Dubai’s much-awaited Palm Jebel Ali is making significant strides, with eight out of its 16 iconic fronds expected to be completed by next year. In a key milestone, a Dh810 million contract has been secured for marine works, marking an important step in the construction of this extraordinary artificial island. Upon completion, Palm Jebel Ali will stretch 13.4 kilometers, featuring 16 fronds and 91...
Dubai’s residential units sold so far in 2024 are close to matching the total for 2023, according to data released on Monday. As per Emirates NBD's Residential Market Monthly, 104,250 units have been sold year to date (YTD), just 14,000 shy of the total transactions from last year. “We expect activity to remain stable through the rest of the year, likely setting a new record for residential units...
Azizi Developments, a private UAE developer, has revealed plans for Burj Azizi, a 725-meter skyscraper that will become the second tallest building in the world. Located on Sheikh Zayed Road in Dubai, the project is set for completion by 2028. The 131+ storey tower will launch sales in February 2025, offering a seven-star hotel, residences, including penthouses and holiday homes, along with amenities...
Dubai’s real estate market saw property sales in August reach AED47.3bn ($12.9bn), marking a 40.8% year-on-year increase. A report from fäm Properties highlighted that August recorded 16,159 transactions, a 36.9% rise in volume compared to August 2023, with the average price per square foot increasing by 6.1% to AED1,493 ($407). The most expensive sale in August was a luxury apartment at the...
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