Real Estate

Dubai set to launch air taxis by 2026

An agreement has been formalized between Dubai's Road and Transport Authority (RTA) and the electric aircraft company Joby Aviation, headquartered in California, to launch air taxi services in the city by 2026. Joby Aviation aims for "initial operations" to commence in 2025, with a complete service expected to be operational by 2026, as stated by the company. Mattar Al Tayer, Director-General and...

Dubai’s luxury real estate gold rush lures global elite, outpacing London, LA for $10mn+ home sales

Dubai's opulent real estate boom is attracting the world's elite, surpassing both London and Los Angeles in luxury home sales exceeding $10 million. In recent years, Dubai's upscale housing sector has experienced remarkable expansion, drawing in affluent clientele who are eager to acquire properties, leading to comparisons with well-established cities such as London and Los Angeles, as noted by real...

Emaar’s Dubai Square to be world’s “most advanced, AI designed” project, says Alabbar

A workshop is being conducted by the developer to add the "finishing touches" to the project. Emaar's upcoming Dubai Square is set to be among the most cutting-edge developments globally, incorporating AI in the design, construction, and the creation of unique, personalized customer experiences. Following a workshop to finalize the project as construction commences, Mohamed Alabbar, the founder of...

Property market sees 57% deals surge in 2023

In the past year, the Dubai Land Department (DLD) disclosed that there were 129,000 transactions, amounting to over AED400 billion in property sales in the city. Despite a substantial increase in luxury prices in recent years, Dubai continues to be a preferred destination for international investors. Unique Properties, a prominent real estate agency, reported a remarkable 57 percent surge in deals in...

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