2024

Mercedes Benz reveals new real-estate brand called Mercedes-Benz Places Mercedes Benz collaborates with Binghatti in Dubai, unveiling Mercedes-Benz Places, a groundbreaking venture merging automotive and architecture. The project kicks off with the construction of a 65-story residential tower in Downtown Dubai, delivering an interconnected luxury living...

An executive clarified that regardless of the upfront payment amount, the owner can apply for the 10-year residency. The Dubai government has relaxed Golden Visa eligibility for real estate investors, eliminating the previous requirement of a minimum down payment of Dh1 million. Property owners, opting for a payment plan or mortgage, can now apply for the 10-year residency visa, regardless of the...

Limited choices remain for new development in the Marina, Palm, and Business Bay regions. The demand for new developments in Dubai's post-pandemic period has led to a surge in plot prices for villa and residential building development, rising by as much as 60%. Key areas like Business Bay, Downtown, Marina, and Palm Jumeirah are experiencing either a lack of available plots or nearing full capacity,...

In a single day, transactions totaling nearly $1 billion in property deals were recorded by the Dubai Land Department. On Tuesday, January 23, the Land Department reported that the Dubai real estate sector saw transactions amounting to AED3.48 billion ($946 million). The data revealed 510 sales transactions, valued at AED1.36 billion ($370 million). Additionally, there were 210 mortgage deals, with a...