February 2024

Navigating the Future: Dubai’s real estate amid COP28 announcements

Dubai's real estate market serves as an exemplary model, showcasing how the global community can create a sustainable and adaptable environment to address the challenges posed by climate change. Amidst the urgency of addressing climate change globally, governments are being called upon to accelerate the transition from fossil fuels to renewables, playing a pivotal role in...

Dubai is third-richest city in BRICS; Sharjah millionaires to surge 120% in 10 years

Henley & Partners report indicates that wealth is growing at a faster rate in Sharjah compared to Dubai and Abu Dhabi. According to a recent report from Henley & Partners, Dubai holds the position of the third-richest city within the recently expanded BRICS bloc, while the millionaire population in Sharjah is predicted to experience a substantial 120% increase over the next decade. Henley...

Demand for office spaces surge 34%

Buyer leads for office purchases in Dubai experienced a significant increase of 44% In 2023, Dubai's commercial real estate market experienced dynamic activity that exceeded expectations, with a notable surge in demand observed in the office sector. The most recent data from the Dubai Land Department reveals a 34 percent increase in the volume of office space transactions compared to 2022,...

Dubai real estate sector sees $3.1bn of transactions this week, including $50m Al Mamzar property

Data from the Dubai Land Department indicates that over 3,600 transactions were recorded in the week ending February 2. This week, the Dubai Land Department reported real estate and property transactions reaching AED 11.45 billion ($3.1 billion). The transactions, comprising 3,677 deals including land and property sales, as well as mortgages, were recorded up to February 2. Among these transactions, 192...

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