News

Abu Dhabi and Dubai have retained their positions as the most livable cities in the Middle East and Africa, with improvements in health care and education, according to the 2024 Global Livability Index by the Economist Intelligence Unit (EIU). Abu Dhabi secured the top spot, while Dubai followed closely in second place, reflecting significant progress in the same sectors. Additionally, these cities were...

Drones to Oversee Dubai’s Housing Projects in a Technological Leap Dubai’s Mohammed Bin Rashid Housing Establishment has unveiled a pioneering initiative to incorporate drone and artificial intelligence (AI) technologies into its housing projects. This strategic move is designed to boost innovation and sustainability within the housing sector. Collaborating with global technology...

Dubai Green Spine Project Unveiled Dubai has announced an exciting new project to transform Sheikh Mohammed Bin Zayed Road (E311) into the 'Dubai Green Spine,' a 64-kilometre-long sustainable corridor. This groundbreaking initiative, led by URB and developed by its research arm, EPIC Lab, is part of the Dubai 2040 Urban Master Plan. It aims to revolutionise urban mobility, enhance environmental...

As temperatures soar in Dubai, the city's real estate market is set to sizzle with excitement as investors prepare for a historic summer spending spree. According to projections from W Capital, Dubai is poised to witness a surge in property investments, with an anticipated expenditure nearing $33 billion during the upcoming season. This optimistic forecast reflects Dubai's steadfast appeal as a global...

The Dubai real estate has seen a 26 per cent increase in residential real estate values this year, according to analysis by Espace Real Estate.A Q1 market overview report published by Espace Real Estate has analysed sales and rental activity across the villa, townhouse, and apartment market in Dubai during the first three months of 2024.Tracking 30 communities and concentrating solely on the residential...

Dubai: Tenants in Dubai concerned about a sharp rise on their next rental renewals are seeking another way to offset it – ask their landlord whether they can do ‘rent to own’. A significant number of tenants currently resident in Dubai’s freehold communities are asking that question to their landlords. In many instances, they are getting a favorable response. “The end-user buying is...

Dubai Land Department (DLD), has launched the initial phase of collaborations with nine developers to strengthen the ‘Dubai Real Estate Programme’, with efforts being made to allocate a 10 to 15 per cent quota of their projects to be sold through Emirati brokers. The  agreement was signed by His Excellency Engineer Marwan bin Ghalita, Acting Director General of Dubai Land Department, along...

Dubai real estate sector is witnessing a surge in interest from Chinese social media platform and TikTok sibling Douyin The Dubai real estate sector is seeing a surge in interest from Chinese social media platform Douyin. Buyers and sellers in China are taking significant interest in real estate in Dubai, the UAE and the Middle East as an investment opportunity and are turning to social...

The board of directors of both Nakheel and Meydan will be abolished Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Nakheel and Meydan will join forces with Dubai Holding. The two companies will become part of Dubai Holding under the leadership of Sheikh Ahmed bin Saeed Al Maktoum. The board of...

Demand for residential rentals remains healthy given Dubai’s economic growth and expatriate workforceRental growth in the Dubai real estate market is expected to moderate in 2024 due to a significant supply of new properties set to hit the market, an expert told Arabian Business.Associate Director of Research , said over 20,000 new residential units are likely to be completed and handed over...