Private real estate developer Danube Properties has announced the early handover of its Pearlz project, completed six months ahead of schedule. The project encompasses a built-up area of 480,179 square feet and includes 300 units comprising studios, as well as one-, two-, and three-bedroom apartments, along with retail outlets. Marwan bin Ghalita, the director-general of Dubai Land Department,...
In the first quarter, Dubai and Abu Dhabi's occupier markets experienced robust activity, fueled by heightened demand from new rental registrations. Dubai witnessed sustained occupier activity, with total rental registrations reaching 46,850, a 35.8% increase from the previous year. CBRE Middle East noted that the surge was predominantly driven by a 51.1% rise in new rental registrations, totaling...
High-net-worth individuals from around the globe are anticipated to invest over Dh16 billion ($4.4 billion) in Dubai’s real estate market by 2024, as the emirate becomes the most popular destination for investors. According to global real estate consultancy Knight Frank, HNWIs’ investment interest is also driving them to Abu Dhabi and Sharjah after Dubai. Post-pandemic, Dubai's property market...
On Thursday, private luxury property developer Omniyat announced the sale of a penthouse for Dh139 million ($37.8 million) in the Burj Khalifa district, marking it as the priciest property in the area. The four-bedroom penthouse, located in the newly opened The Lana Residences, Dorchester Collection, covers over 16,594 square feet and overlooks the Marasi Marina, situated between the Burj Khalifa...
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