Netflix star Daniel Daggers referred to Dubai’s market as a “sweet shop,” stating there would still be growth “but perhaps not in price values”
Real Estate
London
London’s super-prime home sales above $18mn drop 25% as wealthy buyers pull back
The market is expected to continue being driven by buyers from the United States and GCC, including Saudi Arabia, the UAE and Qatar
Lebanon
Investors eye Lebanon real estate bargains amid price drop as fragile Israel-Hezbollah ceasefire holds
The current ceasefire has emboldened some investors to begin exploring opportunities in areas where prices have dropped significantly
Abu Dhabi real estate
UAE real estate: Property market transactions hit $243bn in 2024
Dubai led the real estate market with AED760.7 billion in transactions from 226,000 deals
Dubai real estate
Dubai real estate sets $142bn transaction record in 2024 and best performing areas can now be revealed
Dubai real estate sector sets records for volume and value in 2024 with more properties sold for more money and at higher prices
Dubai Land Department
Dubai launches 2025 rental index, building ratings to impact rent increases
Dubai Land Department launches Smart Rental Index
Dubai
Mohamed Alabbar: Inside the mind of the man who helped build Dubai – and isn’t done yet
The real estate and technology mogul shows no signs of slowing down, declaring ‘I’m just having so much fun’
Dubai
Dubai’s real estate market to flourish in 2025 with infrastructure-led growth and emerging neighbourhoods
Massive investments earmarked for infrastructure development is a reflection that Dubai’s leadership recognises long-term success requires inclusivity, experts said
Jabal Omar Development
Saudi-based Jabal Omar announces sale of key Makkah plot for $359m
The deal comes just days after Saudi developer completed the sale of a similar plot within its Makkah development
Airports
Dubai Duty Free records record $2.2bn sales in 2024
Dubai Duty Free set new record with $225m sales in December
Dubai housing market to see price rise moderation in 2025; 5-10% price rise projected
Dubai’s property market is expected to witness supply constraints in some key areas, though developers are ramping up construction efforts to meet the rising demand
Dubai
Dubai’s top five residential areas revealed: Report
Several area topped the list including Palm Jumeirah, Jumeirah Village Circle (JVC) and Jumeirah Beach Residence (JBR)
Dubai
Dubai’s DLD to launch Smart Rental Index in January 2025
The Smart Rental Index introduces a cutting-edge system for regulating and developing Dubai’s real estate sector, particularly rental valuations
Dubai Land Department
Dubai real estate sector recorded $6bn of transactions last week, including $3.4bn of mortgages
The Dubai real estate sector saw $3.4bn of mortgages transactions and 3,345 sales
Makkah
Saudi real estate developer ROSHN breaks ground on 33,000-home ALMANAR community in Makkah
ROSHN holds ground-breaking ceremony at ALMANAR residential community in Makkah, Saudi Arabia
Dubai
Dubai South Properties completes first phase of The Pulse Beachfront with 251 luxury villas
The project, which features a total of 788 residential units, offers a variety of three-, four-, and five-bedroom villas and townhouses, ranging from 2,600 to 4,800 square feet
RAK real estate
Ras Al Khaimah real estate hits AED 11.95bn, up 70% since 2020
The appeal of Ras Al Khaimah lies in its ability to combine luxury and affordability, attracting both investors and residents