August 2024

Dubai property prices surge 124% since 2020

After a 124 percent surge since 2020, Dubai experienced a slight moderation in real estate price growth, slowing from a 15.9 percent increase in the first quarter to a 0.3 percent decline in the second quarter, according to an international property consultancy. Globally, Manila has led Knight Frank's Prime Global Cities Index, recording a 26 percent increase. This index tracks the movement of prime...

Palm Jebel Ali to Launch in 2026 After Selling 700 Homes

Nakheel, the project's developer, has been awarded a contract worth AED810 million for marine works. Construction on the main road connecting the island to Sheikh Zayed Road is also progressing. Palm Jebel Ali is projected to be three times larger than Palm Jumeirah. The island will feature 16 fronds and several additional islands, attracting interest from wealthy investors from Europe and...

How to get an Airbnb license in Dubai

Here’s everything you need to know about obtaining an Airbnb license in Dubai: Property owners in Dubai who want to earn from short-term rentals on platforms like Airbnb must go through a licensing process. The Dubai Department of Economy and Tourism (DET) has established regulations to govern the industry, ensuring that all short-term rental hosts meet specific requirements. Frank Porter, a...

Dubai real estate developer eyes massive expansion across UAE, beyond

Sunrise Capital, a rising developer in Dubai, plans to expand across the UAE with a significant portfolio of luxury villas and apartment projects, according to its CEO. The company, backed by an Indian-origin group, is set to launch its first mixed residential and commercial project in October—a AED400 million development in Dubai's Wasl Gate area. Luxury and craftsmanship in Dubai real...

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