January 2024

For $163.48 million, Dubai’s largest penthouse goes on sale with mini golf, a cinema, and ten parking spots

Emerald Palace Group (EPG) has unveiled the largest penthouse in Dubai, the Super Penthouse R1, priced at an astonishing Dh600 million. Spanning the top three floors and the rooftop of the Raffles The Palm Dubai Residences, this opulent residence boasts a record-breaking total built-up area of 77,707 square feet, making it the largest private residence in...

In Dubai property market, many reasons why ‘1% monthly’ plans are showing up everywhere

Developers rely on user purchases, seeking simpler, accessible payment plans. Dubai developers pivot towards end-user buyers, emphasizing a 1% payment option amid peak mortgage rates. This strategy aims to attract buyers in a challenging market environment, fostering increased property sales. In 2024, Dubai's property market is witnessing a notable shift with the emergence of the 1 per cent monthly...

Arada buys AED600mn plot in Zaabeel

  Arada, a prominent developer, has successfully acquired a prime land plot in Zaabeel 2 valued at AED600 million from Rital Properties, the real estate arm of Emirates NBD Properties. The strategic location in Zaabeel 2 is earmarked for a prestigious 50-floor luxury residential tower, signaling a major expansion for Arada. The plot spans 138,466...

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