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...
The post-pandemic period has witnessed a surge in rental prices across the UAE, placing a financial burden on tenants. In Dubai alone, rents have jumped by 18 percent compared to the previous year, according to Property Finder's first-quarter report. However, tenants can take proactive steps to negotiate lower rates and alleviate the impact of rising rental costs. In this article, we will discuss eight...
Renowned billionaire investor and emerging markets expert, Dr. Mark Mobius, has expressed his bullish stance on Dubai's real estate market, highlighting the city's thriving potential and untapped investment prospects. In an exclusive interview with Arabian Business, Mobius, who recently relocated to Dubai, commended the emirate's attractive combination of factors, including tax benefits, robust...
Dubai is a city renowned for its extravagant lifestyle, iconic architecture, and unparalleled opportunities. Among the numerous residential areas that have emerged in this vibrant city, Alfurjan stands out as an exceptional choice for those seeking a harmonious blend of comfort, convenience, and luxury. With its strategic location, excellent infrastructure, and a wide array of amenities, Alfurjan has...
The Emirate of Dubai continues to solidify its position as a global economic powerhouse, once again emerging as the world leader in attracting foreign direct investment (FDI) in new companies. Crown Prince Sheikh Hamdan bin Mohammed Al Maktoum proudly announced that Dubai secured the top ranking in the fDi Intelligence global rankings for 2022, with remarkable growth and an impressive influx of foreign...
Dubai-based conglomerate Al Habtoor Group has recently announced its ambitious venture to construct one of the world's largest residential towers in the dynamic city of Dubai. The Habtoor Tower, spanning an impressive 81 floors and encompassing a sprawling built-up area of approximately 327,000 square meters, aims to redefine luxury living in the heart of the bustling metropolis. With an unparalleled...
UAE-based real estate developer Q Properties, a subsidiary of Abu Dhabi's Q Holding, has unveiled the second phase of its prestigious Reem Hills project. This announcement comes on the heels of the remarkable success of Phase One, which saw all units sold out in record time. Situated in the heart of the capital, Reem Hills is the sole gated community on Al Reem Island, making it an appealing choice for...
Dubai's real estate market has experienced significant changes in the first quarter of 2023, with rental prices soaring across various neighborhoods. According to a recent report by property portal Bayut, popular areas in Dubai have witnessed substantial price hikes, favoring sellers and landlords. This article explores the notable rental price increases in both luxurious and affordable neighborhoods,...
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