Sales of properties valued at over Dh5 million and Dh10 million reached a record high last year, with 10,296 and 3,806 transactions, respectively, marking a 54.5% and 68.4% increase, according to real estate consultancy CBRE. The report indicates that 67.2% and 70.8% of total transaction volumes for properties valued at Dh5 million or more and Dh10 million or more, respectively,...
The real estate market in the United Arab Emirates experienced robust growth, with total sales transactions surpassing 455.7 billion UAE dirhams ($124 billion). This significant increase was primarily fueled by a thriving off-plan market that set annual records. Data provided by Property Finder, a real estate portal operating in the UAE, revealed that Dubai achieved an unprecedented number of sales...
Abu Dhabi's Aldar Properties is allocating an additional Dh1 billion for the expansion of its logistics real estate business in Dubai and Abu Dhabi. The developer considers this sector pivotal for its future growth. In a noteworthy move, Aldar has acquired its inaugural real estate asset in Dubai – a 7 Central logistics hub, alongside an adjacent plot. Once developed, this acquisition will nearly double...
Luxury watch manufacturer Franck Muller and Dubai-based developer London Gate unveiled the Franck Muller Aeternitas, the world's tallest branded residential clocktower, in Dubai Marina. With an estimated sales value exceeding Dh2 billion, this 106-story tower is set to redefine the Dubai skyline, offering a new benchmark in lavish living in the UAE. The Franck Muller Aeternitas stands at an impressive...
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