April 2024

AED148million property sold, marking third most expensive villa sale this year

The 19-bedroom villa, sold by Dubai Sotheby's International Realty, ranks as the fourth most expensive villa ever to be sold in Emirates Hills. In Dubai, a record-breaking real estate deal has occurred with the sale of a villa in Emirates Hills for AED148 million. Featuring 19 bedrooms, this villa has secured the fourth-highest price ever seen for a property in Emirates Hills. Dubai Sotheby’s...

Dubai firm selling multi-million dollar watches to the super-rich set to make debut in luxury real estate

The Watch Meister ventures into the Dubai real estate market following significant achievements in the realm of luxury watches valued at $2 million and beyond. The Watch Meister, renowned for catering to Dubai's elite with multi-million dollar timepieces, is poised to enter the city's upscale residential real estate market, unveiling ultra-luxury homes priced at $2 million and beyond. Expanding its...

DLD kicks off first phase of strategic partnerships to support property programme

Emaar Properties, Expo Dubai, Deyaar, DAMAC Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development have joined forces in a strategic alliance agreement. The Dubai Land Department (DLD) has commenced the first phase of a series of strategic collaborations with nine developers to strengthen the 'Dubai Real Estate Programme'. This initiative...

Amid rising rents, firms looking to own properties

Several local and regional companies in Dubai are following the lead of residents by transitioning from renting to owning properties, driven by escalating rental costs. Mirroring the behavior of Dubai residents over the past few years, many local and regional companies are opting to purchase properties to counter the upward trend in rental prices. This shift has notably influenced Dubai's residential...

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