2024

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...

JVC, Dubai Marina popularity booms as British buyers hunt for affordable apartments

During Q1 2024, Dubai witnessed a significant surge in British real estate investors. Experts informed Arabian Business that amidst a surge of investment activity in Dubai, there's a notable shift in the behavior of British real estate investors. They are moving away from luxury villas and towards affordable apartments and off-plan properties. Paul Kelly, Operations Director at Allsopp & Allsopp...

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