Dubai has unveiled a groundbreaking initiative to bolster its real estate sector by launching the Dubai PropTech Hub, aiming to double the value of the emirate's property technology market to AED 4.5 billion ($1.2 billion) within five years. Strategic Vision and Objectives The establishment of the PropTech Hub is a strategic move to accelerate digital transformation in one of Dubai’s key economic...
As of mid-May 2025, Dubai's off-plan real estate market has achieved a remarkable milestone, recording AED 90 billion (approximately $24.5 billion) in sales, according to data from the Dubai Land Department compiled by W Capital. This figure represents 38% of the total real estate transactions in the emirate during this period. Between January and May 15, 2025, there were 40,500 off-plan property...
Many investors in Dubai’s property market are now becoming increasingly selective about where they invest, according to industry experts. They noted that while the Covid-19 pandemic sparked a major boom, that momentum has slowed, with buyers now focusing more on long-term factors like amenities, location, and access to transportation. Diverse Market Sentiment At the “Game-Changers 2.0 Real Estate...
Dubai-based developer Wasl has unveiled an ambitious expansion of Jumeirah Golf Estates, introducing a masterplan titled “The Next Chapter” that will add over 12,000 new residential units across six lifestyle districts. Spanning 4.68 million square meters, the development aims to accommodate more than 51,700 residents upon completion. Key Features of the Expansion Residential Offerings: The...
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