Dubai's real estate market is grappling with a significant supply-demand imbalance, particularly in the residential sector. The rapid population growth, driven by an influx of foreigners attracted by increased investment returns and diverse residency permit options, has outpaced the delivery of new residential units. In 2023, 50,000 new residential units were delivered, addressing...
There was a 13.2 percent decrease compared to the same period the previous year, bringing the total number of transactions to 9,034. In November 2023, the Dubai real estate sector witnessed a significant change in residential transactions, registering a total of 9,034 transactions – reflecting a 13.2 percent reduction compared to the corresponding period in the prior year, as per the most recent...
DAMAC Properties, a premier UAE real estate developer, has unveiled DAMAC Maison AYKON City along Sheikh Zayed Road, near Safa Park, renowned dining, upscale shopping, and entertainment hubs. This visionary project, not just a skyline addition, elevates luxury standards in real estate and hospitality. Featuring modern studios to spacious three-bedroom luxury hotel apartments, each space boasts cutting-edge...
Dubai is set to get its first residential clock tower, which is also set to be the tallest residential clock tower in the world, the building’s developers announced on Thursday. The project was unveiled at an event to mark the collaboration between London Gate, UAE’s premium real estate developer and Franck Muller, the Swiss luxury watch manufacturer in Dubai. For three decades,...
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