In the first quarter, Dubai and Abu Dhabi's occupier markets experienced robust activity, fueled by heightened demand from new rental registrations. Dubai witnessed sustained occupier activity, with total rental registrations reaching 46,850, a 35.8% increase from the previous year. CBRE Middle East noted that the surge was predominantly driven by a 51.1% rise in new rental registrations, totaling...
High-net-worth individuals from around the globe are anticipated to invest over Dh16 billion ($4.4 billion) in Dubai’s real estate market by 2024, as the emirate becomes the most popular destination for investors. According to global real estate consultancy Knight Frank, HNWIs’ investment interest is also driving them to Abu Dhabi and Sharjah after Dubai. Post-pandemic, Dubai's property market...
On Thursday, private luxury property developer Omniyat announced the sale of a penthouse for Dh139 million ($37.8 million) in the Burj Khalifa district, marking it as the priciest property in the area. The four-bedroom penthouse, located in the newly opened The Lana Residences, Dorchester Collection, covers over 16,594 square feet and overlooks the Marasi Marina, situated between the Burj Khalifa...
Everything you need to know about Emaar’s newest residential masterplan, which aims to offer an exclusive retreat lifestyle across 11,000 units. Dubai's development giant Emaar unveiled plans for a new masterplan in the city with a focus on health and wellness during a grand event held at the Armani Hotel on Monday, May 20th. The Heights Country Club & Wellness community, spanning 81 million...
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