A Dubai property consultant has finalized one of the highest residential rental agreements in the emirate, leasing a penthouse at One at Palm Jumeirah for AED 4,000,000 ($1,089,025.20) annually. Vasileios (Bill) Kandris of Dacha Real Estate handled the deal for the 7,450-square-foot residence, which boasts a private pool and terrace with views of Dubai’s skyline, including Palm Jumeirah, Ain Dubai,...
Dubai's real estate sector delivers stronger returns than London and New York, driven by rising prices, investor-friendly policies, and a future-ready market that attracts homebuyers and speculators. With an average sale price of $438 per square foot, Dubai offers exceptional value compared to London and New York. Despite its reputation for luxury and top-tier amenities, Dubai's property market...
Palm Jumeirah and Jumeirah Bay Island are the preferred locations for ultra-high-net-worth individuals (UHNWIs) in Dubai, representing 48% of all transactions valued at AED50M ($13.6M) or higher during the first ten months of 2024, according to Metropolitan Premium Properties (MPP). Other notable areas include Mohammed Bin Rashid City, Tilal Al Ghaf, and Dubai Hills Estate. Dubai’s super-luxury...
The Dubai real estate sector recorded transactions worth AED16.55bn ($4.5bn) last week, as per Land Department data. Sales accounted for AED9.29bn ($2.5bn) of the total, with 3,161 sales transactions recorded between November 18 and November 22. High-value sales included: An apartment in the Dorchester Collection sold for AED91.35m ($24.9m). Two offices in Enara by Omniyat sold for AED83.8m...
Compare listings
Compare