News

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...

There were 2,867 real estate and property transactions in Dubai during the week ending November 25th, totaling Dh15 billion. Data from the Dubai Land Department shows that 2,867 transactions were documented throughout the past week. During the week, 313 plots were purchased for Dh1.57 billion. 1,936 villas and apartments were also sold for Dh4.48 billion. All three top transactions were recorded by...

Aldar Properties stated that it had acquired a magnificent beachfront parcel covering more than 40,000 square meters on Al Marjan Island in Ras Al Khaimah. The plot was bought from Marjan, a master builder of freehold residences in Ras Al Khaimah, clearing the way for residential construction on the island. Aldar wants to build a mixed-use residential neighborhood with a view of the Arabian Sea by...

Sobha Realty showcased Sobha Hartland II, another master-planned mixed-use building, on the second day of Cityscape Dubai. The well-known development has an eight million square foot footprint and is located in a prime position adjacent to Sobha Hartland. A gated community with 90 acres of open space and vegetation, five- to six-bedroom villas, and studio to four-bedroom apartments all offer...

Deliver on time and promise – Dubai developers are becoming more proactive in this area. The fastest finishes take between 750 and 1,000 days. This is the average completion time for the Top 10 Dubai developers during 2021. GPD (for Murano residence 5) and Rove Hospitality, (Rove City Walk), are currently at the top two spots. Developers who completed their projects last year took 4.4 years on...

In response to a dramatic increase in demand for Dubai real estate, CBRE reports that the average price of rental properties in Dubai increased by more than 27%. The number of renewals has increased while the number of new contracts has decreased as renters become less likely to move due to rising costs. The average rent increased by 27.3% over the previous year, according to CBRE's monthly Dubai...

Once again, the International Real Estate Investment and Development Event, Cityscape, will offer a fantastic setting for the local and international real estate communities to engage, develop joint venture agreements, and exchange thoughts regarding the future of the sector. Investors and developers will have the opportunity to connect in person at a series of targeted networking events that will be...