Aldar Properties and Mubadala Investment Company will pay Dh450 million for Al Maryah Tower, a premium Grade A commercial office skyscraper on Al Maryah Island. Aldar will own 60% of the property, and Mubadala will possess the remaining 40%. The 25-story tower is next to Aldar's four commercial buildings at ADGM, which boosts the company's growing commercial portfolio. The first tenants of the...

According to information provided by the Dubai Land Department, the real estate market in Dubai saw 385 sales for AED936.65 million on Tuesday, 98 mortgage deals worth AED186.25 million, and 41 gift deals totaling AED131.82 million (DLD). The total cost of the real estate deals completed so far exceeds AED 1.2 billion. The sales included 358 villas and apartments worth AED691.86 million, 27 land plots...

According to the Dubai Land Department, the value of transactions in the real estate market in Dubai reached AED 9.1 billion ($2.5 billion) by the end of the week (DLD). For the week ending December 9, 2022, at least 2,233 apartments and villas were sold for a combined AED 4.64 billion. At least 419 plots worth a combined AED 2.24 billion were also auctioned. The largest transaction for the week was...

The Dubai real estate market is having a solid year, according to Zoom Property Insights. In October, prices rose by 1.8 percent, and November followed a similar pattern. Investors in the sector are driving increased prices as well as end users. Zoom Property Insights stated that the average property price in Dubai is AED1,070/square foot. increase in Dubai real estateThe research also said that,...

With a 100,000 square foot seafront plot of property in Dubai Marina selling for Dh690 million ($187.6 million) in the closing stages, the residential real estate market in Dubai is still setting sales records. The largest residential deal of the year in Dubai is this one. It surpasses the Dh600 million deal through which Mukesh Ambani, an Indian business magnate, acquired a second Palm property. At...

Dubai, which will see a 13.5 percent price increase in 2023, is the most anticipated of the top 25 cities. The report from Knight Frank predicts that prices will rise by an average of 2% across all 25 cities. After Dubai, Los Angeles and Miami are in the second and third places, respectively. The forecast rate has, however, decreased over the past six months as recessionary worries have grown. In the...

All property buyers will be able to convert their 100-year leasehold rights into full freehold titles thanks to Arada, the largest developer in Sharjah. This will be achievable after receiving the required Sharjah Real Estate Registration Department approvals. Recently, Sharjah granted freehold rights to owners of real estate in specific investment zones. All nationalities and non-residents are covered...

According to Zoom Property Insights, the Dubai rental market is still on the rise as average rent increases by 27% this year and demand increases significantly in line with the emirate's robust economic activity. The average cost of renting an apartment has risen to Dh91,795, while the cost of renting a villa has increased to Dh274,740. According to the survey, this shows an increase of 27.5% and 25.7%...

HH Sheikh Mohammed bin Rashid Al Maktoum has formally approved the overall plan for Dubai's development of the rural and wilderness areas. This 2,216 km2 region also has projects and initiatives for integrated package development. "Our city is the most stunning in the entire planet. The countryside and plains of Dubai should be the nicest and most stunning areas for everyone, according to Sheikh...

A recent analysis predicts that by 2023, Dubai's luxury residential market would dominate international markets and see robust double-digit price growth. Knight Frank's 2023 Premier Predictions state that the cost of prime residential locations will increase by 13.5% in 2019. Given that cities like New York, Paris, and Singapore can only record single-digit growth, this is the highest price growth ever...