Real Estate

42,000 residential units will be delivered across Dubai, Abu Dhabi in 2024 – JLL

The increasing demand has been a key factor in the continued rise of average villa sale prices in Dubai. In 2024, the property market in the UAE is poised for significant growth, with the delivery of 42,000 residential units anticipated across Dubai and Abu Dhabi. According to a report by JLL, Dubai is expected to witness the completion of approximately 34,000 units, while Abu Dhabi is slated to add...

Dubai offers free parking, taxi fare discounts for tourists with special needs

Individuals with determination have the option to request complimentary parking through the RTA's website or app, or they can visit a customer happiness center in person to make the application. Photographs captured by Angel Tesorero showcase participants at the 4th Accessible Travel and Tourism International Conference. On Thursday, officials from both the Roads and...

Property market flourishes amid global challenges, says new JLL report

In 2023, there was notable growth in property transactions in Dubai's residential sector, encompassing both primary and secondary markets. JLL's A Year in Review UAE report states that despite global economic challenges, the real estate sector in the UAE exhibited resilience, experiencing substantial growth across major asset classes in 2023. Research Director Faraz Ahmed...

Mercedes-Benz and Dubai-based Binghatti Properties unveil branded real-estate venture

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...

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