The Dubai real estate market has witnessed a clear shift during the summer months as hundreds of tenants moved home to take advantage of new leases reducing annual rents by up to 15%. An analysis by fäm Properties of Dubai Land Department tenancy registrations shows that new leases exceeded renewals by 633 contracts in July, and by 2,139 in August – the first time this has happened in any month since the dataset began in January 2023. Renewals had outnumbered new leases for 36 months in succession before the summer turnaround, with the switching by tenants concentrated in mid-market and […]

Skybound Wealth has appointed Savills as a preferred partner for property related advice across its international offices, strengthening the support available to clients considering property as part of their wider financial plans. The relationship will focus predominantly on the residential market, with the UK expected to remain a key area of interest for Skybound’s international client base. UK property has long attracted international and expatriate investors looking for an established market in which to hold capital, generate income and build long term wealth, and the relationship with Savills will provide Skybound clients with access to specialist market knowledge, research and […]

Dubai’s real estate sector continued to expand during the first half of 2026, with 104 projects completed at a total investment value exceeding AED 111 billion, adding 24,537 new units to the market. The figures reflect sustained development activity and the sector’s capacity to keep pace with growing residential and investment demand. The latest data from the Dubai Land Department showed that the number of completed projects increased by 38.7% compared with the same period in 2025, while their total investment value rose by 52%. Badar Rashid Al Blooshi, Chairman of Arabian Gulf Properties said the increase in completed projects and […]

Al Ghurair Development unveils Tessera, a new residential address in Dubai South designed by Portugal-based architect Manuel Aires Mateus. Marking the practice’s first residential project in the UAE, Tessera introduces a new way of living where the space, privacy and amenities traditionally associated with townhouse communities are now integrated within a low-density building setting. Tessera also builds on Al Ghurair’s long-standing experience in shaping, delivering and operating places across Dubai. Drawing on more than six decades of Al Ghurair’s presence across 8 countries, and a track record comprising of more than 20,000 residential and commercial units built and managed including […]

Reinforcing its legacy of developing and delivering projects in committed time frames, Dubai’s homegrown luxury residential developer, Condor Developers, today announced that it has successfully delivered its AED 300 million Golf Links18 at Dubai Sports City. In a statement, Condor Developers said that all 256 residential units comprising studios, one-beds and two-bedroom and three-bedroom apartments have been handed over to a diverse mix of investors comprising European and other nationalities who have chosen Dubai to be their home. “Delivering Golf Links 18 is yet another milestone for us. It is also a reaffirmation of our promise to our investors that […]

Dubai registered 2,046 distinct residential-use rental contracts valued at AED1 million or more during the first eight months of 2026, with their combined contract value reaching AED6.79 billion, highlighting the scale of the market’s top tier. A market analysis from fäm Properties shows that the contracts registered between 1 January and 31 August had a median annualised rent of AED1.35 million. New leases accounted for the majority of activity, with 1,423 contracts, or 69.6% of the total, compared with 623 renewals, or 30.4%. Data from DXBinteract reveals that the median annualised rent for new leases was AED1.30 million, while renewals […]

betterhomes has been named Property Management Company of the Year at IPS 2026, following its win in the same category last year. The award was presented during the 22nd edition of the International Property Show at Dubai World Trade Centre, which brings together developers, investors and real estate professionals from across the industry. For betterhomes, the recognition reflects more than a single year of performance. The company has more than 25 years of experience managing properties, with some landlords having trusted betterhomes with their buildings for more than two decades. That continuity comes from understanding the detail behind every property […]

ADAAN Developments and TUSCANY Real Estate Development, in partnership with Arthouse, the global brand partner, have officially broken ground on Arthouse Hills Arjan, marking the project’s transition from sales launch to active construction and providing buyers and investors with visible proof of progress on the AED 550 million development. The milestone reinforces the partnership behind the project, bringing together Arthouse, ADAAN Developments, TUSCANY Real Estate Development, construction contractor NEW SYSTEM ENGINEERING (NSE) and SVÉ Real Estate, the project’s exclusive sales and marketing partner responsible for taking Arthouse Hills Arjan from launch through to delivery. With Dubai recording AED 624.1 billion in real […]

Nakheel, a member of Dubai Holding Real Estate, has awarded a main construction contract worth more than AED 800 million to Metac General Contracting Co for Phases 1 and 3 of Bay Grove Residences on Dubai Islands. The contract covers the construction of 537 one- to four-bedroom homes across seven residential buildings. Phase 1 comprises 296 homes across four buildings, while Phase 3 comprises 241 homes across three buildings. The main construction works are anticipated to be completed in late 2028. The scope also includes basement works, associated infrastructure and key resident amenities, including swimming pools, play courts and a fitness centre. The appointment marks a significant construction […]