According to real estate industry executives and analysts, this trend is primarily seen among salaried class people in their 20s, 30s, and 40s who are investing to hedge against inflation. Danube Properties' Dh300 million Pearlz project was sold out on the first day of its launch in March. Young and middle-aged residents who plan to stay in Dubai for an extended period of time are increasingly...

In order to achieve Dubai's ambitious goal of becoming the world's smartest city, the municipality has launched a unified electronic platform for building permits. This platform offers building permit services from all licensing authorities to consulting firms and contracting firms. The Dubai Building Permit Development Committee, formed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice...

After being tenant-friendly in recent years, the rental market will balance out and begin to favor landlords; however, rental increases will not be uniform across the city, according to experts. According to analysts, top executives, and industry experts, the Covid-19 variant will continue to impact remote working, supporting demand for villas and larger units. "As a result of changing working...

RAK Properties, Ras Al Khaimah's leading real estate developer, has announced the launch of the Bay Residence — Central I project, a mixed-use residential development on Hayat Island in Mina Al Arab, Ras Al Khaimah. "We are pleased to announce the opening of the Bay Residences — Central I, one of four cutting-edge residential buildings on Hayat Island." Residents and guests will enjoy breathtaking...

Iman Developers announced the opening of their newest project, the Oxford Terraces in Jumeriah Village Circle, on Tuesday (JVC). The Oxford Terraces, valued at approximately Dh72 million, will be Iman Developers' sixth residential development project. This latest project will add a total of 117 apartments, with 58 studio apartments, 51 one-bedroom units, and 8 two-bedroom units ranging in size from...

According to property experts, the UAE's real estate market continues to offer several appealing opportunities, particularly for international investors who first arrived in the country for the Expo 2020 Dubai mega event. Emad Haq, vice chairman at H&S Real Estate, spoke to Khaleej Times about the "spillover effect" that the global mega event had created by firmly putting the city, and by extension...

Danube Properties launched Gemz, a Dh350 million pyramid-shaped building with 30 facilities, in Al Furjan on Tuesday. The company's 16th project, which includes 270 apartments, features unique convertible layouts that allow one bedroom units to be converted to a 2BHK and a 2BHK to a 3BHK, as well as an in-built swimming pool with an aqua gym and anti-current machine in most of its apartments. The...

A property in Dubai Hills has been sold for Dh128 million, making it the most expensive villa to be sold in the forthcoming area this year. The seven-bedroom mansion was sold brand new, with a built-up area of 34,113 sq ft on a plot of 42,518 sq ft. The villa was listed privately and sold in less than a month. There has been a scarcity of ultra-luxury, brand-new, completely furnished, and...

A villa on the Palm, inspired by the designs of Los Angeles beachfront homes, has sold for Dh63 million, becoming one of the bigger deals in Dubai’s property market during the second quarter. The five-bedroom 8,600 square feet home is on the N frond. “The home was presented in absolute mint condition – which went well noticed by the buyers,” said Kunal Singh Gupta, Associate Director of...

The property market in Abu Dhabi is seeing a significant surge in demand from European buyers, with some real estate agents reporting up to a 50% increase in demand in the first four months of 2022 compared to the same period last year. The surge has been linked to a variety of factors, including the city's cautious treatment of the Covid-19 outbreak, developing free zones that encourage company...