February 2024

Dubai Real Estate Market Report 2023: Record growth and strategic shifts

Dubai's Vision 2040 has been the guiding force for a year of significant development and progress. Presenting the Dubai Real Estate Market Report for 2023, Provident Real Estate takes pride in unveiling a year marked by significant development and progress, perfectly in sync with Dubai's Vision 2040. Guided by Laura Adams, Sales Director at Provident Real Estate, this all-encompassing report spotlights...

Dubai set to launch air taxis by 2026

An agreement has been formalized between Dubai's Road and Transport Authority (RTA) and the electric aircraft company Joby Aviation, headquartered in California, to launch air taxi services in the city by 2026. Joby Aviation aims for "initial operations" to commence in 2025, with a complete service expected to be operational by 2026, as stated by the company. Mattar Al Tayer, Director-General and...

Dubai’s luxury real estate gold rush lures global elite, outpacing London, LA for $10mn+ home sales

Dubai's opulent real estate boom is attracting the world's elite, surpassing both London and Los Angeles in luxury home sales exceeding $10 million. In recent years, Dubai's upscale housing sector has experienced remarkable expansion, drawing in affluent clientele who are eager to acquire properties, leading to comparisons with well-established cities such as London and Los Angeles, as noted by real...

Emaar’s Dubai Square to be world’s “most advanced, AI designed” project, says Alabbar

A workshop is being conducted by the developer to add the "finishing touches" to the project. Emaar's upcoming Dubai Square is set to be among the most cutting-edge developments globally, incorporating AI in the design, construction, and the creation of unique, personalized customer experiences. Following a workshop to finalize the project as construction commences, Mohamed Alabbar, the founder of...

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