Real Estate

Upcoming Marathon Causes Temporary Road Closures in Dubai: Plan Your Routes Accordingly Umm Suqeim Street (heading into Jumeirah) Jumeirah Beach Road (Madinat Jumeirah to the flagpole) Part of Al Wasl (joining Umm Suqeim) In preparation for the Dubai Marathon on Sunday, January 7, 2024, major roads in the city will be temporarily closed to ensure the safety of participating runners. While specific...

Contracts to construct The Island, a project modeled after Las Vegas, have been given to a property developer in Dubai. China State Construction Engineering Corporation was given a contract worth AED 4.4 billion ($1.2 billion) by real estate developer Wasl, according to a MEED report. According to reports, the contract represents the biggest construction agreement in the Emirate since 2017. The...

According to a recent study, investments in some of Dubai’s most well-known school districts, like Mohammad Bin Rashid City and Al Khail, can yield returns of up to 43.7 percent over a five-year period. In addition to commanding attractive rental yields of approximately 6 percent per year, residential projects located near reputable schools can yield returns on investments ranging from 22.5 percent to...

Aqua Properties, a prominent UAE-based real estate company, is set to launch two ambitious projects worth Dh3 billion in the next six months in response to the robust demand for off-plan apartments across the nation, particularly in Dubai. The company, led by founder Ali Tumbi, is currently managing three ongoing projects with two more in the pipeline, encompassing upscale apartments and strategically...