Dubai real estate sales totaled $8.3bn in November, according to Springfield Properties research. The Dubai real estate market demonstrated resilience in November 2024, with sales transaction values reaching AED30.53bn ($8.3bn) across 12,543 transactions, Springfield Properties reported. Despite a seasonal recalibration, the figures highlight sustained investor confidence in Dubai's dynamic property...
Rents in Dubai are projected to increase by around 10% in 2025, driven by an influx of new residents and a strong demand that continues to exceed supply. Here’s a breakdown of the key points for the coming year. Why Are Rents Rising in Dubai? Several factors are fueling the increase in rental prices: Population Growth: Dubai’s population reached 3.814 million in December 2024, up from 3.654...
Emaar Properties has announced it will distribute 100 per cent of its share capital as dividends for 2024, amounting to AED8.8bn ($2.4bn), emphasizing its commitment to providing exceptional value to shareholders. This represents a 100 per cent increase from the AED4.4bn ($1.2bn) dividend distributed in 2023, showcasing Emaar’s strong financial performance and dedication to investor...
Dubai developer Meraas announced the completion and handover of seven ultra-luxury waterfront mansions on Jumeira Bay Island, developed in collaboration with Italian luxury brand Bvlgari. The Bvlgari Ocean Mansions, spanning nearly 10,000 square feet with five bedrooms each, feature an over-water design and infinity pools blending seamlessly with the Arabian Gulf. Designed by Italian architecture...
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