The total number of US$10 million plus home sales in Dubai grew by 92.4 %to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank. The total value of sales above this price point grew by 91 % last year to US$7.6 billion, 28 % of which was achieved in Q4 alone. “Dubai has doubled down on its position as the world’s most active US$10 million plus homes market," Faisal Durrani, Partner – Head of Research, MENA, said, “Indeed, the voracity of international ultra-high-net-worth demand has also super-charged the US$25 million plus, or super-prime market. The number

The total number of US$ 10 million plus home sales in Dubai grew by 92.4%to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank. The total value of sales above this price point grew by 91% last year to US$ 7.6 billion, 28% of which was achieved in Q4 alone. Faisal Durrani, Partner – Head of Research, MENA, said: "Dubai has doubled down on its position as the world's most active US$10 million plus homes market. The depth of demand from international buyers for Dubai's most luxurious homes is also reflected in the fact that city-wide

Azizi Developments, a leading private developer in the UAE, has announced the 60% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan. Amber comprises a mix of studios, one-, two- and three-bedroom residences, and is due for completion in Q2 2024. Amber’s structure is now 100% complete, with blockwork at 99%, internal plaster and MEP at 98% and 51%, HVAC and tiling works at 45% and 53%, and external works at 2%, respectively. The overall finishes are now at 46%. The total manpower is at 290. In his comments, Mr.Farhad Azizi, CEO of Azizi Developments,

In an exclusive ground-breaking ceremony, Shamal Holding, a diversified investment firm which manages a unique portfolio of investments, assets and experiences, has inaugurated the start of construction for the highly anticipated Baccarat Hotel and Residences Dubai. Set to open in 2026, the new Downtown lifestyle development will include two crystal-inspired towers cutting a new feature into Dubai’s skyline, containing Baccarat hotel suites and bespoke residences boasting the brand’s signature design. The luxury offering will be complemented by exceptional dining experiences and the highest quality amenities and services. An exclusive lifestyle development, Baccarat Hotel and Residences Dubai will blend Baccarat’s heritage of craftsmanship,

Ennismore, the fastest-growing lifestyle and leisure hospitality company, in collaboration with the developer East & West Properties and D&B Properties, proudly announce the official launch of the inaugural standalone branded residence by hospitality brand 25hours. The exclusive unveiling of 25hours Heimat Dubaitook place at the multiple award-wining 25hours Hotel in Dubai One Central on January 10th, drawing a distinguished audience of over 950 individuals, including the brand’s founder, shareholders, brokers, and end-users. Situated in the heart of Downtown Dubai with magnificent views of Burj Khalifa and Downtown Boulevard, 25hours Heimat represents a groundbreaking paradigm shift in downtown living, as evidenced by

The real estate and properties transactions valued at 10.1 billion in total during the week ending 12 January 2024. The sum of transactions was 2,910. 209 plots were sold for AED 2.19 billion, 2,100 apartments and villas were sold for AED 4.84 billion. The top three transactions were a land in Al Hebiah Sixth sold for AED 138.65 million, followed by a land that was sold for AED 105 million in Business Bay, and a land sold for AED 47.36 million in Palm Jabal Ali in third place. Al Hebiah Fifth recorded the most transactions for this week by 44 sales transactions worth

Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, has announced the launch of Rosalia Residences, an exquisite tower of spacious apartments in the heart of Al Furjan that will further elevate the standard of living within the community. Strategically located in one of Dubai’s most vibrant and fast-growing communities, Rosalia Residences is Deyaar’s third project in Al Furjan out of a total project portfolio worth AED300 million. The first project, Amalia Residences, launched in 2022, is now completely sold out. The second, Millennium Talia Residences, a hotel serviced apartments operated by Millennium Hotels &

etisalat by e& today announced its partnership with Advanced Real Estate Services (ADRES) to enhance its products including DARI, Abu Dhabi's comprehensive digital real estate ecosystem, backed by the Department of Muncipalities and Transport (DMT). DARI's vision aims  to revolutionise the digital landscape of Abu Dhabi's real estate sector, aligning with the UAE's vision to foster growth, competition and continued long-term success. As part of the MoU, etisalat by e& is enabling ADRES's digital framework, focusing on lead onboarding, improved communication, and expanding its reach through etisalat's digital platforms. Esam Mahmoud, Senior Vice President of Small & Medium Business at etisalat by

Throughout 2023, the UAE’s real estate sector has shown sustained growth and newer consumer preferences, welcoming increased foreign confidence and igniting great opportunities for the future. Property Finder asked real estate’s industry leaders of its esteemed PF Awards to outline the top five property trends to look out for in 2024. More available properties: With a lot of new projects and off-plan developments entering handover stage in 2024, property seekers are most likely to have a wider range of options to choose from. Richard Waind, CEO, Betterhomes, explains “In 2024, we might see more available properties, as sellers look to take advantage

The indispensable nature of social media and the value of becoming one’s own brand ambassador were key takeaways from a panel discussion featuring real estate barons and influencers Rizwan Sajan and Mohanad Al Wadiya at the second edition of the 1 Billion Followers Summit being held at the Museum of the Future and Emirates Towers in Dubai on January 10-11, 2024. Moderated by property consultant and content creator Mohamed Zidan, the discussion titled “Become Your Own Brand Ambassador” had Sajan, the Indian-origin founder of Danube Group, and Al Wadiya, CEO at Harbor Real Estate, reiterate the power of social media in