2023

Exciting news from Dubai! His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, has given his approval to the innovative master plan for Palm Jebel Ali. This visionary project spans an impressive 13.4 square kilometers, twice the size of Palm Jumeirah, and promises to redefine waterfront living. Palm Jebel Ali will offer an...

The Dubai real estate market will experience unprecedented price growth by the end of 2023, outperforming major cities such as Miami and Paris, according to the "Dubai Property Market Forecast for 2023" report by sustainable real estate developer Färm Properties. The rise in prices is directly linked to the increase in sales volume, with Dubai set to see a significant 75 percent year-on-year growth in...

Dubai saw a record number of real estate transactions in the first four months of the year The real estate sector in Dubai has experienced a significant upswing, with average sales prices skyrocketing by 14.5 percent at the beginning of the year. Rents for apartments and villas have also risen by more than 25 percent, reflecting the growing demand for high-quality residential real estate in the...

The launch of Armani on Palm Jumeirah heightens anticipation, while a deal at the Burj Khalifa brings in Dh150 million (€38 million) Dubai's real estate scene is about to see the grand unveiling of Armani's highly anticipated second project in collaboration with esteemed master developer Arada. As the summer season approaches, Armani has strategically chosen this moment to launch its magnificent project...

Dubai's real estate market is experiencing unprecedented growth with a staggering 80% increase in transactions to Dh157 billion in the first quarter of 2023, up from Dh87 billion in the same period last year. The number of transactions also rose by 49% to 38,715, while the sales value increased by 62% to Dh89 billion. This growth is attributed to the ease of doing business, the successful management of the...

Welcome to the comprehensive analysis of the Dubai real estate market report in issue 2/2023. In this report, we take an in-depth look at the current market situation, especially after an extremely active year for the Dubai real estate market, which ended with a significant milestone in November 2023. A notable highlight of this year was breaking the 9-year record for the average sales price per square...

Dubai's World Islands are set to become even more luxurious with the completion of a 5 billion dollar project by the Kleindienst Group called The Heart of Europe. The six islands, located four kilometers off the coast of Dubai, will be home to floating "seahorse" villas, palaces with private beaches, hundreds of smaller villas and apartments as well as 16 hotels with private beach access. Although the...

The city surpassed previous market peaks, setting new records for investment volumes and experiencing a significant increase in foreign home ownership. Below is a compilation of some of the most expensive properties sold in Dubai in 2023, mainly based on data from the Dubai Land Department (DLD): Como Residences Penthouse - AED 500 million Apartment in Jumeirah's Marsa Al Arab - AED 420 million Apartment...

Dubai Reefs, the world's largest ocean restoration project, was unveiled on the coast of Dubai by URB, a developer of sustainable cities. URB has already designed and built sustainable cities in Yiti, Oman, and Yas Island in Abu Dhabi. With the Dubai Reefs project, URB is now bringing its expertise to the Dubai coast. Dubai Reefs is a sustainable floating community that will offer a variety of...

In the course of 2022, 122,658 real estate transactions were recorded, 80,216 investors. Dubai's real estate sector reached an important milestone in 2022, surpassing half a trillion dirhams in annual transactions for the first time. The sector grew exponentially and recorded transactions worth Dh528 billion, an increase of 76.5% over the previous year. This extraordinary achievement reflects the vision of...