Dubai's real estate market reached a historic high in Q3 2024, with total sales amounting to AED141.9 billion ($38.6 billion), marking the highest sales volume recorded in a single quarter. This surpasses the previous quarterly record of AED124.07 billion ($33.8 billion) set in Q2 2024, reflecting a 30.1% increase in value compared to the same period last year. A report by DLD highlighted the...
Following the successful sell-out of the Franck Muller Aeternitas Tower, Dubai-based developer London Gate and Swiss luxury watchmaker Franck Muller have launched their next major project: the Franck Muller Vanguard Tower. Located in the prestigious Dubai Marina, this high-end residential development builds on the triumph of their initial collaboration. Valued at Dh1.6 billion, the Franck...
Dubai’s real estate market achieved a record-breaking Dh141.9 billion in total sales for Q3 2024, marking the highest quarterly sales figure ever, as reported by fäm Properties. This new milestone surpassed the previous record of Dh124.07 billion set in Q2 2024, reflecting a 30.1% year-on-year increase in total value. In a market report released on Thursday, fäm Properties detailed that there...
Dubai has unveiled an ambitious master plan to reshape education, real estate, transportation, and heritage preservation over the next decade. Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, announced the comprehensive strategy on Tuesday. Approved by the Executive Council of Dubai, which Sheikh Hamdan chairs, the measures aim to foster long-term growth...
Many landlords in Dubai issue eviction notices, requesting tenants to vacate their rental properties. This leaves tenants facing the challenge of finding a new home. But is it within the rights of a landlord to evict tenants in Dubai? The answer lies in Law No. 26 of 2007, also known as the 'Law Regulating the Relationship Between Landlords and Tenants in the Emirate of Dubai,' which outlines...
The upcoming hotel Ciel, Vignette Collection will become the new tallest hotel in the world, surpassing Gevora Hotel on Sheikh Zayed Road. Soaring 365 meters into the Dubai skyline, this architectural marvel will feature over 1,000 rooms spread across 80+ floors, contributing to Dubai Marina’s iconic skyrises. Developed by The First Group, known for projects like Millennium Place Dubai Marina and The...
The Dubai property market is poised for a surge in new project launches, with nearly 200 additional developments planned by various developers. In the first eight months of 2024, 86,000 units were launched, generating sales worth Dh213.7 billion, putting the market on track to surpass last year's Dh272 billion, according to a report by Property Monitor from Cavendish Maxwell. The report predicts that up...
Though Dubai and the UAE are just 53 years old, they have made remarkable strides, evolving from a barren desert into the dazzling city we see today. The momentum continues, with a series of new megaprojects constantly announced to further entrench its global standing. Among these is the highly anticipated Etihad Rail, the expansion of the Dubai Metro, and numerous upcoming...
A new development in one of Dubai's premier residential areas, Downtown Dubai Villas, with an impressive AED 7 billion collection of ultra-luxurious villas and mansions that has transformed the area, is attracting a lot of attention from investors. has attracted This development offers a rare opportunity for investors and end-users to acquire luxury luxury homes in the heart of the city. At the center...
The Dubai Sphere will stand at 110 meters tall and feature an intimate entertainment space with seating for 300 guests. This new sphere will be located within "The Island," a massive project inspired by Las Vegas, and it will be positioned at the heart of three MGM resorts: MGM, Bellagio, and Aria. Although the Dubai Sphere will be smaller than the original in Las Vegas, MGM Resorts CEO Bill...
