December 2023

Dubai real estate rents to climb 20% this year, investors eye returns: analyst

Dubai's real estate sector witnesses surging rental prices, with projections suggesting further escalation in 2024, highlighting a persistent trend of increasing demand and limited housing supply in the market. Forecasts from property experts at Colife indicate a potential 20% surge in Dubai real estate rents in 2024. With investors eyeing both long and short-term returns, the...

Binghatti announces early completion of JVC residential project

Binghatti Heights: 365 modern units with cutting-edge technology ambiance. Binghatti Developers proudly announces the early completion of Binghatti Heights, a remarkable residential development nestled in the heart of Jumeirah Village Circle (JVC). This visionary project encompasses 365 units, each meticulously crafted with a contemporary ambiance and equipped with...

Ellington Properties and DMCC collaborate to launch Mercer House in Uptown Dubai

Dubai's prominent design-led boutique developer, Ellington Properties, has joined forces with Dubai Multi Commodities Centre (DMCC) to unveil Mercer House, a luxurious residential project in Uptown Dubai. Following the success of their earlier collaboration on UH by Ellington, Mercer House promises to be one of Ellington Properties' tallest residential...

Dubai, Abu Dhabi real estate deals surged over 56% in 2023

In 2023, the real estate markets in Dubai and Abu Dhabi experienced remarkable growth, according to a report released by Kamco Invest. The report indicates that real estate deal flow in Dubai surged by an impressive 57%, while Abu Dhabi witnessed a substantial 56% increase. The timeframes for these surges were the first ten months of 2023 for Dubai and the first nine months for...

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