The Dubai real estate sector recorded over AED14.65bn ($4bn) in transactions last week, according to Land Department data. Sales accounted for AED10.93bn ($3bn) of the total, with 3,530 sales transactions recorded between August 19 and August 23. Among the top sales transactions listed by the Land Department were: An apartment in Vela by Omniyat sold for AED42.9m ($11.7m) An apartment in Six...
The rise of tokenisation and blockchain technology in Dubai and the larger UAE is enhancing fractional ownership of real estate assets, including high-value properties like vacation homes. Tokenisation is becoming a key trend in Dubai’s real estate sector, attracting investors to acquire properties through stablecoins and tokens on blockchains, with expected returns of over 8 percent, according to...
Properties valued at Dh2 million continue to attract significant demand in 2024 from investors and end-users seeking the 10-year Golden Visa. Property investors aiming for long-term residency in the UAE must purchase assets worth Dh2 million or more. To qualify for the Golden Visa in Dubai, investors can either buy a single property valued at Dh2 million or multiple properties with a combined value of...
Demand in Dubai’s real estate market is soaring, driving luxury properties to record-high valuations. Even the April floods couldn’t slow down the booming market. State-backed Emaar Properties, a prominent name in Dubai’s skyline, reported $8.1 billion in sales from its development business during the first half of the year, up from $5.2 billion during the same period last year. Citywide,...
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