Dubai’s Crown Prince, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, has approved a major housing initiative to develop more than 17,000 affordable homes across six areas in the city. The project is part of the Dubai 2040 Urban Master Plan, aimed at creating a more inclusive and vibrant community.Sheikh Hamdan chaired a meeting of The Executive Council of Dubai on March 12, where he approved land...
Dubai’s real estate market is growing fast, offering great opportunities for investors. With top-class infrastructure, a strong economy, and government support, buying property in Dubai gives you both higher property value (capital appreciation) and steady rental income (rental yield). Why Invest in Dubai? Property Value Increases: Dubai’s real estate prices keep rising due to high demand...
Dubai’s real estate market is once again making headlines, outperforming major cities like London, Paris, and Madrid. With property prices and rental values continuing to rise, investors worldwide are taking notice. Dubai’s prime residential capital values climbed by 6.8%, while rental values surged an impressive 23.5%. This momentum is set to continue in 2025, with property values expected to grow by...
Dubai Municipality has launched the Building Intelligence Platform, a groundbreaking digital tool providing real-time data on buildings across the emirate. Unveiled during the World Governments Summit 2025 (WGS 2025), this platform supports investors, developers, and planners with crucial insights, reinforcing Dubai’s position as a global leader in smart urban development. A Game-Changer for...
The world’s richest people are packing their bags and moving to new countries at a record pace. In 2024, around 134,000 high-net-worth individuals, those with at least $1 million in liquid assets, relocated to different parts of the world. But that number is expected to grow even more in 2025, with 142,000 millionaires set to make a move. This shift marks the biggest wealth migration wave ever recorded,...
Dubai’s property market is off to a strong start in 2025, recording AED 43.90 billion in total transactions in 14,052 sales for January. This marks a significant jump in value and sales volume compared to the same period last year, reinforcing Dubai’s position as a top global real estate hub. Freehold Ownership Expands Investment Opportunities A major highlight this year is the expansion...
From February 1, 2025, property buyers in the UAE who take a mortgage will have to pay extra upfront. Banks will no longer cover the Dubai Land Department (DLD) fee and the broker's commission. This change will affect buyers, making off-plan properties a more attractive option.What’s Changing?Before, banks included the 4% DLD fee and 2% broker’s fee in the mortgage, reducing the initial payment for...
Dubai’s real estate sector reached a historic milestone in 2024, recording 2.78 million transactions, including property sales and rental agreements a 17% increase from 2023.In a statement, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, highlighted the sector’s...
The Dubai Land Department (DLD) has announced that private property owners in designated areas of Sheikh Zayed Road and Al Jaddaf can now convert their ownership status to freehold. This initiative aims to enhance Dubai’s real estate market and attract global investment. Key Areas and Eligible Plots A total of 457 plots have been identified for this conversion:Sheikh Zayed Road: 128 plots...
The UAE’s real estate market reach new highs in last year, with transactions worth AED 893 billion across Abu Dhabi, Dubai, Sharjah, and Ajman. A total of 331,300 deals showcased the sector’s strength and its appeal as a global investment destination. Dubai: Leading the Way Dubai led the market with AED 760.7 billion in transactions from 226,000 deals. This included:Property sales: AED 522...
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