Real Estate

Fitch has also given Binghatti a ‘stable outlook,’ reflecting confidence in the company’s continued financial discipline and market leadership. Dubai’s leading developer, Binghatti Holding, announced that Fitch Ratings has upgraded its Long-Term Issuer Default Rating (IDR) and senior unsecured debt from ‘B+’ to ‘BB-’. The upgrade is attributed to Binghatti’s strengthened financial...

It seems that UAE property buyers are finally gaining more leverage over sellers than they have in years. Recent data shows that prices have started to decline, indicating a market where developers and sellers are becoming more willing to adjust their pricing. Previously, generous commissions offered by developers were not enough to prevent a downturn in certain indices, particularly those dominated by...

Dubai Municipality has introduced updated planning regulations allowing home extensions and additional living space within residential properties. As part of the UAE’s “Year of Community,” announced by President Sheikh Mohamed bin Zayed Al Nahyan, the municipality launched the “Home First” initiative to enhance housing facilities for Emirati families. This initiative introduces a series of...

Dubai’s Rental Market Transforms Amid Regulatory Changes Dubai’s residential rental market is evolving rapidly, influenced by shifting tenant expectations, policy updates, and broader economic trends. With affordability and flexibility becoming key priorities, industry leaders are adjusting to changing consumer needs and a dynamic real estate landscape. “Over recent years, we’ve observed a...