The same building recently listed the world's highest residential property, called the “Sky Palace,” for $51 million. Dubai's Burj Khalifa is now offering the world’s highest office space, attracting interest from Gulf family offices and investment funds from the US and Europe. The 6,073-square-foot space is listed for $12.2 million, marking a record year for the city's commercial real estate...
Dubai’s real estate sector reached new milestones in 2024, with record-breaking apartment and villa sales of $75m and $65.5m, respectively. According to a report by Metropolitan Premium Properties, Dubai’s residential resale market saw a 25.3 per cent increase, surpassing AED155.73bn ($42.5bn). Despite global economic uncertainties, Dubai remains a prime choice for both local and international...
Dubai's real estate sector has started 2025 with a strong performance, as property sales in January reached AED44.4bn ($12.1bn), reflecting a 24.1 per cent increase in value compared to the same month last year. A market update from fäm Properties reveals that the 14,236 transactions in January represented a 23.2 per cent rise in volume over January 2024. Land sales saw the largest growth, with 811...
Markaz analysts identify opportunities and expectations for UAE, Saudi and Kuwait real estate markets this year Real estate markets in the UAE, Saudi Arabia and Kuwait are expected to thrive in 2025, according to Kuwait Financial Centre “Markaz”. In its latest real estate market reports, Markaz provides analysis of market trends in Kuwait, Saudi Arabia, and the UAE for H2 2024, as well as a...
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