The real estate market in the United Arab Emirates experienced robust growth, with total sales transactions surpassing 455.7 billion UAE dirhams ($124 billion). This significant increase was primarily fueled by a thriving off-plan market that set annual records. Data provided by Property Finder, a real estate portal operating in the UAE, revealed that Dubai achieved an unprecedented number of sales...
Abu Dhabi's Aldar Properties is allocating an additional Dh1 billion for the expansion of its logistics real estate business in Dubai and Abu Dhabi. The developer considers this sector pivotal for its future growth. In a noteworthy move, Aldar has acquired its inaugural real estate asset in Dubai – a 7 Central logistics hub, alongside an adjacent plot. Once developed, this acquisition will nearly double...
Luxury watch manufacturer Franck Muller and Dubai-based developer London Gate unveiled the Franck Muller Aeternitas, the world's tallest branded residential clocktower, in Dubai Marina. With an estimated sales value exceeding Dh2 billion, this 106-story tower is set to redefine the Dubai skyline, offering a new benchmark in lavish living in the UAE. The Franck Muller Aeternitas stands at an impressive...
In 2024, substantial promotions are once again supporting the launches of offplan projects. Dubai: Build, sell and buy back? Some Dubai developers are considering the possibility of incorporating 'buyback' schemes into their offplan launch offerings, aiming to gain favor with potential sellers. Dugasta, a developer, has recently implemented such a scheme with the Al Haseen Residences project, pledging to...
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