Real Estate

How 3D printing in construction could support $272bn property transaction targets

3D-printing technology may play a key role in achieving Dubai’s ambitious real estate and construction goals. Aligned with the Dubai Real Estate Strategy 2033, which seeks to position the city as a global real estate investment hub, 3DXB Group reinforces its dedication to advancing technology and sustainability in the sector. The company remains at the forefront of integrating 3D printing...

Property market sets new record with $1.08mn annual rent for Palm Jumeirah penthouse

A Dubai property consultant has finalized one of the highest residential rental agreements in the emirate, leasing a penthouse at One at Palm Jumeirah for AED 4,000,000 ($1,089,025.20) annually. Vasileios (Bill) Kandris of Dacha Real Estate handled the deal for the 7,450-square-foot residence, which boasts a private pool and terrace with views of Dubai’s skyline, including Palm Jumeirah, Ain Dubai,...

Dubai real estate outperforms London and New York with superior 7% investment yields and double-digit price increases

Dubai's real estate sector delivers stronger returns than London and New York, driven by rising prices, investor-friendly policies, and a future-ready market that attracts homebuyers and speculators. With an average sale price of $438 per square foot, Dubai offers exceptional value compared to London and New York. Despite its reputation for luxury and top-tier amenities, Dubai's property market...

Dubai real estate sees $3.6bn spend on ultra-luxury properties; Palm Jumeirah and Jumeira Bay top choices for super-rich

Palm Jumeirah and Jumeirah Bay Island are the preferred locations for ultra-high-net-worth individuals (UHNWIs) in Dubai, representing 48% of all transactions valued at AED50M ($13.6M) or higher during the first ten months of 2024, according to Metropolitan Premium Properties (MPP). Other notable areas include Mohammed Bin Rashid City, Tilal Al Ghaf, and Dubai Hills Estate. Dubai’s super-luxury...

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