Dubai's real estate market experienced a stellar performance in August, with property sales surging by 40.8 percent year-on-year, reaching AED47.3 billion ($12.88 billion). Dubai recorded 16,159 real estate transactions last month, reflecting a 36.9 percent increase compared to the previous year. Additionally, the average price per square foot rose by 6.1 percent, reaching AED1,493. Over the past five...
Dubai real estate investors can now access services remotely via video calls or WhatsApp, eliminating the need for in-person office visits, thanks to a groundbreaking new initiative. In a strategic effort to enhance partnerships with the private sector, Eng. Marwan Ahmed bin Ghalita, Director General of the Dubai Land Department (DLD), officially launched the '6005AQARI' platform in collaboration with...
Azizi Developments has set its sights on an ambitious project: constructing a 725-meter tall tower on Dubai’s Sheikh Zayed Road, which is poised to become the second tallest building in the world. This new landmark will be located just a short distance from the world’s tallest building, the Burj Khalifa, which stands at 828 meters. Today, the official height of the tower was announced. As I write...
The Burj Binghatti is set to become Dubai’s latest record-breaking marvel upon its completion, claiming the title of the world's tallest residential tower. Announced in 2022, this towering structure aims to surpass New York’s Central Park Tower in height. Designed in collaboration with the luxury watchmaker Jacob & Co, Burj Binghatti is poised to be one of the most striking landmarks in the...
Nakheel, a key player in Dubai Holding’s real estate division, Dubai Holding Real Estate, has awarded an AED 810 million contract to "Jan De Nul Dredging LTD" for the marine works at Palm Jebel Ali. As part of the renowned Jan De Nul Group, this company will be in charge of dredging, land reclamation, beach profiling, and sand placement, directly contributing to the construction of villas across all...
In a significant move to enhance the efficiency of property transactions, the Dubai Land Department (DLD) has signed an agreement with the emirate’s seven leading developers. This collaboration will allow these developers to use DLD’s registration system to manage all real estate transactions, reducing the registration time from days to mere minutes. Photo: Supplied The deal is expected to...
Burj Khalifa, Dubai: Standing at 828 meters with 163 floors, Burj Khalifa, completed in 2010, remains the tallest building in the world. Merdeka 118, Kuala Lumpur: At 679 meters and 118 floors, this tower, completed in 2023, ranks as the second tallest building globally. Shanghai Tower, Shanghai: With a height of 632 meters and 128 floors, the Shanghai Tower, completed in 2015, is the third...
In response to high demand, Dubai's office market has experienced a significant boost with the launch of several new developments, particularly in the Grade-A office space sector, to accommodate the needs of emerging companies. The UAE, especially Dubai, is becoming an increasingly attractive market for many international companies as they plan to expand their investments in operations and...
Investors seeking long-term residency in the UAE are required to purchase assets worth Dh2 million or more. To be eligible for the Golden Visa in Dubai, investors can either buy a single property valued at Dh2 million or multiple properties with a combined value of at least Dh2 million. In 2023, Dubai issued 158,000 Golden Visas to property buyers, students, scientists, professionals, and...
Skyscrapers are iconic symbols of modern cities across the globe. In the late 19th and early 20th centuries, a building with 10 floors was considered a skyscraper, but this standard quickly evolved as construction techniques and technology advanced throughout the 20th century. Today, skyscrapers are typically defined as high-rise buildings standing at least 100 to 150 meters tall, with...
