In a year marked by 16 new project launches, net profit soared 152% to $500 million, while the revenue backlog tripled to $2.72 billion. Driven by strong demand for luxury properties and successful project launches, Binghatti Holding reported its highest-ever annual sales, reaching AED 11.6 billion ($3.16 billion) in 2024—an increase of 161%. Total revenue surged nearly 200% to AED 6.3 billion...
Balancing affordability, quality, accessibility, and investor demand is a complex task, but these five measures mark a positive step for Dubai’s rapidly expanding real estate market. Dubai’s property sector has undergone key transformations since the beginning of the year. The city's popularity remains strong, with optimism surrounding both short- and long-term prospects. Enhancements to the...
The same building recently listed the world's highest residential property, called the “Sky Palace,” for $51 million. Dubai's Burj Khalifa is now offering the world’s highest office space, attracting interest from Gulf family offices and investment funds from the US and Europe. The 6,073-square-foot space is listed for $12.2 million, marking a record year for the city's commercial real estate...
Dubai’s real estate sector reached new milestones in 2024, with record-breaking apartment and villa sales of $75m and $65.5m, respectively. According to a report by Metropolitan Premium Properties, Dubai’s residential resale market saw a 25.3 per cent increase, surpassing AED155.73bn ($42.5bn). Despite global economic uncertainties, Dubai remains a prime choice for both local and international...
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