In Dubai, a burgeoning trend among property owners and investors involves capitalizing on the emirate's record-high real estate prices through strategic remodeling and flipping. With values soaring, individuals with holdings in sought-after locales are increasingly opting for extensive redesign and renovation endeavors. Paul Kelly, Operations Director at Allsopp & Allsopp, notes that these investors...
Dar Al Arkan, a leading real estate company in Saudi Arabia and the GCC, has joined forces with Italian hypercar maker Pagani Automobili to unveil the DaVinci Residential Tower in Dubai. The collaboration marks significant milestones for both entities, showcasing Dar Al Arkan's regional expansion and Pagani's entrance into the Middle East real estate market. The AED800 million...
Dubai toll operator partners with Emaar Malls for parking management. Dubai's Salik, a leading toll-gate operator and standout performer on the Dubai Financial Market, is diversifying its revenue streams through a strategic partnership with Emaar Malls. The collaboration aims to introduce a 'seamless' parking management system at The Dubai Mall, enhancing the parking experience...
In 2023, Dubai's real estate market experienced an unparalleled surge, astonishing Avalon Properties' CEO Ahmad Ibrahim. Total sales soared to over Dh400 billion from Dh265 billion in 2022. October 2023 set a record at Dh39 billion, surpassing the peak month of November 2022 at Dh30 billion. In the dynamic landscape of Dubai's real estate market, 2023 marked a period of...
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