The first specialized e-commerce free zone in the Middle East, North Africa, and South Asia region, Dubai CommerCity (DCC), is experiencing strong demand for office space, with a sizable portion already leased up, according to a senior official on Wednesday. "The demand for offices is huge. We have already rented over 65% of the available space, and we anticipate rising demand. We will receive a total...

The real estate and property market in Dubai had 2,593 transactions worth AED7.4 billion during the week ending September 2, 2022, according to data from the Dubai Land Department. The statistics show that 320 plots sold for AED1.75 billion while 1,720 flats and villas were sold for AED3.55 billion. The top three transactions involved the sales of land in Saih Shuaib 3, Island 2, and Saih Shuaib 4...

According to the Sharjah Investment and Development Authority (Shurooq), the development of the Kalba Waterfront, the largest retail and first all-inclusive waterfront destination in Sharjah, has reached 100% completion, and the interior design of the residences is almost complete. In Q4 2022, "Eagle Hills Sharjah Development," a joint venture between Shurooq and Eagle Hills, plans to welcome guests to...

The 25,208 square foot five-bedroom triplex penthouse has two private pools and terraces, a private elevator, a sky garden, and floor to ceiling windows with 360-degree views of the Arabian Sea and Palm Jumeirah. Atlantis The Royal Residences on the Palm Jumeirah's largest penthouse has sold for Dh163 million. The largest penthouse on the Palm was sold by the upscale real estate brokerage...

Due to their energy and distinctive lifestyle options for rent, Dubai Marina, Downtown Dubai, and Business Bay will be the most sought-after neighborhoods in Dubai in 2022 for residents. The other most frequently searched regions in the emirate include Palm Jumeirah, Jumeirah Village Circle, and Jumeirah Lake Towers, according to the most recent statistics from Property Finder. (rent) "Dubai Marina...

Dubai reported 2,739 transactions this week totalling AED8.4 billion, according to the Dubai Land Department. During the week ending August 26, 274 plots worth AED1.36 billion and 1,902 houses worth AED4.35 billion were sold in the emirate. (real estate) A land sale in Business Bay for AED 110 million was the most costly transaction. A second land parcel in Wadi Al Safa 2 was sold for AED38.75...

The master developer in Dubai has turned the idea of the "Deira Islands" into a collection of five islands with a combined area of 17 square kilometers. The developer's continuous emphasis on the Dubai brand is reflected in the name of the new area, "Dubai Islands." The project will follow the Dubai 2040 Urban Master Plan and "reinforce the emirate's position as a global destination of choice for...

Foreign buyers of real estate in Dubai, which has become one of the world's most attractive investment locations, have expressed a great interest in the 10-year residence program, Golden Visa. According to Zoom Property Insights, Dubai is anticipated to draw a sizable portion of the $100 billion worldwide citizenship-by-investment industry, which is anticipated to rise five times by 2025. The emirate...

DUBAI, 16th August 2022 (WAM) -- The Department of Planning and Development - Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed about 16,000 transactions through its Licencing Department during the first half of 2022, registering a growth of 22 percent as against the same period last year. The Licencing Department provides corporate licensing services to local and...

The first half of 2022 saw Emaar Development’s biggest property sales ever, supported by recently profitable launches that will add value going forward. Compared to H1 2021, when property sales were AED13.825 billion (US$3.764 billion), they increased by 10% to AED15.216 billion (US$4.143 billion) in H1 2022. 15 projects in various master plans were launched during the first half of 2022 by the...