acknowledging the pivotal role of its partners in supporting Dubai’s real estate sector, Dubai Land Department organised the 2024 Stakeholders Forum under the theme ‘Shaping Achievements Together.’The forum celebrated and honoured over 120 esteemed stakeholders from the government and private sectors, as well as representatives from the media. The forum represents a significant step toward advancing the strategy for managing relationships with partners, enhancing collaboration and integration among various stakeholders, and contributing to implementing Dubai’s Real Estate Sector Strategy 2033 while supporting sustainable development. This recognition aims to inspire stakeholders to

The latest RICS Global Commercial Property Monitor found that the United Arab Emirates (UAE) is experiencing some of the strongest commercial property market momentum in a decade. Occupier demand across the UAE gained further impetus as the net balance climbed to +67% from an already strong figure of +57% in Q3. Moreover, this embodies the most elevated reading for tenant demand within the UAE since 2014. Meanwhile, the country continues to attract strong interest from foreign investors, with a net balance of +56% respondents reporting growth in investment enquiries from abroad. A respondent in Dubai stated that "the office sector, in particular, is