Following the end of the Eid Al Fitr holiday, transaction volumes in Dubai's real estate market increased by 49% last week, demonstrating the sector's typical resilience. According to data from the Dubai Land Department (DLD), total ex-land transactions increased from Dhs5.82 billion in the previous shortened working week to Dhs8.66 billion ($2.36 billion) last week. This is especially for March...
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Sales accounted for the largest share, reaching Dh2.93 billion Dubai’s real estate market recorded transactions worth Dh3.8 billion at the start of the week through 1,194 deals, according to data released by the Dubai Land Department. Sales accounted for the largest share, reaching Dh2.93 billion through 930 transactions. Among the most prominent deals were properties in Al Yalyis 5 valued at...
Dubai landlords are increasingly offering flexible payment plans, such as more cheque options, to attract and secure tenants. Dubai landlords are increasingly offering flexible payment plans, such as more cheque options, to attract and secure tenants. This is driven by a sustained increase in residential supply expected between 2026 and 2028. Despite regional tensions, the rental market remains...
Dubai is expanding its blockchain-based real estate tokenisation initiative by enabling secondary market trading of fractional property ownership. Dubai is expanding its blockchain-based real estate tokenisation initiative by enabling secondary market trading of fractional property ownership. Last month, Dubai Land Department (DLD) launched Phase II of the Real Estate Tokenisation Project,...
Business groups and councils discuss sector needs and global economic changes Officials at Dubai Chamber said continued dialogue with the private sector will remain central to supporting sustainable growth and maintaining Dubai’s competitiveness in global markets.Supplied Dubai: Business leaders in Dubai remain confident about the emirate’s economic resilience and growth...
Dubai Ruler on Wednesday issued a new law regulating the management and occupancy of shared housing in the emirate. The legislation sets clear rules for permits, leasing, and safety standards, aiming to protect residents and property owners while preventing overcrowding and informal housing. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai,...
The iconic skyline of Dubai with its opulent skyscrapers and high-end communities on the waterfront is being more and more influenced by the world investors. Indian investors are the current leaders in the property market of Dubai. Indians are the biggest foreign property buyers in Dubai with a recent report by ANAROCK Group showing that Indians spent between 85,000 corers and 95,000 corers on...
Official figures from the Dubai Land Department confirmed that 874 real estate transactions were recorded with a value of AED2.46 billion on March 2 As geopolitical tensions across parts of the Middle East periodically generate global headlines, Dubai’s real estate market continues to demonstrate stability, reinforcing the UAE’s reputation as one of the world’s most resilient economic and...
The proposed megatall tower forms part of Phase 3 of the district’s master plan. Phase 1 delivered the 340-metre Uptown Tower and central plaza. Phase 2, comprising two Grade A office towers and two residential towers, is under construction and scheduled for completion in late 2027 and early 2028. According to DMCC, the new tower will incorporate smart-building systems and sustainability...
From facilities management firms pledging free home repairs to homegrown F&B brands cooking for anyone in need, these initiatives show how business resources can be repurposed for relief in times of distress. What began as a handful of offers on Instagram has quickly evolved into a wave of socialpreneurship, where profits took a backseat and community care became part of the business...