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26.06.20233720In Dubai, a new area of luxury real estate will appear on the artificial archipelago of Palm Jebel Ali. This was announced by His Highness Sheikh Mohammed bin Saeed Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai. Palm Jebel Ali will be about twice the size of the elite Palm Jumeirah area. In Palm Jebel Ali, the...
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26.06.20233394In Abu Dhabi, the Century Village residential complex will appear on Al Reem Island. The project is designed specifically for workers in such areas as healthcare, transport, and the hospitality industry. It is now in demand in the capital of the UAE the most. The project will cost AED 320 million ($87 million) and will provide housing for...
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26.06.20232874A new project designed for wealthy real estate buyers will appear in Dubai. We are talking about the Sobha Hartland II project, which will take a total of 743,000 m2. At the same time, about 30% of each individual plot will take landscaping. The project provides villas with five and six bedrooms, as well as four-bedroom apartments....
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26.06.20234913A villa worth AED 749 million ($204 million) was put up for sale in Dubai. At the moment, this is the most expensive house in Dubai, despite the growth of the luxury real estate market. For $204 million, the buyer will receive a mansion in the Versailles style (also known as French Baroque) with an area of 5,574 m2 on a land plot with...
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26.06.20232484Real estate prices have increased by 46% in six months compared to the same period last year in Dubai. Contrary to numerous forecasts, the growth of the real estate sector in Dubai did not slowdown in 2023. In the period from January to the beginning of June, the growth amounted to AED 93 billion ($28 billion), which is 47% higher than in...
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26.06.20232945In Dubai, land plots intended for luxury homes have doubled in price, in some areas - four times. The reason is the huge demand and low supply; now there are practically no suitable sites left. Recently, there has been a boom in off-plan real estate in Dubai, analysts say. Local developers have several new projects and they are actively...
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26.06.20233622Experts expect that about 4,500 wealthy foreigners will move to the United Arab Emirates in 2023. It is expected that the UAE will be in second place in the world in terms of the influx of migrants with a fortune of more than $1 million. Australia will be in first place at the end of the year, Singapore will be in third, and the United...
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19.06.20233474In Dubai, average prices for some types of real estate have overtaken the record figures of 2014. First of all, this applies to villas and apartments in expensive areas. According to the Dubai Land Department, the average price of villas in May 2023 was set at around AED 2.5 million ($680,000). Experts note that this is 5% higher than the...
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19.06.20233449Abu Dhabi authorities have announced the Sweihan housing project. According to the project, a residential area for 204 villas will appear in the small town of Sweihan. The Abu Dhabi Real Estate Authority (ADIA) oversees the project. The construction will cost AED 572 million ($156 million). The residential area will occupy an area of about...
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19.06.20232967In the period from June 5 to June 11, sales of off-plan projects significantly decreased in Dubai, but sales of finished real estate increased. Such statistics are provided by the Dubai Land Department (DLD). According to DLD analysts, 2,796 transactions totaling AED 7.22 billion ($1.97 billion) were made in Dubai during the week. At the...
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