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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...
Dubai developers bring branded apartments to the market to meet high demand The Dubai real estate market is seeing a surge in demand for off-plan properties, especially from foreign buyers, and developers are responding by bringing more branded residences to the market with the help of well-known brands. These include One&Only, St. Regis, Fairmont, Pagani, Bugatti, Aston Martin, Elie Saab and...
Why buy real estate in Dubai? The Dubai real estate market offers an intriguing prospect for investors looking for a unique blend of luxury, innovation and growth opportunities. Buying a property in Dubai is not only a financial investment, but also an immersion in a cosmopolitan environment with first-class amenities. Why Dubai? Dubai is not only one of the most up-and-coming economic centers in the...
The share of non-residential investors stood at 45 per cent in the first quarter of this year, an increase of 25 per cent. The Dubai property market experienced an unprecedented boom that began last year and has continued unabated this year. In the first quarter of 2023, property transactions in Dubai increased by 80 per cent to Dh157 billion, compared to Dh87 billion in the same period last year. The...
