In the dynamic world of Dubai's real estate market, investors from various countries have been making their mark in recent years. Among them, Norwegians have emerged as a prominent force, securing their position as the second largest group of buyers in the commercial real estate sector in the second quarter of 2023, right after Indian investors. This shift in buyer demographics is indicative of the growing...
The United Arab Emirates (UAE) is no stranger to soaring temperatures, but in 2023, the country has witnessed an unprecedented milestone in its weather history. With temperatures exceeding the searing threshold of 50°C, residents and visitors experienced an intense heatwave that left them searching for respite. The National Centre of Meteorology (NCM) recorded the scorching temperature of 50.1°C in Bada...
In a groundbreaking move, the emirate of Ras Al Khaimah (RAK) is set to challenge Dubai's real estate dominance by launching the United Arab Emirates' (UAE) first legal casino in 2027. The ambitious project is part of a grand luxury resort designed by Wynn Resorts and is expected to be the world's largest casino, sprawling over 18,500 square meters on the picturesque Al Marjan Island. The announcement...
The Burj Khalifa area in Downtown Dubai has emerged as a real estate hotspot, displaying remarkable growth during the first half of this year. According to data from the Dubai Land Department, the region recorded a staggering 2,454 real estate sales transactions amounting to 10 billion dirhams. This impressive performance showcases an 11% increase compared to the same period last year, during which the...
Dubai's iconic skyline is set to welcome a new addition as Azizi Developments, a renowned property developer, has officially revealed its grand vision to construct what will be the second-tallest building in the world. Farhad Azizi, the Chief Executive Officer of Azizi Developments and Vice Chairman of the Azizi Group, made the groundbreaking announcement, setting the stage for an impressive feat in...
Dubai's real estate market experienced a significant shift in the second quarter of 2023, with apartments witnessing robust growth while the sales of villas saw a marginal decline. New data released by the Dubai Land Department and Better Homes shed light on the current trends and factors influencing the market dynamics. This article aims to delve into the key findings, reasons behind the changing...
Stella Stays Unveils Two New Branded Residences in Al Barari, Redefining the Dubai Real Estate Experience Dubai-based proptech start-up, Stella Stays, has recently announced the launch of two exquisite branded residences located in the prestigious Al Barari neighborhood. This exciting development, consisting of 90 state-of-the-art units, aims to provide residents with a truly personalized rental...
Sobha Realty, a prominent real estate developer in the United Arab Emirates (UAE), is anticipating robust sales figures for the year 2023. With a projected sales target of Dh16-18 billion ($4.9 billion), Sobha Realty aims to nearly double its sales compared to the previous year. The surge in sales is primarily attributed to strong demand from Russian, Indian, and British investors. The company's...
Dubai, the global city of opportunity and luxury, has emerged as a preferred destination for living, working, entrepreneurship, and tourism. Over the past two decades, Dubai has witnessed an incredible urban shift that has transformed it into a thriving metropolis. As a result, the Emirate has become a magnet for investors from around the world, attracting individuals with varying financial solvency. In...
Dubai, known for its luxurious lifestyle and architectural marvels, continues to be a hub for real estate investments. The city's dynamic landscape is constantly evolving, with new and exciting projects emerging each year. In May 2023, several real estate projects in Dubai have been performing exceptionally well, attracting both local and international investors. With a diverse range of properties...
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