May 2024

Plans for Dubai Mangroves, the Largest Coastal Regeneration Project in the World

URB, a leading urban planning and development firm headquartered in Dubai, has put forth an innovative proposal to set new standards for coastal rejuvenation within the city. Dubai Mangroves aims to plant over 100 million mangrove trees along a 72-kilometer coastline stretch, enhancing Dubai's shoreline while integrating ecological preservation with urban growth. This initiative, prioritizing urban...

Over 8,000 new units hit the market in Q1, experts silence ‘oversupply concerns’

Between Q2 and Q4, an anticipated additional 29,690 units are slated for handover, elevating the annual projection to almost 38,000 units. A new report disclosed that over 8,000 fresh properties were introduced to the Dubai real estate market in the initial quarter of 2024. During the first quarter of 2024, Cushman & Wakefield Core's Q1 market report for Dubai noted the delivery of over 8,351...

Dubai’s luxury property market shows no signs of slowing

Adding to its appeal, it remains one of the most affordable luxury markets globally. The recent transaction facilitated by Sotheby’s International Realty underscores the enduring momentum in Dubai’s prime luxury real estate market. Located in the lively heart of Jumeirah, Umm Al Sheif, a six-bedroom villa was successfully sold for Dh80 million ($20 million), representing a noteworthy achievement for...

Unveiling the UAE’s First Casino Haven

Last year, news emerged that the UAE is establishing a governmental body to develop and enforce regulations for commercial gaming. With fresh images of the enterprise now available, it seems like the ideal moment for us to piece together what we know about the sole confirmed casino for the region thus far: Wynn Al Marjan Island. What is the location of Wynn Al Marjan Island in the UAE? You've likely...

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