The inaugural real estate venture for the German automotive giant, Mercedes-Benz Places, is a 65-story residential tower situated in Downtown Dubai. A day after its launch, half of the properties in Binghatti Properties' latest branded residences project, Mercedes-Benz Places, in Downtown Dubai, have already been sold out, indicating strong buyer demand in the thriving UAE property...
On Tuesday, there were 530 sales transactions totaling AED2.35 billion, along with 135 mortgage deals amounting to AED564.27 million and 55 gift deals worth AED180.68 million. On Tuesday, the Dubai real estate market experienced a busy day with recorded transaction deals amounting to $816.8 million (AED3 billion). The property deals on Tuesday comprised 530 sales transactions totaling AED2.35...
As Dubai's population experiences rapid growth, the demand consistently surpasses the available supply. Dubai's robust off-plan real estate sector, exhibiting impressive growth over the past four consecutive years, has propelled the overall UAE market to achieve Dh455.7 billion in sales in 2023. As the off-plan sector is expected to continue supporting the market's growth in 2024 and beyond, realty...
Dubai has evolved beyond being a transitional market. Due to luxurious amenities and high demand from high net worth individuals, branded residences in Dubai can yield twice the rental income compared to non-branded residences. According to industry executives, luxury and branded homes also exhibit a greater potential for price appreciation compared to other segments of the market. Dubai is no...
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